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Crypto Update | Bitcoin Is 'Significantly Undervalued Today': Off the Chain Capital CEO
Markets Daily Crypto Roundup
Bitcoin's Potential Future Value & Market Dynamics
Bitcoin is currently undervalued and is expected to see increased value due to factors like halving pressure, supply shock, and potential retail interest driving the price up. The existing tradable Bitcoin in the market is limited due to holders not selling, creating a thin market where ETFs and institutional investors acquiring Bitcoin could lead to a premium on its price. This scarcity could prompt more sellers to offer their Bitcoin, increasing its price in the next year or two despite a current slowdown in ETF inflows, which is considered normal in the initial stages of ETF launches.
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