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MARKETS DAILY: Crypto Update | Bitcoin Is 'Significantly Undervalued Today': Off the Chain Capital CEO
Apr 29, 2024
Off the Chain Capital CEO Brian Dixon discusses why bitcoin is undervalued, the potential impact of Russia's crypto ban, and the launch of a spot ETF in Hong Kong. The podcast also explores Bitcoin's bullish future, correlation with traditional markets, and the DTCC's stance on Bitcoin ETFs.
15:21
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Quick takeaways
- Spot Bitcoin ETFs in Hong Kong and Australia are bullish signals for the market, indicating new regulated exposure opportunities.
- Bitcoin is deemed significantly undervalued based on various models, foreseeing substantial price growth in the near future.
Deep dives
Hong Kong and Australia ETFs Indicating Bullish Prospects
The launch of spot Bitcoin ETFs in Hong Kong and potential approval in Australia are signaling bullish opportunities for the crypto market. With Hong Kong ETFs expected to attract around $25 billion and Australia gearing up for their own ETF, new markets are opening up for regulated exposure to Bitcoin, indicating positive trends.
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