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Bitcoin could be significantly undervalued against global liquidity; Bitwise sees $197,000 fair value

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  • André Dragosch says Bitcoin’s liquidity-based fair value is $197,000.
  • $197,000 is more than twice Bitcoin’s current price, Bitwise research says.
  • Bitcoin’s S&P 500 correlation is lowest since 2015, while gold correlation reaches a six-year high.
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