Bitwise Executive Claims Bitcoin's Fair Value is $197,000

André Dragosch from Bitwise stated that the fair value of Bitcoin is $197,000. He pointed out that the rule of thumb indicating a rise of 80 basis points in the yield of 10-year U.S. Treasury bonds suggests that the market is entering a danger zone. Dragosch emphasized that the speed of the yield increase is more important than its absolute level. He believes that a stock market correction could force the Federal Reserve to shift towards a looser monetary policy, which may become the last domino in the Bitcoin bull market.

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