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RE: What If Bitcoin Isn't A Bubble But Is Undervalued?
The number of people who are using bitcoin/crypto is just a small fraction of the world's population. If Bitcoin/crypto are destined to replace government-issued currency, all the world will be using it, including the 2 billion people who are "underbanked". That means bitcoin/crypto has the potential to be even more widely used than fiat currency. If that's the case, bitcoin/crypto is incredibly undervalued, even more than silver and gold. I believe there is the total opposite of a bubble. Great post, thanks.
That what I'm thinking too, it really is a small percentage of users than what it can be.
Even though I agree with your point, which I kinda corroborated on this post. I just wrote this post about reasons I believe Bitcoin might be currently undervalued, if you'd care to take a look. Also wrote a bit on why we gotta watch out for a possible ICO Bubble. Don’t get me wrong, I’m a total crypto-enthusiast, on the other hand I try to be very logical about my analysis as an investment.