How big is the bubble of everything? -Bitcoin Magazine


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The following is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine premium markets newsletter. To be among the first to receive this information and other on-chain bitcoin market analysis straight to your inbox, Subscribe now.

Shiller P/E Ratio

Much of our commentary since the start of Bitcoin Magazine Pro has focused on the relationship between bitcoin and stocks, and their reflection of the global “tide of liquidity”. As we discussed earlier, given that bitcoin’s market size relative to US stocks is tiny (the current market capitalization of US stocks is around $41.5 trillion, compared to $452 billion for bitcoin). Given the trending market correlation between the two, it’s worth asking how over/undervalued the stocks are relative to historical values.

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