Bitcoin

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<div class="watcher-guru"> 
 <p>A few hours ago, Bitcoin dropped below the $26,000 threshold and created a low of around $25,987. However, many in the community believe that BTC’s “fair value” is much higher. According to Mark Yusko, founder and CEO of&nbsp;Morgan Creek&nbsp;Capital Management, the largest crypto asset “fair value” currently stands at $100,000, despite its market price hovering around $25,000–$26,000.</p> 
 <p>Using past precedents, Yusko pointed out that Bitcoin’s value increased from $100 to $1,000 and then from $1,000 to $10,000 following <a rel="dofollow" title="halving" href="https://thebittimes.com/tag/halving.html">halving</a> cycles in the past. In fact, he labeled these surges “parabolic blow-off tops.”</p> 
 <p><strong>Also Read: Bitcoin ROI ‘Close’ to Tesla, Nvidia</strong></p> 
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 <h3 class="wp-block-heading" id="h-holding-bitcoin-has-been-profitable-86-of-the-time">Holding Bitcoin Has Been Profitable 86% of the Time</h3> 
 <p>At the beginning of September, UTXO Management’s Dylan LeClair pointed out that a major chunk of BTC’s circulating supply remains untouched. Specifically, in the one-month timeframe, only 5.4% of the circulating supply was moved. This marked an all-time low figure. Contrarily, 94.6% of the supply was dormant. The Morgan Creek executive also re-asserted that the majority of Bitcoin’s supply is either dormant or held by long-term investors.</p> 
 <p>The executive expected that spot BTC ETFs would receive regulatory approval either by the end of 2023 or the beginning of 2024. This development will likely trigger a significant capital inflow into the market. According to Yusko, the market could see an influx of around $300 billion. In retrospect, this would considerably impact BTC’s price, given the high percentage of <a rel="dofollow" title="dormant supply" href="https://thebittimes.com/tag/dormant-supply.html">dormant supply</a> and limited free float in the market. Yusko asserted that with “$300 million on $100 million of free float, the price goes up a lot.”</p> 
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 <figure class="wp-block-image size-large">
  <img decoding="async" width="1024" height="574" src="https://cdn.thebittimes.com/images/2023/09/25/c918b4de32861c0e590bea015c0d38d7.webp" alt class="wp-image-113235" srcset="https://cdn.thebittimes.com/images/2023/09/25/c918b4de32861c0e590bea015c0d38d7.webp 1024w, https://cdn.thebittimes.com/images/2023/09/25/c918b4de32861c0e590bea015c0d38d7.webp 300w, https://cdn.thebittimes.com/images/2023/09/25/c918b4de32861c0e590bea015c0d38d7.webp 768w, https://cdn.thebittimes.com/images/2023/09/25/c918b4de32861c0e590bea015c0d38d7.webp 380w, https://cdn.thebittimes.com/images/2023/09/25/c918b4de32861c0e590bea015c0d38d7.webp 550w, https://cdn.thebittimes.com/images/2023/09/25/c918b4de32861c0e590bea015c0d38d7.webp 800w, https://cdn.thebittimes.com/images/2023/09/25/c918b4de32861c0e590bea015c0d38d7.webp 1132w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Source: Chaser
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 <p><strong>Also Read: 97.5% of New Bitcoin Investors Are at a Loss</strong></p> 
 <p>At this stage, it is interesting to note that out of the 4,787 days of Bitcoin’s existence, its holders have been in a profitable position for around 4,107 days. According to&nbsp;data&nbsp;from Look into Bitcoin, investors have relished 85.8% of profitable days so far relative to the current price.</p> 
 <figure class="wp-block-image size-large">
  <img decoding="async" width="1024" height="733" src="https://cdn.thebittimes.com/images/2023/09/25/a29a5e281485d2bf15d5a1b3c9f85d30.webp" alt class="wp-image-113237" srcset="https://cdn.thebittimes.com/images/2023/09/25/a29a5e281485d2bf15d5a1b3c9f85d30.webp 1024w, https://cdn.thebittimes.com/images/2023/09/25/a29a5e281485d2bf15d5a1b3c9f85d30.webp 300w, https://cdn.thebittimes.com/images/2023/09/25/a29a5e281485d2bf15d5a1b3c9f85d30.webp 768w, https://cdn.thebittimes.com/images/2023/09/25/a29a5e281485d2bf15d5a1b3c9f85d30.webp 1536w, https://cdn.thebittimes.com/images/2023/09/25/a29a5e281485d2bf15d5a1b3c9f85d30.webp 380w, https://cdn.thebittimes.com/images/2023/09/25/a29a5e281485d2bf15d5a1b3c9f85d30.webp 550w, https://cdn.thebittimes.com/images/2023/09/25/a29a5e281485d2bf15d5a1b3c9f85d30.webp 800w, https://cdn.thebittimes.com/images/2023/09/25/a29a5e281485d2bf15d5a1b3c9f85d30.webp 1160w, https://cdn.thebittimes.com/images/2023/09/25/a29a5e281485d2bf15d5a1b3c9f85d30.webp 1990w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Source: look into bitcoin
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 </figure> 
 <p><strong>Also Read: SBF’s Alameda Triggered Bitcoin’s 87% Crash</strong></p> 
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<div class="cs-entry__tags">
 <ul>
  <li>bitcoin</li>
  <li>btc</li>
  <li>dormant supply</li>
  <li>halving</li>
  <li>Morgan creek</li>
  <li>spot ETF</li>
 </ul>
</div> 
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/bitcoin-market-to-see-capital-influx-of-300-billion-morgan-creek-ceo-tbt63870.html">https://thebittimes.com/bitcoin-market-to-see-capital-influx-of-300-billion-morgan-creek-ceo-tbt63870.html</a></p>

Bitcoin Market to See Capital Influx of $300 Billion: Morgan Creek CEO

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