Bitwise CEO: The rise in Bitcoin prices will not trigger concerns similar to overvalued stock valuations】CoinChain Express reported that Bitwise Invest CEO Hunter Horsley stated that Bitcoin reached a historic high this week, but did not raise investor concerns about overvaluation like stocks do.
"Bitcoin is different," he explained, "when a company's stock 'rises, the price-to-earnings ratio also rises, and at some point, people will say 'this is overvalued,' and then they will become less interested until the price drops.'
Horsley added that without the same financial performance metrics, 'when Bitcoin's price rises, people will think it is more likely to succeed, and therefore it is more valuable, so it is likely to rise further.'
