We still need more time to say bitcoin is undervalued. On the other hand, almost 3k usd per bitcoin is pretty high to me.
Bitcoin has been stated to be undervalued for years now, and if you look where we stand right now, it's pretty obvious that aside from what might happen in the short term, Bitcoin is always undervalued. If people talk about Bitcoin being under/overvalued, they should
always have the long term in mind. Short term wise it's practically impossible to properly say that Bitcoin is under/overvalued due to the volatility and sentiment changes that can happen instantly.
yes that is right that bitcoin is still undervalued. i think we should invest our money in bitcoin in resent time because the price of bitcoin has chance to increase and give us a good profit. i myself holding my bitcoin for the price increase and hope that i will get a very good profit in a short time.