{"id":75394,"date":"2023-11-01T16:18:24","date_gmt":"2023-11-01T16:18:24","guid":{"rendered":"https:\/\/kryptodata.se\/bitcoins-stocks-deemed-massively-overvalued-despite-100-price-gains\/"},"modified":"2023-11-01T16:18:24","modified_gmt":"2023-11-01T16:18:24","slug":"bitcoins-stocks-deemed-massively-overvalued-despite-100-price-gains","status":"publish","type":"post","link":"http:\/\/kryptodata.se\/bitcoins-stocks-deemed-massively-overvalued-despite-100-price-gains\/","title":{"rendered":"Bitcoin’s stocks deemed ‘massively overvalued’ despite 100%+ price gains"},"content":{"rendered":"
– Bitcoin is predicted to deliver over 100% annual price gains, according to Dan Morehead, CEO of hedge fund Pantera Capital.<\/p>\n
– Morehead warns that risk assets, particularly stocks, are at risk of a serious contraction due to being “massively overvalued.”<\/p>\n
– He points out that equities are overvalued because the price-to-earnings ratio is at the same level as when interest rates were falling, despite rates now being much higher and rising.<\/p>\n
– Morehead predicts that equities could be 23% lower than their current levels based on historical equity risk premiums.<\/p>\n
– Despite concerns about stocks, Morehead is optimistic about Bitcoin’s future, stating that it has a 14-year trend growth of 145% per year and will continue to double in value annually.<\/p>\n
– However, some analysts warn that Bitcoin may experience a major retracement before the 2024 block subsidy halving, potentially around March next year.<\/p>\n
– Bitcoin has managed to decouple from its positive correlation to stocks, which is seen as a bullish signal for the cryptocurrency.<\/p>\n
– This article does not provide investment advice and readers should conduct their own research before making any investment decisions.<\/p>\n","protected":false},"excerpt":{"rendered":"
<\/p>\n
Bitcoin posted a classic “Uptober,” but risk assets across the board risk a serious contraction, forecasts warn.<\/p>\n","protected":false},"author":1,"featured_media":75395,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_oct_exclude_from_cache":false,"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"categories":[15],"tags":[47],"class_list":["post-75394","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin"],"yoast_head":"\n