🤔 $BTC #CryptoQuant : If someone tells you that Bitcoin is a bubble, show them this chart. The current Bitcoin Price to Earnings (P/E) Ratio is 1.9, with a peak cycle at 4, and a market bottom below 1.

Examples of inflated multipliers:

- NVIDIA P/E = 62

- Apple P/E = 34

- Meta P/E = 24