The fair value of Bitcoin that Wonyotti drew is $85,000. The current price is $86,603, which is above that level.
In his 90-day letter, he wrote this. Bitcoin is already at its fair value, but he believes there is still room to go further because the candles, trading volume, and trend are showing strong bullish signals.
He said that Ethereum and Solana are about 10% below their fair prices. Converted to the current price, that would be around $3,065 for ETH and around $132 for SOL. This conversion is based on our calculations, not his target price.
The variable he truly keeps an eye on isn’t price, but "attention."
Bitcoin has no operating profit. So the price depends heavily on attention and the demand to hold. With investment capacity limited by high interest rates right now, I think that if attention and new funds shift into stocks, the upward momentum could break sharply.
The Nasdaq looks overvalued, but he doesn’t short it. Historically, overvaluation can go even further into extreme overvaluation, and people who shorted based solely on valuation had to endure 2–3 years.
Instead, what he sees is two things: when the U.S. fiscal stance turns from growth to tightening, and Big Tech guidance being cut.
The KOSPI is extremely overvalued by past standards, but I think record-breaking share repurchases and shareholder returns are propping up that price. However, he doesn’t believe semiconductor demand lasts forever, and expects demand slowdown and competing supply around late 2027 to early 2028. So it’s more about buying and selling when it swings significantly, not long-term holding.
The takeaway sentence is this: it’s not that it drops today just because it’s overvalued, and it’s also not that the rally is over just because it has reached a fair price. Next to the price, trends, money flows, and policy need to be placed together.
This is a summary of his letter. The price is the Binance futures actual value at the time of posting. Not investment advice.
Source: https://gall.dcinside.com/mgallery/board/view/?id=chartanalysis&no=5051684