Tom Lee, Managing Partner & head of Research at Fundstrat Advisors, crypto enthusiast, & former Chief Equity Strategist for JP Morgan shares his BTC Misery Index.
The Misery Index is set on a scale of 0-100 and uses economic indicators and a variety of BTC market factors. Think of it as a way of measuring how happy or sad you are owning Bitcoin.
He shares on a Fast Money broadcast, “When the Bitcoin Misery Index is at ‘misery’ (below 27), bitcoin sees the best 12-month performance.”
Currently the “BMI” of BTC is 18.8 – the lowest since 2011.
According to Lee, when the misery index is low, it’s a good time for investors to acquire more BTC.
Check out the BMI chart