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.
#bitcoin could be MASSIVELY undervalued
Satoshi: BTC is like a "metal as scarce as gold + can be transported over a communications channel"
Scarce metals (gold, silver, palladium, platinum) can be valued on stock-to-flow ratio. BTC: now 3X undervalued, after…
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