Researcher assures that bitcoin is “undervalued”

One researcher determined that the cost of the cryptocurrency should be $ 10,400 per unit

A cryptocurrency researcher who was identified as “PlanB” recently claimed that bitcoin could be “greatly undervalued.”

This was indicated in his Twitter account where he assured that the digital asset is identical to “a metal as scarce as gold”, differentiating it in that one is physical and the other can be transferred from “a digital communications channel in a safe way, decentralized, immutable, resistant to censorship and efficient “.

To verify his theory, the researcher used models of assessment of scarce material such as gold, silver, palladium, among others.

The result was that the currency created by Satoshi Nakamoto is currently at a third of its value, which means that it should currently have a price of around $ 10,400 per unit.

The formula to determine the value is obtained after dividing the quantity in existence by the quantity of product created annually.

K. Tovar

Source: Coincrispy

Receive this and all our information directly on your cell phone through our channel on Telegram:https://t.me/BitFinanceNews

Comments are closed.