What Bitcoin Did IS THE BITCOIN BULL MARKET OVER? W/ Rational Root
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Feb 6, 2025 Rational Root, a savvy Bitcoin on-chain and cycle analyst, dives deep into the current Bitcoin landscape. He discusses why institutional adoption is still in its infancy and highlights on-chain metrics hinting at potential growth. The conversation touches on the emotional reactions of both institutions and retail investors amid market fluctuations. Trump’s policies and their impact on Bitcoin are also explored, alongside the dynamic future of Bitcoin as both a risk asset and a store of value, with a cautiously optimistic outlook for the upcoming cycles.
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Bitcoin Valuation
- Bitcoin's fair price is currently around $75,000, based on on-chain metrics like Realized Cap and available supply.
- The current price of $98,000 suggests Bitcoin is overvalued, but not excessively so compared to past cycles.
Market Impact of Tariffs
- Trump's tariffs caused market uncertainty, affecting both stocks and Bitcoin.
- The dollar's strength following the tariffs might be contributing to Bitcoin's negative price action.
Bitcoin as a Risk Asset
- Bitcoin is still perceived as a risk asset due to its volatility.
- This perception may change as institutional adoption grows and understanding improves.