Bitcoin Fundamentals Suggest Cryptocurrency Is Massively Undervalued

Bitcoin Fundamentals Suggest Cryptocurrency Is Massively Undervalued

Bitcoin price action might not reflect it, but the leading cryptocurrency by market cap could be massively undervalued, according to a variety of fundamental metrics that focus on coin issuance. These tools are widely known, but when combined paint a clear picture that backs up any chance that the top coin by market cap is actually undervalued at $40,000 per BTC. Speculative Boom And Bust Cycles And The Impact On Perception Of Value Any asset – be it stock, currency, commodity, or otherwise – goes through boom and bust cycles; bull and bear markets. These cycles are more rapid and take....


Related News

Why Bitcoin Is One Of The Most Undervalued Assets In 2021

Despite BTC’s price gains in 2020, the failings of our fiat monetary system demonstrate that bitcoin is still significantly undervalued. The post Why Bitcoin Is One Of The Most Undervalued Assets In 2021 appeared first on Bitcoin Magazine.

Bitcoin Is Undervalued, Fair Value Price Should Be $15,000, Says Analyst

Bloomberg cryptocurrency analyst Mike McGlone says bitcoin is greatly undervalued, suggesting that its fair value price should currently be somewhere around $15,000. The price of bitcoin (BTC) has see-sawed between $10,000 and $12,400 over the last few weeks, often tumbling sharply following what one pundit described as “fake” breakouts. The latest rout saw BTC crash more than 8% within days from over $11,000 to $10,100. At Press time, each bitcoin is trading for $10,695, up nearly 2% in the last 24 hours. McGlone, a senior commodity strategist at Bloomberg, based his arguments....

Kim Dotcom Claims This Fork Is More Undervalued Than Bitcoin, Here’s Why

Bitcoin has taken over all forms of media, from mainstream to social. The cryptocurrency was trending on Twitter last night after making above $40,000 for the first time. The hysteria caught the attention of early internet entrepreneur Kim Dotcom, who claims there’s a Bitcoin fork that’s more undervalued than BTC itself and has the “biggest […]

BITCOIN IS FALLING MASSIVELY

Bitcoin has fallen massively in the recent minutes. The reason for the panic sells could be explained by Mt. Gox latest press release stating that they are stopping all Bitcoin Withdrawals. We are currently looking into the matter. If you have any news regarding the sudden fall please let us know in the comment section below. Update: As we've noted here at CCN over the last few weeks, Mt. Gox has been spiraling in a descent due to illiquidity issues for months now. Just as in April 2013, Mt. Gox's issues have led to a market-wide reaction in the Bitcoin exchange rate. Strap into your seats....

Paul Tudor Jones Says Bitcoin’s Market Cap Is Undervalued

Bitcoin has seen a strong rally over the past few months on institutional interest in the cryptocurrency. The coin currently trades just shy of all-time highs at $19,500. BTC is expected to move even higher as adoption continues to swell. Paul Tudor Jones once again supported Bitcoin publicly with a recent Yahoo Finance interview. He said that he thinks BTC’s market cap is undervalued, relative to other asset classes. Bitcoin Once Again Backed by Paul […]