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Many economists also say that the current economic state may be a bubble, an even worse than that one that popped in 2008. I think, Bitcoin is undervalued beca
by einrealist 9y ago
Many economists also say that the current economic state may be a bubble, an even worse than that one that popped in 2008.
I think, Bitcoin is undervalued because it can provide a way out for unstable currencies (Venezuela, some African and Asian countries, maybe soon western countries) or to avoid regulations (China, Russia) and of course, for unlawful business (money laundry, blackhats, drugs). That's probably the real value drivers at the moment.
The biggest risk is regulation. Exchanges have to operate somewhere. But I guess, its hard to regulate something that is global (looking at you tax heavens).