币界网报道：Bitcoin's price debate intensifies as analysts present conflicting views on its valuation. Some argue Bitcoin's scarcity and adoption as "digital gold" justify higher prices, while skeptics point to volatility and regulatory risks. A recent research paper suggests Bitcoin's intrinsic value could be as low as $2,500, citing energy costs and lack of cash flows. Meanwhile, institutional investors continue showing interest, with major firms allocating portions of their portfolios to crypto. Market sentiment remains divided, with bulls highlighting Bitcoin's fixed supply and growing institutional adoption, while bears warn of speculative bubbles. The debate reflects broader uncertainties about how to properly value decentralized digital assets in traditional financial frameworks.