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Bitcoin (CRYPTO: BTC) could be significantly undervalued relative to global liquidity, with an equilibrium price of $197,000 being the fair value, Bitwise’s Director and Head of Research André Dragosch argued on Tuesday. Is a Fed Pivot The Next Major Catalyst for BTC? Speaking to Bitcoin Magazine on Sept. 29, Dragosch
Bitwise research head Andre Dragosch said on a podcast Monday that the Bitcoin-gold correlation has reached a six-year high, arguing institutions are now buying both as debasement hedges rather than separate trades.