Citing CryptoSlate, Bitcoin is currently trading at a 30% discount to its Nasdaq 100-implied fair value of $156,000, with spot prices hovering around $110,000. Historical data suggests such a gap often precedes a significant price rally. The last time this occurred was in 2023, before a major market upswing. Analysts note that leverage has been flushed from the market, and with Bitcoin fundamentals strong, a rally before year-end is possible. Meanwhile, gold’s recent momentum appears to be waning, with some investors shifting toward high-beta assets like Bitcoin.
Bitcoin Trades at 30% Discount to Nasdaq-Implied Fair Value of $156,000
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