Ryan Selkis: "Indicators talk about the upcoming growth of bitcoin" – Bits Media

The founder and general director of the analytical company Messari said, which is fundamental, and technical analysis talk about the growth of bitcoin in the medium term.

Ryan Selkis (Ryan Selkis) He emphasized in an interview, that the coefficient MVRV (Market Value to Realized Value) Indicates Beatcoin accumulation phase. According to the analyst, most likely, The phase will last a long time, but then the price of the first cryptocurrency will begin to grow.

MVRV indicator shows the ratio of the market and real capitalization of the asset. Respectively, If the indicator falls below 1, then the real value of the asset is higher than the market and it is time to buy it.

“When MVRV reaches an indicator 3, That means, it's time to sell an asset. When MVRV decreases to 1, then it is worth buying an asset. Where are we now? Similar indicators were in January 2015, December 2018 and March 2020. All in all, I advise you to sell a kidney and buy for everything ", - said Selkis.

The founder of Messari recalled, that in a fairly close perspective there is a halving bitcoin - expected, that the reward of miners will decrease through 18 months. Besides, Only bitcoin is perceived as a “real alternative” gold:

“If the capitalization of bitcoin and gold is equal, then this means the growth of the BTC course in 25 time. All in all, I would advise buying bitcoin on 4% from the value of invested capital in gold. If you look at the current market, then bitcoin may well cost $ 500,000 ".

Previously, Ryan Selkis said, that the current recession of the cryptocurrency market can play the benefit of the entire industry.