Bitcoin Holds Above $65K as $700K Treasury Asset Case Emerges

Bitcoin has rebounded above $65,000 after testing below $60,000 in early June, with multiple models flagging 40-50% undervaluation against mining costs and gold ratios. High-profile forecasts escalated through the period, from Porter Stansberry's $134,000 fair value in May and Bitwise's $224,000 sovereign-debt model to Tom Lee's $2 million long-term target and a fresh $700,000 case tied to Bitcoin becoming a global treasury asset. The narrative evolved amid sharp gold-outperformance debates, ETF outflows, and public clashes between bulls like Cathie Wood ($730k-$1.5M by 2030) and skeptics dismissing aggressive upside.