I can say the same for ION!
Hong Kong-based cryptocurrency exchange Gatecoin’s marketing chief has stated that bitcoin price, despite these boom times, is “undervalued.”
In a televised interview with Bloomberg today, Gatecoin’s marketing chief and head of business development for Asia Pacific Thomas Glucksmann was led onto the subject of bitcoin’s “fair value”, at a time when prices are nearing $10,000 – a remarkable 10x gain since the turn of the year. The bitcoin executive professed the market remains relatively “illogical” compared to traditional financial assets where price predictions are analyzed over usual valuation metrics.
Asked if it was “impossible” to determine bitcoin’s fair value, Glucksmann acknowledged and replied:
I would still argue that it is highly, highly undervalued. If you look at the long-term potential of the technology in the next 10, 20, 30 years, $10,000 is cheap in my opinion.