Bitwise’s European head of research, André Dragosch, said that the fair value of #Bitcoin is US$197,000—far above its current price. The valuation model used by Dragosch directly links Bitcoin’s performance to the evolution of global liquidity and monetary conditions—variables that determine the pulse of assets with limited supply.
The strategist has focused on how quickly yields on 10-year US Treasury bonds are rising and how pullbacks in traditional equity markets could force the Fed to pivot toward easing, driving capital flows into crypto assets.
The analysis also aligns with market dynamics showing a sustained outflow of BTC from exchanges, indicating strong accumulation pressure from long-term investors and a smaller liquid supply available for immediate sale.
The strategist has focused on how quickly yields on 10-year US Treasury bonds are rising and how pullbacks in traditional equity markets could force the Fed to pivot toward easing, driving capital flows into crypto assets.
The analysis also aligns with market dynamics showing a sustained outflow of BTC from exchanges, indicating strong accumulation pressure from long-term investors and a smaller liquid supply available for immediate sale.
