Bitmine: Multiple Institutions Estimate ETH's Implied Value to Reach $60,000 Using the "Store of Value" Model

BlockBeats News, July 29th, Ethereum treasury and crypto mining company Bitmine announced that it has invited multiple research institutions to value Ethereum (ETH) based on Wall Street's "alternative value" model. This valuation is for illustrative purposes only. The results show that the implied value of ETH is $60,000, while the current market price is around $3,800.