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via CoinDesk · By CoinDesk Staff

BTC price prediction: This model puts bitcoin's fair value at $224,000

BTC

BTC/USDT

$63,008.57

-0.07%

$63,008.57

-0.07%

(24s)

24h Volume

$2,191,795,759.92

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

Bitcoin

Daily

$63,013.62

▼ -0.11%

Volume (24h): -

Resistance Levels

Resistance 3$64,901.59

Resistance 2$63,880.33

Resistance 1$63,135.87

Price$63,013.62

Support 1$62,882.63

Support 2$62,275.00

Support 3$61,056.47

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):42.7

CoinDesk Staff

(01:26 PM UTC)

1 min read

Updated byEmily Watson

0 comments

Bitwise model puts bitcoin fair value at $224,000 as sovereign-default hedge

The figure is from a theoretical model proposed by Greg Foss in 2021 that treats bitcoin as a credit default swap on G20 sovereign bonds.

A monthly research report from Bitwise's European arm published this week pegs bitcoin's theoretical "fair value" at roughly $224,000 if the asset were widely adopted as portfolio…

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Source

CoinDesk Staff · CoinDesk

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