A long-term bitcoin bull at a crypto asset manager says bitcoin is currently 71% above fair value, purely on 'narrative'. He breaks down his valuation model — and shares why even more gains are in store this year

As a veteran fund manager with 17 years of experience running a multi-asset portfolio at investment titan HSBC, Charlie Morris spent a lot of time looking for different and interesting asset classes that could offer non-correlated returns. Bitcoin was one of the assets that caught Morris’s attention …

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