Bitcoin (BTC) Is Extremely Undervalued, Says Former Goldman Sachs Executive
A former manager of equity and equity derivatives at Goldman Sachs just said that Bitcoin’s upside is massive and BTC’s current value is extremely underpriced.
BTC is reportedly ludicrously undervalued
The words he used are “ludicrously undervalued”.
Speaking of BTC’s current price, the most important crypto in the space is trading in the green at the moment of writing the article and BTC is priced at $10,469.69 on CoinMarketCap.
During a brand new interview on the Stephan Livera Podcast, Raoul Pal explains why macro strategists are willing to bet on Bitcoin hitting an $8 trillion market cap or higher.
“If you look at PlanB’s stock-flow model, you can see the comparative upside. If you try and get your head around the digitization of everything. If you try and get your head around an alternative financial system,” he said.
He continued and explained that “Even if it has a low probability. If you recreate a low probability of let’s say, what’s the global money supply and global debt? It’s something like $80 trillion. So if it’s worth $80 trillion dollars, let’s say you have a 10% probability. That’s $8 trillion. [Bitcoin] is currently worth $200 billion. So even if it has a 1% chance of working – that’s how probabilistic frameworks work.”
He also said that if any of these probabilities play out, the most important crypto in the market is ludicrously undervalued.
If you head over to the original article by the Daily Hodl, you can listen to the complete podcast there.
Two indicators show bullish prices for BTC
There’s a popular crypto analyst who says he’s been tracking two key indicators to gauge when Bitcoin may begin its very next cycle and move towards some new all-time highs.
Nicholas Merten makes sure to highlight the fact that BTC price corrections have often landed between 30% and 40%.
You can see his predictions in the video above.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.