Bitcoin’s Value Can Be Considered in Different Ways, Says US Chairman of FTX

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FTX US President Brett Harrison Told TSWT’s “Squawk Box” on Thursday that the crypto industry continues to see huge venture capital investments despite the tough times brought on by the bear market.

According to the boss of FTX US, as the industry continues to deal with the brutal force of the crypto winter, the markets will eventually recover.

He notes more capital, as projects take the downturn as an opportunity to build, bringing in new talent and products, a bounce out of the hole could see more people adopt crypto and related services.

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Different Bitcoin Valuation Methods

Speaking specifically about Bitcoin, the world’s leading cryptocurrency, Harrison says there are different ways to look at the value of BTC. He notes that different people look at this aspect differently.

It’s difficult“, he told TSWT while discussing some of the different methods of reviewing Bitcoin.

“There are many different methods offered. Part of this has to do with the future flow of all bitcoin that might be mined in the system and of course the cost of mining that bitcoin.,” he added.

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Another way of looking at it is what some people consider “a store of value, something that is independent of the control of any particular government. Money supply that is safe and can be moved around the world, you know, securely and instantly.

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