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RE: Is $25,000 A fair value for bitcoin?
hi buddy
I don't understand people who say things like '25k is fair value for bitcoin'.
How anyone can tell what fair value of an asset it? Especially since we're only entering price discovery mode as Bitcoin is recognized more and more as legal asset. Which finally allows more institutions and (hopefully soon ) also goverments to stock up with BTC.
One could argue that 25k WAS fair value in the past. When only retail has been involved.
To be fair, the analyst made this statement when Bitcoin was trading around $50k and before Bitcoin ETFs were a thing. However, seeing how wrong they are makes its even clearer that it is impossible to set a value for an asset like Bitcoin.
the market decides, $25K or $500K