Famous CEO Saying That This Situation Has Been Seen Three Times In Bitcoin, Said In The Historical Buying Zone Of BTC!

bitcoin Investors are looking forward to BTC’s upward move as it continues its sideways movements below $17,000.

News that will delight investors, cryptocurrency research company Messari founder and CEO Ryan Selkiscame from

In a recent interview with Barron’s, on-chain signals BTC The famous CEO, who said that he gave a buy signal for Bitcoin market cap-to-realized value (MVRV) He said the indicator shows a historical buying level.

“Bitcoin Historic in Buy Zone!”

Ryan Selkis said that the MVRV indicator is in the early days of a long-term accumulation phase and exhibits behavior similar to when bottoming out in previous bearish cycles.

“A Bitcoin MVRV ratio of 3 means ‘sell now’.

An MVRV below 1 means ‘start accumulating’ for the entire history of Bitcoin and crypto.

Where are we now? In January 2015 or December 2018. So we can say that we are in a historical buying zone to buy more.”

Stating that Bitcoin’s neutrality and global adoption, as well as the halving planned for the first half of 2024, are the catalysts for the rise, Selkis continued his words as follows:

“Bitcoin is in a historic buying range for MVRV. This has only happened three times in the last decade: January 2015, December 2018 and March 2020.

In addition, there is a period of 18 months until the halving. And for those skeptical of the US dollar as a reserve currency, Bitcoin is the only cryptocurrency that is accepted as a foreign currency candidate.”

“Bitcoin Could Be $500,000!”

Finally, Selkis, who compared gold with Bitcoin, said that Bitcoin “to act as a more reliable, neutral backup entity” With the start of the day, he said he would match the gold.

“BTC will generate 25x returns if Bitcoin pairs with gold.

That’s why you’d like to add a 4% position to digital gold for every ounce of gold you buy.

At today’s prices, the Bitcoin-gold pair shows us $500,000 for BTC.”