Based on BitcoinWorld, a report from asset manager Bitwise suggests Bitcoin is trading at a 66% discount to its fair value, while gold is overvalued by 75%. The firm's liquidity model estimates Bitcoin's fair value at $270,000, significantly higher than its current price. The analysis attributes this valuation gap to a surge in global liquidity, including $1.9 trillion in U.S. Treasury issuance, $110 billion in Japanese fiscal stimulus, and over 320 interest rate cuts worldwide. Bitwise highlights a divergence between Bitcoin and gold, with the latter trading above its fair value based on the same metrics. The report suggests that Bitcoin's price may eventually reflect the unprecedented liquidity expansion, creating an asymmetric investment opportunity.
Bitwise Report Suggests Bitcoin Is 66% Undervalued Amid Global Money Printing
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