Fidelity Exec Says Bitcoin’s P/E Ratio ‘Is Back to 2017 and 2013 Levels’

Fidelity’s Director of Global Macro Jurrien Timmer has recently said that Bitcoin’s “P/E” metric using the cryptocurrency’s price and network ratio, it’s back to levels last seen in 2017 and 2013, even though the cryptocurrency’s price is back to late 2020 levels. According to Timmer, valuation “often is more important than price,” and BTC’s valuation […]