Bitcoin Is Wildly Undervalued As BTC Retreats to $32,000, According to On-Chain Analyst Will Clemente

Bitcoin Is Wildly Undervalued As BTC Retreats to $32,000, According to On-Chain Analyst Will Clemente

“Closely-followed analyst Will Clemente says that Bitcoin is wildly oversold based on on-chain metrics. In a new Pomp Podcast interview, the analyst highlights that he’s seeing on-chain signals indicating that long-term holders are aggressively buying the dip. “What we’re really seeing is all the coins that are being sold are from very young wallets… A
The post Bitcoin Is Wildly Undervalued As BTC Retreats to $32,000, According to On-Chain Analyst Will Clemente appeared first on The Daily Hodl.”

Source: The Daily Hodl

Hedge or no hedge: investors’ debate over Bitcoin and gold continues

“As the American economy grapples with labor and supply shortages, the country’s central bank declared that “the risks of higher inflation have moved up.” And once again, the question of cryptocurrencies such as Bitcoin providing investors with a hedge against rising inflation is up for debate. Speaking at a recent