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GMI Model Estimates Bitcoin Fair Value At $300K By October 2021

Amy Liu

Summary: Bitcoin price has held on tightly to support at $30,000, and according to Raoul Pal’s Global Macro Investor Report, the leading cryptocurrency by market cap could 10x from there by October 2021. GMI’s model uses Metcalfe Value to make the prediction, but currently Bitcoin is tracing significantly below its Metcalfe Value. By Amy Liu

Bitcoin price has held on tightly to support at $30,000, and according to Raoul Pal’s Global Macro Investor Report, the leading cryptocurrency by market cap could 10x from there by October 2021. GMI’s model uses Metcalfe Value to make the prediction, but currently Bitcoin is tracing significantly below its Metcalfe Value.

By Amy Liu

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