SkyBridge Capital founder Anthony Scaramucci says that Bitcoin is way below its actual fair value by 70%, and that the bottom is likely already in for the king crypto.
In a new interview with MarketWatch, the veteran hedge fund manager says his firm’s metrics put the current Bitcoin value at roughly $40,000 per coin.
“We believe that the leverage has been blown out of the system. I don’t think it’s going below the low that was reached for this cycle, which would be at around $17,500.
According to our fair market value metrics based on adoption, wallet size, use cases, growth of wallets, we think the fair market value for bitcoin right now is about $40,000.”
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