Early bitcoin investor and podcast host
Trace Mayer
Trace Mayer is an early bitcoin investor and the host of the Bitcoin Knowledge Podcast. He holds accounting and law degrees, including a JD from California Western School of Law. He introduced the Mayer Multiple, bitcoin's price divided by its 200-day moving average, around 2017.
What they argue
- Comparing bitcoin's price with its 200-day moving average shows whether the price is historically cheap or stretched.
- In his historical simulations, buying bitcoin whenever the multiple was below 2.4 gave the best long-term results. Readings of 2.4 or more marked speculative bubbles.
Sources
Bitcoin Knowledge: About Trace MayerThe Investor's Podcast TIP252: Trace Mayer (2019)Newhedge: Bitcoin Mayer Multiple
Summaries are Be The Puck's paraphrase of public material. Be The Puck has no affiliation with the people listed.
Mayer Multiple below 2.4
Rule and full recordMean reversion · daily
Price divided by its 200-day average. Mayer found buying bitcoin below 2.4 worked best; above that was bubble territory.
In right now375 of 377As of the Oct 13, 2026 close.
Best risk-adjusted results against buy and hold: