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Bitcoin Still Undervalued After Q2 Rally, Price Metric Shows

Bitcoin's Mayer multiple indicates the cryptocurrency is undervalued despite having rallied by over 40% this quarter.

Updated Sep 14, 2021, 8:53 a.m. Published Jun 18, 2020, 11:29 a.m.
Bitcoin price: April 1 to present (CoinDesk BPI)
Bitcoin price: April 1 to present (CoinDesk BPI)