According to Bitwise, traditional finance advisors are showing a clear preference for stablecoins and asset tokenization over Bitcoin in recent discussions.
Bitwise research suggests Bitcoin is acting as a 'canary in the coal mine,' indicating a wider market shift towards risk-off sentiment despite high global liquidity.
Bitwise's model, rooted in Greg Foss's theory, values Bitcoin at $224,000, seeing it as a crucial hedge against G20 sovereign debt defaults.
Bitwise's Matt Hougan suggests that as AI stocks capture investor attention, cryptocurrency is becoming a contrarian bet, demanding a focus on fundamentals.
A new report from Bitwise suggests Bitcoin's fair value could reach **$224,000** as mounting sovereign debt risks bolster its long-term investment appeal.
Bitwise has finalized its acquisition of Superstate's $259 million tokenized fund, integrating crypto carry trades with Treasury and digital asset exposure.