Famous analyst Jurrien Timmer stated that investor demand for Bitcoin and futures activity have increased.
Famous financial analyst Jurrien Timmer emphasized that investor interest in Bitcoin continues to increase.
Timmer stated that investments in Bitcoin-based exchange-traded products (ETPs) have gained strong momentum and that this trend is one of the main factors supporting the rise in Bitcoin prices.
Timmer also noted that not only cash flows but also open interest in the futures market has been rapidly increasing, driven primarily by hedge funds and leveraged speculators.
Regarding Bitcoin’s valuation, Timmer stated that the asset’s expanding network effect is strengthened by economic dynamics such as real interest rates and money supply. In light of these factors, Timmer said that Bitcoin is currently within the fair value range.
These evaluations once again reveal the increasing interest of investors in the future potential of Bitcoin and the volatility in the markets.
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