Tether adviser says bitcoin massively undervalued as ETF
Tether adviser Gabor Gurbacs said bitcoin is "massively undervalued" at $64,000-$65,000, citing a changed market structure with spot ETFs and clear regulations. Spot bitcoin ETFs saw net inflows of $226.92 million on July 20, with total net assets near $7.92 billion. Gurbacs argued real price discovery will begin after leveraged demand is flushed out.
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