• Thomas J. Lee
    Bitcoin,  People

    Wall Street’s biggest bitcoin bull unveils “Bitcoin Misery Index”

    Buy when the bulls are miserable, sell when they’re satisfied

    The “bitcoin misery index” is the newest stat for crypto traders to agonize over. This financial metric was designed by Fundstrat Global Advisors co-founder and famous bitcoin megabull Thomas Lee. It claims to predict when to buy or sell bitcoin by ascribing a number to how “miserable” it is to own bitcoin at any given moment. The index does this by measuring the 90-day consistency of bitcoin’s price and a few other variables, then spitting out a misery number between 0 and 100. The guideline is to buy when the index is below 27 (investors are trending miserable) and to sell when the index is above 67 (investors are trending…