Bitwise model puts bitcoin fair value at $224,000 as sovereign-default hedge
Hex37's read
- Bitwise model estimates Bitcoin's fair value at $224,000.
- Model treats Bitcoin as a credit default swap on G20 bonds.
- Concept proposed by Greg Foss in 2021.
What it means for traders
- This valuation suggests significant upside potential for BTC if the model holds.
- Market participants may view BTC as a hedge against sovereign debt risks.
Affected markets
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