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

[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.

Other news:

Line Next, an NFT subsidiary of Line, completed a strategic financing of US$10 million. The financing was participated by Softbank, NAVER, NAVERWEBTOON, NAVERZ, LINE Games, CJENM, YG PLUS, SHIN SEGAE, Hashed, and KAuction.

These 10 companies will support the launch of Line Next's global NFT platform DOSI and the development of IP-based content-based NFT projects. Through this investment, LineNext will expand its strategic cooperation with IP content, distribution, game and entertainment companies in terms of NFT content-ethexc business and marketing docking. As previously reported, LineNext announced that it will cooperate with 26 companies including Softbank and Visa to build a global NFT ecosystem. (linepluscorp.com) [2022/7/13 2:09:48]

Security team: The discord of Psychedelic NFT was attacked: News on April 12, the BlockSec alarm system found that the discord of Psychedelic NFT was attacked at 13:50 pm on April 12, please do not click the link in the latest announcement, the project party is Do rescue. [2022/4/12 14:19:50]

Hashed purchased US$350,000 of SUSHI in July: Hashed, a South Korean encryption investment institution, stated on Twitter that it had purchased US$350,000 of SUSHI in the open market in July, and met with the SushiSwap team at its Seoul office that month and Discussions were held on long-term cooperation. In addition, Hashed stated that it will practice the concept of long-term investment, and is actively promoting the connection between Terra and SushiSwap ecology to help the development of the two project communities. [2021/8/18 22:21:20]