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Bitcoin (BTC) suffered a significant price drop following the release of US employment data and reached below $54,000. However, analysts at Presto Research believe that the market has underestimated the true value of Bitcoin. is They cited network security as a key intrinsic value. Despite Bitcoin's hash rate reaching a historical high of 679 exah/s, the security's pricing (hash price) is at a historic low. Analysts concluded that investors should focus on the long-term value of Bitcoin, which is based on the security of the network and its growing acceptance as digital gold. It is expected that more price volatility will occur with the release of consumer and producer price index data in the coming days.
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