The Puell Multiple is calculated by dividing the daily issuance value of bitcoins (in USD) by the 365-day moving average of the daily issuance value.

Values greater than 4 indicate a possible maximum and values less than 0.4 indicate a possible minimum.

The periods in which the value of Bitcoin issued daily has been low has meant good benefits for Bitcoin investors who purchased.

Periods where the daily issuance value has been high has provided profits for Bitcoin investors who sold.