It would be entirely understandable for Claude Erb to say to the crypto bros: “I told you so.”
Erb is the former commodities portfolio manager at TCW Group whose model of bitcoin’s
BTCUSD fair value has been roundly dismissed as hopelessly irrelevant. Last October, for instance, bitcoin traded above $125,000, more than double the fair-value estimate of $53,000 from Erb’s model at the time.
Why bitcoin needs to fall another 20% before it’s even worth a look
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It would be entirely understandable for Claude Erb to say to the crypto bros: “I told you so.”
Erb is the former commodities portfolio manager at TCW Group whose model of bitcoin’s
BTCUSD fair value has been roundly dismissed as hopelessly irrelevant. Last October, for instance, bitcoin traded above $125,000, more than double the fair-value estimate of $53,000 from Erb’s model at the time.
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