What is the fair value of #btc ?

In my opinion, the bottom price of BTC should not have fallen below 40-45 thousand $. If you ask why it fell, I would say it was mostly manipulative effects. So, the luna and ftx events were carefully calculated things. Of course, not completely, but if you gain enough momentum, you just need to stand aside and watch for what you want to happen. Another factor is futures markets. With big money, you can easily bend a market that is still in its infancy in low-volume environments. The fact that futures ETFs are approved but spot ETFs are not is evidence of this. Why, when, where and by whom it was first created are facts that can be found with a little effort. Yes, you can ask this. What's wrong with the futures markets? These are the things that support fair price formation. Of course, there is no problem with this, but if you try to give a deliberate direction, you can easily create problems here with big money. Or, by not approving spot ETF transactions, you show your bias. Additionally, you can suppress the price if you use the power of the media to create bans, terror-related bogeys, etc. in the dominant media. You can suppress the price with your so-called grand master traders etc. who whisper to the numbers.