Bitwise: Bitcoin Remains Undervalued, Ethereum Faces Challenges

Bitwise has released its latest report examining the current state of Bitcoin, Ethereum, and gold. The firm finds that despite increased global liquidity fueled by government stimulus and monetary easing, Bitcoin remains significantly undervalued relative to its peers. According to Bitwise’s model, Bitcoin’s fair value is estimated at $270,000, while gold is trading approximately 75% above its intrinsic value.