Charles Schwab's Ferraioli Calculated Bitcoin Fair Value at $95,000 Based on Mining Economics

According to Coindesk, Jim Ferraioli, Head of Crypto Research at Charles Schwab, determined Bitcoin's fair value at approximately $95,000 yesterday, basing the assessment on mining economics rather than short-term market sentiment.

Ferraioli noted that the most efficient miners produce one BTC at a cost of approximately $60,000, while less efficient miners face costs up to $95,000. He identified $60,000 as a significant support level for Bitcoin, coinciding with the cryptocurrency's 200-week moving average recently trading in the $60,000–$62,000 range.