Why Bitcoin undervalued? The response of a Professor of a Swiss University
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Last Fall, chief marketing officer of Hong Kong exchange Gatecoin Thomas Glucksmann that Bitcoin is extremely undervalued. According to him, the cryptocurrencies have a huge potential, which will allow it to survive for "another 10, 20 and 30 years."
With his position I agree Thomas Huber from the Department of management, technology and Economics at the University of Zurich. He argues that the reason for the undervaluation of Bitcoin is the attitude of investors to the asset. His research leads .
theWhat actually is Bitcoin: analyst
Researchers from the Swiss University previously found that Bitcoin is the only and the most reliable alternative to sovereign possession of public money. However, the coin is worth less than its real value, say scientists.
The reason for the low Bitcoin prices that investors evaluate the coin below its real value. Big players have access to the products of FINTECH startups and the dollar, so the investment in the first cryptocurrency they consider an asymmetric bet. This position has led to tighter regulation of the cryptocurrency in some countries and underestimation of the coin as a repository for money.
According to Huber, traditional investors still do not understand the benefits of Bitcoin, including security, decentralization and resistance to censorship.
The First cryptocurrency is the key to rethink money. Most investors on wall Street does not understand that Bitcoin is money of the future, and at best consider it only as a tool for wealth creation.
Huber is difficult not to agree — many investors do not want to understand the technology, but say they do not see the point in Bitcoin and a dropping market. In no such people join.
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