That’s according to a metric that runs an Ordinary Least Squares (OLS) regression of the relationship between bitcoin and S&P 500 over the last 200 days to estimate of fair value for the Bitcoin price based on the current S&P 500 price.
This methodology (an OLS regression of the Bitcoin and S&P 500 prices over the last 200 days) comes up with a fair value of 27,550 for BTC….
Read More: Bitcoin Now Undervalued vs S&P 500, According to This Metric
Source:https://cryptonews.com/news/bitcoin-now-undervalued-vs-sp-500-according-metric.htm