The “Buffett Indicator” has hit levels unseen since the dot-com bubble, and Bitcoin could see a major reaction in the event of a major crash in stocks.Does this provide any glimpse into Bitcoin’s long-term trend?According to Tom Essaye, the founder of Sevens Report Research, stocks are considered as “fundamentally overvalued” when the Buffett Indicator hits 1.3. The current level of 1.7 indicates that there is a potential for a steep downtrend in the stock market if the trend reverses. He explained: via /r/Bitcoin https://bit.ly/34ns3lH
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