Charles Schwab Head of Crypto Research Jim Feroli on Tuesday said that Bitcoin (CRYPTO: BTC) typically faces seasonal weakness during the summer but could benefit from a year-end rally as risk appetite improves.
Fair BTC Valuation At $95,000
Speaking with CoinDesk, Feroli estimated Bitcoin’s fair value at around $95,000, based on the production costs of the least-efficient miners, while efficient miners currently produce Bitcoin at a rough price of $60,000.
He emphasized that Bitcoin’s supply-constrained nature means relatively modest inflows could drive significant price gains, particularly if regulatory clarity improves and institutional adoption accelerates.
Feroli predicts that prices could get there maybe in six months or don’t know when as it does not take a lot of flow to "move the needle on Bitcoin."
