• Mon. Oct 3rd, 2022

FTX’s Harrison on how to model Bitcoin price outlook: ‘a lot of different proposed methods’

ByNdasi Tata

Jun 24, 2022
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1656010078281 f4821aaf 2e48 41c5 a02a 2a253b3bc935

FTX U.S. President Brett Harrison told CNBC’s ‘Squawk Box’ on Thursday that the crypto industry is still seeing huge venture capital investments despite the tough times occasioned by the bear market.

According to the FTX US boss, while the industry continues to face the blunt force of the crypto winter, markets will eventually recover.

He notes more capital, as projects take the downturn as an opportunity to build, bringing in new talent and products, a bounce out of the hole could see more people adopt crypto and related services.  

Different methods of valuing Bitcoin

Talking specifically about Bitcoin, the world’s leading cryptocurrency, Harrison says there are different ways of looking at BTC’s value. He notes that different people look at this aspect differently.

It’s difficult,” he told CNBC as he discussed some of the different methods of looking at Bitcoin.

“There are a lot of different proposed methods. Some of it has to do with the future flow of all the Bitcoin that could be mined in the system and of course the cost of mining that Bitcoin,” he added.

Another way of looking at it is what some people see as “a store of value, something that is independent of any particular government’s control. Monetary supply that’s safe and can be moved around the world, you know, safely and instantly.

The post FTX’s Harrison on how to model Bitcoin price outlook: ‘a lot of different proposed methods’ appeared first on CoinJournal.

Ndasi Tata

Ndasi Tata is a Cameroonian-born Bitcoin entrepreneur and former state journalist. He earned an M.Sc from the University of Nicosia in Cyprus in Blockchain and Digital Currency. He uses a variety of social media channels to promote his ideas and projects , and he's a major proponent of Bitcoin in Africa.

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