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Analyst Claims That Fair Value Of Bitcoin Is Not Set Right Yet

Analyst Claims That Fair Value Of Bitcoin Is Not Set Right Yet

Submitted by • October 24, 2020 cryptobusinessworld.com

A well-known analyst from Bloomberg cryptocurrency says the value of bitcoin is not fairly set. Mike McGlone who has been part of Bloomberg cryptocurrency claimed that bitcoin has been undervalued. He further ads in his claim that its fair value needs to be somewhere close to $15,000. The price of the Bitcoin over the past few years has been up and down. It clearly shows that the value has been floating between $10,000 and $12,400 over some time. Besides, this tumbling has resulted to some pundits claiming it to be a fake breakout.

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