Bitwise executive: The fair value of Bitcoin is $197,000

According to Bitcoin Magazine, Bitwise's André Dragosch stated that the fair value of Bitcoin is $197,000. He also provided a rule of thumb for assessing the risk of 10-year U.S. Treasury yield: when the yield rises by 80 basis points within 20 trading days, the market will enter a danger zone.

Dragosch pointed out that the speed of the yield increase is more important than its absolute level. He believes that once the stock market experiences a correction, it may force the Federal Reserve to shift to an easing policy, and this shift could become the last domino before Bitcoin truly enters a bull market.