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Is Bitcoin Cheap or Expensive: Famous Analyst Timmer Shared Fair Price Range! - Coin Bulletin
Famous analyst Jurrien Timmer noted an increase in investor demand for Bitcoin and activity in futures trading.
Renowned financial analyst Jurrien Timmer emphasized that the investor interest in Bitcoin continues to grow.
Timmer specifically noted a strong momentum in investments in exchange-traded products (ETPs) based on Bitcoin, and highlighted that this trend is one of the main factors supporting the rise in Bitcoin prices.
Timmer also noted that not only cash flows but also the amount of open positions in the futures market is rapidly increasing. He emphasized that this increase is particularly driven by hedge funds and leveraged speculators.
Regarding the valuation of Bitcoin, Timmer expressed that the expanding network effect of this asset is strengthened by economic dynamics such as real interest rates and money supply. Timmer said that in light of these factors, Bitcoin is currently within a fair value range.
These evaluations once again highlight the increasing interest of investors in the future potential of Bitcoin and the market volatility.