▶Bitcoin Magazine Bitwise’s André Dragosch: Bitcoin’s “Fair Value” of $197,000 Bitwise’s André Dragosch joins Spencer Nichols to explain why Bitcoin tends to move before shifts in global liquidity, acting as the canary in the liquidity coal mine, and why his global money supply model puts Bitcoin’s fair value at $197,000 today. They also dig into recession risk, the Fed’s next move, and how capital rotating out of precious metals could help Bitcoin catch up to the money supply. Host: Spencer Nichols — Bitcoin Magazine André Dragosch — Bitwise Director, Head of Research – Europe Chapters:00:00 Why French Bond Yields Are Rising03:13 Tightening Financial Conditions Go Global08:04 What the Dollar and an AI Bubble Mean for Bitcoin12:45 Contagion Risk in the AI Credit Complex17:23 Bitcoin, the Canary in the Liquidity Coal Mine21:21 The Fed’s Dilemma and the Debt Burden25:42 China’s Slowdown and Recession Risk30:18 Will Bitcoin Decouple From Stocks?33:47 Bitcoin’s $197K Fair Value37:43 Bretton Woods III and Bitcoin as Global Money42:07 Bitcoin’s Reserve Currency Call Option46:48 Bitcoin-Backed Credit and Strategy as a Bank DISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions. This post Bitwise’s André Dragosch: Bitcoin’s “Fair Value” of $197,000 first appeared on Bitcoin Magazine and is written by Mark Mason.
Bitwise’s André Dragosch: Bitcoin’s “Fair Value” of $197,000

▶ Bitcoin Magazine Bitwise’s André Dragosch: Bitcoin’s “Fair Value” of $197,000 André Dragosch details Bitcoin as a liquidity canary, its $197K model fair value, Fed policy shifts, recession risks, and capital rotation from precious metals. This post Bitwise’s André Dragosch: Bitcoin’s “Fair Value” of $197,000 first appeared on Bitcoin Magazine and is written by Mark Mason.
Key Takeaways
- Bitwise’s André Dragosch: Bitcoin’s “Fair Value” of $197,000.
- This post Bitwise’s André Dragosch: Bitcoin’s “Fair Value” of $197,000 first appeared on Bitcoin Magazine and is written by Mark Mason.
- They also dig into recession risk, the Fed’s next move, and how capital rotating out of precious metals could help Bitcoin catch up to the money supply.
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