Dragosch Sees $197,000 Fair Value for Bitcoin Amid Treasury Yield Concerns

Bitwise strategist André Dragosch believes Bitcoin's fair value is $197,000. He warns that rapid increases in the 10-year Treasury yield can be problematic when they reach 80 basis points in just 20 trading days.

The speed of rate moves matters more than their level, according to Dragosch. He suggests a stock market correction could lead to a Fed pivot, which would likely catalyze a genuine Bitcoin bull market.

Dragosch also touches on regulatory shifts, meme token launches, and broader crypto adoption during the interview.