The Bitcoin Misery Index (BMI) is a tool used by traders and investors to measure the overall sentiment of the bitcoin market. The purpose of this index is to provide critical insights into how miserable or happy the bitcoin holders may be based on the current market conditions.
What is the Bitcoin index?
The Bloomberg Galaxy bitcoin Index ("Index") is designed to measure the performance of a single bitcoin traded in USD. The index is owned and administered by Bloomberg Index Services Limited ("BISL" or "Administrator") and is co-branded with Galaxy Digital Capital Management LP ("Galaxy").
Is there a misery index?
The misery index — the sum of the unemployment rate and the inflation rate — is ending 2023 at 6.8%. That's its lowest point since the pandemic hit in March 2020 and well below the 8.3% average for the century to date.
What is the highest misery index?
In 2022, Zimbabwe was ranked as the most miserable country in the world with a misery index score of 414.7.
Is there a Bitcoin index Fund?
A secure way to get diversified exposure to bitcoin and leading cryptocurrencies. The Fund seeks to track an Index comprised of the 10 most highly valued cryptocurrencies, screened and monitored for certain risks, weighted by market capitalization, and rebalanced monthly.
What is the misery index of bitcoin?
What Is the Bitcoin Misery Index (BMI)? The Bitcoin Misery Index (BMI) is a measurement of Bitcoin's price action. It ranges from 0 to 100 and uses contrarian economic indicators—in which opportunities move opposite of conventional indicators.