Bitwise: the fair price of bitcoin is $ 200,000

Analytical company Bitwise has estimated the fair value of bitcoin BTC $104,232.46 Bitcoin 0.51% Market capitalization $2.07 trillion VOL. 24 hours $3.11 billion at more than $ 200,000. In their report, the experts explained this forecast by the peculiarities of demand and limited supply of cryptocurrency.

According to the analysts, the key factor is the fixed issue of bitcoin — 21 million coins. This limitation, combined with the growing interest of institutional investors, creates conditions for a significant price increase in the long run.

Other reasons include economic instability, inflationary risks, and an increase in the number of companies integrating bitcoin into their business models. The analysts also note that the growth of regulatory clarity in many countries is contributing to increased confidence in cryptocurrencies.

Bitwise’s forecast is based on a scenario in which bitcoin gradually acquires the status of «digital gold.» If its acceptance continues to grow, it could become the main tool for preserving capital in the face of global financial instability.

This assessment has caused a stir in the crypto community. Optimists believe that such forecasts only confirm the huge potential of bitcoin, while skeptics emphasize the risks associated with the high volatility of the cryptocurrency market.