Bitcoin Market Not A Bubble And Still Highly Undervalued

[happyface]

Once the bitcoin market crossed a billion dollar capitalization, sentiment of bubbles spiked in the public discourse despite no one citing any comparable metric to build a case off of.

http://seekingalpha.com/article/1327731-bitcoin-market-not-a-bubble-and-still-highly-undervalued

Basically the idea is that the bitcoin market is still smaller than the much less successful digital gold currency market. In this sense, bitcoin are not in a bubble as most people proclaim without presenting a metric.