Bitcoin (BTC), Fair Value '$105,000'...Expert "It's a Bargain Sale Now"

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An analysis suggests that Bitcoin (BTC)'s fair value could reach $105,000. The long-term price increase is programmed into the network itself due to the supply reduction mechanism caused by halving events. The current market price is assessed as a bargain sale period, significantly undervalued compared to its intrinsic value.

According to Benzinga on September 18 (local time), Mark Yusko, founder and CEO of global asset management firm Morgan Creek Capital Management, pointed out in an interview with a specialized Bitcoin media outlet that the long-term uptrend is built into the network's supply structure. He noted that if the price does not rise after a halving event, which reduces supply by half, half of the miners would inevitably go bankrupt. CEO Yusko emphasized, "When mining rewards decrease, an upward escalator naturally activates for the price."

The specific fair value, based on a network valuation model, is around $105,000. CEO Yusko cited analyst Timothy Peterson's network value model. He stated, "The fair value of Bitcoin is approximately $105,000, but it is currently trading around $75,000," adding, "The current price is clearly in a discount zone." He explained that market cycles typically start with long-term investors accumulating undervalued assets, followed by momentum inflow, miner selling, excessive leverage, and finally, a sharp correction.

CEO Yusko evaluated Bitcoin as a 'better form of money' and a store of value that surpasses gold in terms of scarcity, portability, and divisibility. He analyzed it as a hedging tool to defend against the real value depreciation of fiat currencies and a contributor to portfolio diversification due to its low correlation with stocks and bonds. He noted that the adoption stage of virtual assets is moving beyond the initial niche area into a phase of mainstream acceptance, where it is recognized as a long-term wealth preservation asset.

October 5th was highlighted as a date to watch for a cycle shift, marking 364 days after the peak of the previous cycle. He explained that all three past Bitcoin cycles experienced a significant trend reversal exactly 364 days after their peak. CEO Yusko predicted, "There is a high probability that the market will return to the accumulation phase of the cycle starting October 5th." He analyzed that the high-interest rate environment will curb excessive leverage, mitigating volatility, and autonomous value growth will continue regardless of regulatory legislation.

While the rate of increase may slow as market capitalization grows, the expansion of network adoption is the intrinsic driving force behind long-term value. As Bitcoin integrates into the institutional framework, volatility is easing, and a real demand base is taking root, making the trend of Bitcoin establishing itself as an alternative to traditional financial assets increasingly clear.

[Article Key Summary]

-Mark Yusko, CEO of Morgan Creek Capital, analyzed that Bitcoin (BTC)'s fair value is $105,000, and the current price represents an undervalued buying opportunity.

-Price increases are programmed according to the halving supply structure, highlighting it as a next-generation store of value that surpasses gold.

-It is observed that the market will re-enter a new accumulation phase starting October 5th, which is 364 days after the peak of the past cycle.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*