Benjamin Cowen

Bitcoin: The Beauty of Mathematics (Part 64)

In the latest episode of his long‑running series, the host examines Bitcoin’s valuation against a "fair‑value" logarithmic regression line, noting that the total crypto market cap sits at about $3.68 trillion versus a $4.6 trillion fair‑value estimate as of November 2025. He argues that the market has largely tracked this fair‑value line for several years, with occasional over‑valuations quickly corrected, and points to low social interest and the tail‑end of quantitative tightening as reasons for the subdued, non‑parabolic price action. The presenter suggests the current cycle may be nearing its end, hinting that Bitcoin could resume stronger moves within the next few months if the historic four‑year cycle holds. He concludes by projecting the crypto market could eventually reach $10 trillion over the next few cycles.