Expert Calls Bitcoin Price at $110,000 Undervalued ...Middle East

A prominent market expert says Bitcoin price is undervalued at current levels, sparking debate on its future potential. Bitcoin's price has been steadily climbing in recent days, reaching a peak of over $110,300 on July 3. Currently priced at $108,691, Bitcoin has experienced a slight dip of -0.71% in the past 24 hours but has gained 1.65% over the last 7 days.  This upward momentum in recent days has fueled discussions within the community, with notable crypto commentary provider Altcoin Daily taking a bold stance on the digital asset’s future. Bitcoin Price at $110,000 is Undervalued According to Altcoin Daily, Bitcoin’s current price level is "undervalued," with the account suggesting that the cryptocurrency has substantial upside potential.  twitter.com/AltcoinDaily/status/1940883744615026810 The assertion that Bitcoin at $110K is undervalued has sparked debate among followers, particularly about the future direction of its price. Some community members are increasingly optimistic, with some commenters even predicting that Bitcoin could hit $1 million. However, not all responses have been unequivocally positive. One commenter questioned the valuation, asking, "Undervalued at $110K? What fundamental analysis or metrics support this valuation?"  Others remained cautious, arguing that the market has yet to confirm a breakout above $110,530 and warning that macroeconomic factors such as inflation and tariffs could continue to pose risks to Bitcoin price rally. Altcoin Daily's statement aligns with other experts on the social platform X. For instance, Crypto Rover asserts that Bitcoin is currently "undervalued," also suggesting it has substantial upside potential. Bitcoin Price Undervalued | Crypto Rover The analyst points to the rising global liquidity as a key factor driving Bitcoin's price growth. With the increase in liquidity, Crypto Rover believes the Bitcoin price is poised for significant appreciation. Previous Bullish Commentaries by Altcoin Daily Notably, Altcoin Daily has been steadfastly bullish on Bitcoin. Just a few days earlier, the platform expressed confidence in Bitcoin’s long-term prospects, stating that when Bitcoin surpasses $150K, investors would look back at these times and regret not buying more when prices were lower.  This sentiment echoes the platform’s continued optimism about Bitcoin’s future performance. Exec Advises Buying Bitcoin Meanwhile, Matt Hougan, Chief Investment Officer at Bitwise, has encouraged investors to buy Bitcoin, citing concerns raised by hedge fund manager Ray Dalio.  twitter.com/Matt_Hougan/status/1940883904715804682 Dalio warned about the U.S. government’s growing debt, which now exceeds $7 trillion in annual spending against $5 trillion in revenue.  The national debt is surpassing the government's income and each household’s share has reached $230,000. As a result, buying Bitcoin would be a hedge against future uncertainty.

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