Cathie Wood’s ARK Invest Adds Bitcoin MVRV Indicator Inventor


Vladislav Sopova

David Puell, a pioneer of Bitcoin (BTC) on-chain analysis, joins ARK Invest as crypto researcher

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David Puell joined ARK Invest: detailsARK’s $1 Million Per BTC Prediction Is Still Intact

ARK Invest, a legendary investment fund focused on disruptive technology innovations, adds one of the most prominent Bitcoin (BTC) on-chain analysts as its crypto researcher.

David Puell joined ARK Invest: details

David Puell, who is the author of the indicators of the Puell Multiple and Bitcoin Market-Value-to-Realized-Value (MVRV) Ratio, has taken to Twitter to share the details of his new role.

In the coming days, Mr. Puell will start as a crypto and on-chain researcher at ARK Invest, a top-tier investment firm curated by the segment’s heavyweight Cathie Wood.

Mr. Puell is confident that in his new role, he will push the barriers of on-chain analysis for Bitcoin (BTC), the flagship cryptocurrency.

Puell even changed his Twitter handle from @kenoshaking to @dpuellARK.

Bitcoin (BTC) and Web3 veterans Nic Carter, Anthony Pompliano, Luke Martin, Nathaniel Whittlemore, Charles Edwards and others congratulated Mr. Puell on this new phase of his career.

ARK’s $1 Million Per BTC Prediction Is Still Intact

David Puell is known as the author of two indicators: Puell Multiple and BTC MVRV. The first is calculated by dividing the USD-denominated daily issuance value of BTC by the 365-day moving average of the daily issuance value. It characterizes the earnings of miners.

The Market-Value-to-Realized-Value (MVRV) oscillator is an important valuation metric: it is calculated by dividing the market value by the realized value. It allows users to estimate whether Bitcoin (BTC) is currently overbought or oversold.

As previously described by U.Today, ARK Invest made headlines in January by sharing its forecast of $1,000,000 per Bitcoin (BTC). According to the team, Bitcoin (BTC) could reach this huge price by the year 2030.



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