$BTC Bitwise Analysts: "fair value" of Bitcoin could reach 230,000 dollars

Trump's tax cuts and rising U.S. debt fuel Bitcoin's rise as a hedge against sovereign default risks, potentially pushing the price towards 200,000 dollars or more by 2025.

Bitwise predicts that Bitcoin could reach 200,000 dollars by the end of the year, with a possible "fair value" of 230,000 dollars.

The proposed tax cuts by Trump and the increase in U.S. debt position Bitcoin as a safe haven against sovereign default risks.

The OTT signal for Bitcoin suggests strong momentum after a drop to 100,000 dollars.

$BTC could surpass 200,000 dollars by the end of the year and eventually reach its estimated "fair value" of 230,000 dollars, according to Bitwise researchers André Dragosch and Ayush Tripathi.