Community Articles

via CoinDesk · By CoinDesk Staff

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

BTC

BTC/USDT

$63,247.24

-0.66%

$63,247.24

-0.66%

(24s)

24h Volume

$18,653,719,075.66

24h H/L

$63,896.62 / $62,272.07

Change: $1,624.55 (2.61%)

Long/Short

65.9%

Long: 65.9%Short: 34.1%

Funding Rate

-0.0005%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,242.63

▲ 0.45%

Volume (24h): -

Resistance Levels

Resistance 3$68,191.60

Resistance 2$66,503.51

Resistance 1$64,148.36

Price$63,242.63

Support 1$61,863.84

Support 2$59,130.91

Support 3$52,679.32

Pivot (PP):$62,991.36

Trend:Downtrend

RSI (14):36.2

CoinDesk Staff

(01:26 PM UTC)

1 min read

Updated byEmily Watson

838 views

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…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

Add COINOTAG as a Preferred Source

Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.

Add on Google

Source

CoinDesk Staff · CoinDesk

Read original →

Live BTC price →More BTC news →

Comments