Community Articles
via Cointelegraph · By Cointelegraph Staff
Bitcoin Fair Value Closer To $224K Based On Debt Risk Model: Bitwise
BTC
BTC/USDT
$63,008.56
-0.07%
$63,008.56
-0.07%
(24s)24h Volume
$2,192,733,227.27
24h H/L
$63,175.00 / $62,946.58
Change: $228.42 (0.36%)
Long/Short
68.0%
Long: 68.0%Short: 32.0%
Funding Rate
+0.0019%
Longs pay
Data provided by COINOTAG DATALive data
CS
Cointelegraph Staff(07:28 PM UTC)
1 min read
New reporting from Bitwise suggests that Bitcoin's (BTC) undervaluation could expand if investors' concerns over sovereign debt deepen. The asset management firm said that mounting pressure in global bond markets and rising government debt levels could strengthen Bitcoin's role as a hedge against macroeconomic risks, with one valuation model suggesting a theoretical fair value of $224,000.
De…
Add COINOTAG as a Preferred Source
Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.
Add on GoogleComments
Comments