Bitcoin: 30% Discount to Nasdaq Reflects Potential for Price Rise

Bitcoin is currently trading at a significant discount of approximately 30% compared to its Nasdaq-implied fair value. This discrepancy, according to experts, could signal an opportunity for future price rallies as historical patterns suggest Bitcoin tends to align with equity valuations during similar periods. Ecoinometrics reveals that the valuation stands at approximately $156,000, while spot prices hover near $110,000, highlighting Bitcoin’s potential upside. This undervaluation reflects a divergence from tech equities as of October 2023.