Summary
- Bitwise projected that Bitcoin (BTC)'s fair value could reach a maximum of $230,000 by year-end.
- It was analyzed that Bitcoin's scarcity and resilience could enjoy unique benefits amid uncertainty in the U.S. economy and market sentiment instability.
- If Bitcoin's upward trend continues, it is stated that the actual trading price could reach $200,000 by year-end.
Digital asset management firm Bitwise stated in its weekly report that "Bitcoin (BTC) could reach a fair value of up to $230,000 by the end of this year."
On the 10th (local time), crypto-specialized media outlet Cointelegraph reported that Bitwise analysts stated, "Bitcoin's scarcity and resilience may uniquely benefit from the uncertainty in the U.S. economy and instability in market sentiment."
They added, "If this trend continues, Bitcoin is likely to see a marked upward trend by the end of the year," and "In this case, the estimated fair value of Bitcoin may reach $230,000, and its actual trading price could reach $200,000 by year-end."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.![[Market] Bitcoin breaks below $68,000 as losses deepen](https://media.bloomingbit.io/PROD/news/3a08fe32-6a33-4a62-bb89-4afb5c5399ca.webp?w=250)
![[Market] Bitcoin breaks below $70,000… Korea premium at 0.31%](https://media.bloomingbit.io/PROD/news/74018332-717e-4495-9965-328fe6f56cb4.webp?w=250)
