Famous CEO Announces Bitcoin’s Fair Value, He Said We Are Net Buyers In BTC And This Altcoin!

who could not make a good start to 2022 Bitcoin (BTC) and cryptocurrencies experienced sharp declines.

which is a long way off from its $69,000 ATH in November 2021. bitcoin It went up in July.

Continuing its horizontal movements at the level of $ 23,000 BTCAccording to CoinGecko data, it has gained 10% in the last 7 days and stands at $ 23,389.

Known for supporting cryptocurrencies, especially Bitcoin Anthony Scaramucci, founder and CEO of SkyBridge Capital, He spoke to MarketWatch.

“Bitcoin Bottom Found!”

Scaramucci said that after crypto companies Three Arrows, Celsius and Voyager went bankrupt, he believes the worst of the bear market in cryptocurrencies has passed. “Bitcoin has already bottomed” said.

Expressing the opinion that it is possible for Bitcoin to fall further, the famous CEO continued his words as follows:

“We believe the leverage of the system has been cleared.

In this context, I do not think that the level around $ 17,500 in the current cycle is the lowest level for the current cycle and will not fall below this level.

Based on data based on BTC adoption, number of wallets, use cases, and wallet growth, and our fair market value metrics, we currently think the fair market value for Bitcoin is around $40,000.”

Ethereum (ETH) and bitcoinReiterating his belief in , Scaramucci stated that he does not expect BTC to rise immediately given the current market conditions.

“We are net buyers of BTC and ETH as cash inflows increase into our funds.

Because we think these are fundamentally undervalued and technically oversold.

But still, given the macroeconomic uncertainties, we do not expect the price of Bitcoin to rise directly. Because these are volatile assets.”

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