Bitwise model puts bitcoin fair value at $224,000 as sovereign-default hedge

A new model from Bitwise Asset Management estimates that Bitcoin's fair value could reach $224,000, positioning it as a hedge against potential sovereign defaults. The analysis suggests that as governments grapple with rising debt levels and economic instability, Bitcoin's decentralized nature and limited supply make it an attractive alternative for investors seeking security. The model considers various economic indicators and historical data, highlighting Bitcoin's resilience during financial crises. This valuation underscores the growing perception of Bitcoin not just as a speculative asset, but as a viable tool for wealth preservation in uncertain times.