By Zuzshura - 25.03.2020
Bitcoin misery index website
Lee has created a 'Bitcoin Misery Index' that is calculated on a scale of , and right now the index is at , the lowest it's been since Tom Lee's (of Fundstrat) Bitcoin Misery Index. It's not accessible to non-clients as far as I'm aware however he does occasionally update on the current value.
Near 5. Earlier the cryptocurrency touched its lowest level since May.
We remain risk-off for bitcoin misery index website and crypto but see a higher probability of conditions improving within the next 10 bitcoin misery index website. Bloomberg One key reason for the latest swoon was scepticism expressed bitcoin misery index website Facebook chief executive Mark Zuckerberg about the social network company's plans to develop its Libra cryptocurrency.
Still, Mr Zuckerberg sought to reassure lawmakers bitcoin misery index website Facebook would not back any move by the crypto project, which comprises bitcoin misery index website consortium of 21 members including venture capital firms and nonprofits, to launch the digital currency until it had satisfied all US regulatory concerns.
The structure is intended to foster trust and stabilise the price.
Fundstrat's Mr Lee retains his bitcoin misery index website optimism for cryptocurrencies. And this has largely played out in We are now waiting for the BMI bitcoin misery index website fall below 30 before concluding sentiment has properly reset.
Mr Lee asks: "White House and Congress have incrementally turned hostile to crypto, particularly because of Libra.
As we have noted multiple times recently, we think the Bitcoin misery index website remains bitcoin misery index website central crypto story over the next few years.
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He also writes on monetary policy, equities, commodities and currencies. Connect with Timothy on Twitter.
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