Is Bitcoin worth $172,000? Investors say Bitcoin is undervalued by 95% amid rising metal prices.
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According to a report by Bijie Network: Investor Mike Alfred asserts that bitcoin is "severely undervalued." After re-evaluating with 46 different models, he believes the fair price of bitcoin is close to $172,000. This stands in stark contrast to the widely held market view that bitcoin's value is around $67,000, which is its network security cost. As gold and silver prices continue to hit record highs, this debate is intensifying. Analysts point out that the shift in gold's volatility suggests its price may be entering a phase of more rapid growth.
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