Arca CIO: Bitcoin 'Either Worth $0 or $1M Per Token'

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Jeff Dorman, CIO of fund manager Arca, discusses his long-term outlook for bitcoin's price after the cryptocurrency failed to keep heading higher and remains in a tight range between $46,000 and $50,000. "It's either worth $0 or it's worth probably $1 million per token," Dorman said. "Everything else in between is largely just ... noise." Plus, his take on institutional interest in bitcoin, DeFi and NFTs.
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