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Digital Gold Thesis Shows Bitcoin (BTC) Is Undervalued, Should Be At $10,000


Bitcoin Likely “Massively Undervalued,” Claims Analyst

PlanB, a leading cryptocurrency-friendly researcher on Twitter that has the handle “100trillionUSD” a (likely reference to his/her long-term prediction for the market capitalization of Bitcoin), recently took to his feed to claim that at the moment, BTC could be “MASSIVELY undervalued.”

Citing a comment regarding Bitcoin’s underlying status/value proposition from Satoshi Nakamoto, the crypto godfather, himself, PlanB noted that BTC is similar to a metal “as scarce as gold,” yet unlike physical precious metals, it can be transferred/transported over a digital communications channel in a secure, decentralized, immutable, censorship-resistant, and efficient manner.



Read Full Story : Ethereum World News

2019-02-04 06:00:46

Nick Chong

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