Bitcoin Is Wildly Undervalued, Says Bitwise: ‘Fair Price’ Today Is $230,000

Bitcoin’s current price might be a steal, according to Bitwise Asset Management. Their research team crunched the numbers and concluded that Bitcoin’s "fair value" should be around $230,000—way higher than its current trading price. They argue that the market isn’t fully accounting for Bitcoin’s potential, especially with global economic risks like sovereign defaults in play.