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Hedge Fund CEO: The current trading price of Bitcoin is far below its actual fair value



Time:8/4/2022 12:02:02 PM

[Hedge Fund CEO: The current trading price of Bitcoin is much lower than its actual fair value] According to news on August 4, Hedge Fund CEO Anthony Scaramucci once said that the current trading price of Bitcoin is far lower than its actual fair value, and Emphasizing that Bitcoin may have bottomed out. In an interview, the senior hedge fund manager said that BTC is currently undervalued by his firm’s standards, with an actual value of close to $40,000. Bitcoin is currently selling for about $23,000, which, in Scaramucci’s view, is well below 70% of its true value.

Scaramucci also analyzed Bitcoin's bottom in this cycle, emphasizing that the well-known cryptocurrency is highly unlikely to drop below $17,500, which could be the area. He also analyzed the acceptance, use case, wallet size, wallet growth, and other aspects of this particular cryptocurrency, taking into account his company's metrics to determine that Bitcoin's current fair market value is close to $40,000.

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