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#PriceHeuristics

Everything Divided By 7 Million: Popular Bitcoin Price Heuristics Are Missing The Mark

August 21, 2023

Everything Divided By 7 Million: Popular Bitcoin Price Heuristics Are Missing The Mark

The most popular Bitcoin price heuristic divides the coin’s total market capitalization by 7 million. But this method of estimation is widely off the mark, failing to account for variables such as circulating supply, block rewards, and more.