Bitcoin Fair Value Seen at $105,000 as Yusko Urges Buying
Morgan Creek Capital CEO Mark Yusko said Bitcoin’s fair value is about $105,000 under a Metcalfe’s Law-based model, compared with a recent price of $75,701. That represents a discount of roughly 28% to the model’s estimate and a 40% decline from Bitcoin’s October 2025 peak of $126,080. Yusko described Bitcoin as “on sale” and encouraged investors to accumulate it.
Yusko argued that Bitcoin and gold can help preserve value over the long term. He also cited data suggesting that about 85% of companies disappear over a 30-year period, making equities less reliable as long-term stores of value in his view.
Bitcoin has benefited from renewed interest in the debasement trade, in which investors buy scarce assets to hedge against currency depreciation. Expectations that the US Treasury would at least double its liquidity-support buyback operations have pressured the dollar and supported non-yielding assets. However, Bitcoin later lost momentum as traders shifted toward artificial-intelligence-related stocks.
The comments are bullish for Bitcoin sentiment but reflect one analyst’s valuation model rather than a guaranteed price target. Traders should monitor liquidity conditions, dollar strength, institutional flows and resistance near $105,000.
Bullish
The market impact is bullish because Mark Yusko’s $105,000 fair-value estimate frames Bitcoin’s recent price as significantly undervalued and may encourage dip buying. His comments also reinforce the long-term store-of-value narrative, particularly as investors reassess currency risk, Treasury liquidity measures and the debasement trade.
In the short term, the statement is unlikely to create a major price move on its own because it is an individual analyst’s opinion rather than a new investment flow or policy decision. Traders may nevertheless use the estimate as a psychological reference point, potentially supporting demand near current levels. A sustained move toward $105,000 would require stronger liquidity, improving institutional flows and renewed momentum in risk assets. Failure to hold recent lows, a stronger US dollar or continued rotation into artificial-intelligence equities could limit the bullish effect.
Longer term, the comparison with gold and the use of network-value models may support Bitcoin’s scarcity and adoption narrative. Similar bullish valuation calls during previous corrections often helped reinforce accumulation strategies, but they did not prevent further volatility when macroeconomic conditions weakened. Traders should therefore treat the report as a sentiment catalyst, not a standalone trading signal.