One of the leading cryptanalysts in Twitter account under the name PlanB said on his page that at the moment greatly underestimated. As noted PlanB in response to the comment about basic status and Bitcoin value, BTC is similar to the metal part of tight supply. However, in contrast to physical precious metals, bitcoins can safely transfer/move digital channels in a decentralized, immutable and centrostorico manner.
Considering traditional valuation models of scarce metals according to the relationship of stocks-to-flow, PlanB noted that at the present time the value of BTC is estimated at one-third of its fair value. From these considerations, the Bitcoin should be worth $ 10400. Apparently, after halving in 2020 Bitcoin may be undervalued in the tens and even hundreds of times. As the resource Ethereumworldnews, cryptologist and traders, this event favorable.
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 the stock-to-flow ratio. BTC: now 3X undervalued, after 2020halving 10-100X
— planɃ (@100trillionUSD)
According to PlanB, now the flow of inventory as close as possible to Bitcoin of gold is 57. Thus, all existing providers in the world will take about 57 years to play all mined to date valuable metal.
Since after the following halving the ratio of reserves to the BTC flow will increase from 25 to about 55, the cryptocurrency at a price of 3400 dollars will dramatically undervalued. As stated by the trader if after halving Bitcoin will be assessed objectively, the price can range from 34 to 340 thousand dollars.
In this case, the top mark his calculations already mentioned some of the major investors. The BTCC co-founder Bobby Lee wrote on Twitter that Bitcoin will first fall to $ 2,500 and is locked in this range until the end of 2020. But then followed another bullrun, and by December 2021 price cherished 333 thousand dollars.
The More data you look at . The current rate of coins can be found in our classroom .
Recommended
the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...
Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam
co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...
The Ethereum is a cryptocurrency Scam. A new report Chainalysis
When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...
Related News
VEB and the Grozny mayor's office transferred the housing sector on the blockchain
In February, the first Deputy Chairman of VTB Olga Dergunova positively the prospects of the blockchain. According to her, the technology will improve the speed of transactions and security standards. To move from words to action ...
Hacker 1337. How to hack Etherscan not to cause any harm
Monday on the website Etherscan.io appeared a pop-up message with the numbers 1337. The visitors began to panic and spread rumors about hacking Explorer. really hacked, but the damage from a hacker attack was zero. About it writes...
Expert: cuts in rewards per block Bitcoin and Ethereum will lead to the growth of the stock market
In the last 72 hours of the stock market capitalization grew by $ 3 billion amid the consolidation of positions and . Both of bitcoin has risen about 3 percent from January 29 and continue to move in a narrow channel. Trader under...
The results of the week: Ethereum hold above $ 100. The bulls are back in business
fortunately, still managed to hold above $ 100 this week. Cryptocurrency can grow in the near future, but it will first have to overcome the important resistance area of $ 114. Perhaps this will help the issue of ETH and an increa...
winter reached the final stage of February, while cryptoseal continues. This week broke a record ICO BitTorrent, Ethereum and the emission is significantly decreased. NiceHash added support Beam, the experts shared various predict...
The results of the week: Bitcoin could jump above $ 3,500. What's next?
this week I started to submit first signs of forming a local ascending movement of the price. However, the asset may still encounter serious resistance sellers in the area of $ 3,500. A break of this line will open the bulls the w...
Max Keiser: Unable to hit me, but Bitcoin is a peer to peer gold
along with his wife Stacy Herbert decided to discuss the recent statement by JPMorgan for the customers of the financial giant. According to Kaiser, one of the most corrupt institutions of our time declares that crypto-currencies...
The developers of Ethereum postponed the decision to integrate the algorithm ProgPoW. What's wrong?
the Developers have decided to postpone the decision to integrate resistant -mining algorithm . About the transfer was announced after the regular conference programmers 1 Feb. Apparently, in the Ethereum Foundation want to wait f...
Bitcoin will be the currency of the Internet. The opinion of the founder of Twitter
the CEO of Twitter and Square Jack Dorsey finally showed up in the podcast Joe Rogan Experience. In his opinion, the Internet will eventually be a separate coin, and most likely it will be . This time Dorsey was generous in epithe...
Even the Bitcoin bulls do not expect a trend reversal. Mike Novogratz of kryptonite
the Legend of wall street with extensive experience in institutional trading, a few years ago, he dedicated himself fully . He was then told, bitcoin has so much potential that was felt in the Internet at the stage of its origin. ...
Mining is dead: how PoS helps you to earn money even in a bear market
After reaching a record rate has been more than 410 days, which means the current bear market was the longest for major cryptocurrencies. Drop digital assets caught many traders by surprise, because they were not ready for the los...
Died the founder of QuadrigaCX. Now the crypto currency exchange is not able to find $ 145 million
After the sudden death of founder Jerry Cotto a crypto currency exchange QuadrigaCX were missing cryptocurrencies to $ 145 million. According to local newspaper the Globe and Mail, the company can't find or access the funds on Dec...
Cusines: Bitcoin has set a new record for the length of the fall
the Current downtrend has officially become the longest in the 10-year history . Recall that the main cryptocurrency has reached a historic high of 19 764 $ 17 Dec 2017. Since the asset now 412 days constantly dropping in price. T...
Deficit — one of the main advantages . According to a former Manager Dan herd, Satoshi Nakamoto himself several times emphasized this trait of the cryptocurrency in their letters to the community. And although Satoshi never used t...
Analyst: next halving will send you the price of Litecoin to the moon
still waiting ? Please note , after cutting the rewards for the block of LTC can also lead to a sharp increase in value. So says the anonymous analyst under the nickname Moon Overlord. According to him, the effect of halving will ...
CEO CoinList: 2019 will be a quiet year for the cryptocurrency, but will open the way to innovation
Last year was rather complicated for cryptocurrency. Basic coin suffered heavy losses – by the end of the year decreased by 74 percent, and has lost 85 percent. In 2019 on kaptarenko is likely to be silence, however, the company w...
Eternal HODL: how Didi Taihuttu, who invested all the money in Bitcoin
would you Give up all your assets for the sake of buying Bitcoin in the hope that someday he will show new highs? Didi, Romaine and their children continue to lead a lifestyle based on faith in the cryptocurrency. Such a scenario ...
Whether Bitcoin is completely anonymous? Expert's answer
Today broke another record — a cryptocurrency for quite a long time did not appear in the news related to the governments of major States. The first coin began to be actively discussed in the media after the events of Silk Road. d...
The first step on the path to the Ethereum 2.0. The team has released the official Serenity pretzels
Team launched its first pre-release of phase 0 in the migration process network version of the Ethereum 2.0. A message appeared on the project. As noted in the publication, this is the first pack of a series of weekly releases tha...
The volume of trade on decentralized exchanges struck a new low
Despite the interest of big kryptomere to the model DEX, decentralized exchanges has reached a record low in trading volume to the dollar. According to a new study Diar in June 2017, when the model DEX only began to spread, the to...
Comments (0)
This article has no comment, be the first!