#BTC Yardstick at –1.6σ = Bitcoin is insanely cheap.The Yardstick compares BTC’s price with how powerful and expensive the network is to run.Right now, the network is stronger than ever, but the price doesn’t reflect it — this gap has only shown up when Bitcoin was badly undervalued. Other occurrences that came close: • 2022 bear market low • 2020 COVID crash bottom • 2017 pre-blow-off base • 2011 bear market bottom(Gert van Lagen)