Undervalued Bitcoin Will Be a ‘Multi-Trillion Dollar Asset Class,’ Says Analyst

[0t3p0t]

Well, Investors like whales and other big players that accumulate huge amount of Bitcoins during it's dip are on it's great advantage and please correct me if I'm wrong. If only I have money to buy and hoard when Bitcoin's price plummet way back a couple of weeks or months or year I think I am one of the millionaires right now unfortunately, different thing happened and now I am still hoping to get gains with my small amount of holdings.

[1714692300]

1714692300

[1714692300]

1714692300

[1714692300]

1714692300

[bitbunnny]

Well, Investors like whales and other big players that accumulate huge amount of Bitcoins during it's dip are on it's great advantage and please correct me if I'm wrong. If only I have money to buy and hoard when Bitcoin's price plummet way back a couple of weeks or months or year I think I am one of the millionaires right now unfortunately, different thing happened and now I am still hoping to get gains with my small amount of holdings.

Despite the fact that every scenario is possible when Bitcoin is involved I wouldn't count on fact to become a millionare. This is not a big chance. I beleive that Bitcoin is still the best investment on long term and that way you can count on best profit. Maybe the price is undervalued currently but still I don't expect some huge and exaggerated values.

[sheenshane]

I still remember the day where people were very optimistic and ended being disappointed and depressed. There was a very well known Crypto analyst that said that Bitcoin could rise around $ 40,000 in the year of 2018. Of course, because he was also the one who predicted the Bitcoin's value of 20,000 USD before 2018 comes, the people believed in him and celebrated themselves being a person who is involved in the cryptocurrency. And you know what happened. People became so much disappointed because of it. We can't actually tell if the Bitcoin would become what you are telling to, but if we are passionate enough to stay then there will be no problem at all.

[leonair]

I'm not a fan of Technical Analysis especially when it comes to Cryptocurrencies because it's too volatile and everyone is an expert when the price of it is soaring high.

Bitcoin will again beat the previous all time high that it was reached before but it needs first to solidify its use cases to a broad adoption.

[avikz]

Bitcoin’s gains may not be parabolic, but the price is moving steadily higher. With BTC currently hovering at the $5,300 level, the mood around crypto has improved tremendously. Nonetheless, the bitcoin price continues to trade 75% below its peak.

A new report by Adamant Capital suggests that the smart money represented by BTC whales is in an “accumulation” phase. This chapter reflects the “last phase of the bear market.” The firm, which runs a bitcoin alpha fund, is advising value investors that now’s the time to buy. Once the BTC bulls solidify their grip, the bitcoin price is headed for the moon, the analysis suggests:

    “During this accumulation phase, we expect for bitcoin to trade in a range of $3,000 to $6,500 until the new bull market permanently cements the denarian cryptocurrency as a multi-trillion dollar asset class.”


Big Investors Got Cold Feet in 2018

The crypto market is headed to the big time where it will go toe-to-toe with assets in the capital markets. So, how do you explain last year? When the price cratered below $6,000, BTC “hodlers” got spooked and sold. Adamant Capital points to more than “70,000 bitcoin days [being] destroyed.” Conditions worsened when crypto exchange Coinbase redirected some of its BTC. This activity combined gave institutional investors “cold feet” at year-end 2018. What a difference a new year makes, and the institutions have begun to dip their toes back into the crypto waters.


Reference: https://www.ccn.com/undervalued-bitcoin-trillion-dollar-asset-class

Since I prefer to keep my feets on the groud, I am unable to feel the same optimism that the article author is showing on bitcoin. Very intelligently, the author didn't point out individual bitcoin's price, rather pointed out a market cap which is over inflated according to me. While I will be happy if it happens, but at the same time I want to think and expect practicality!

Under no circumstances, I see bitcoin will be a multi Trillion dollar market. It may only be possible if all countries of the world start accepting bitcoin as a legal tender! Othereise not! It is an over estimation!

[Sahyadri]

Very well said by the great analyst. Although bitcoin is undervalued crypto at this time but slowly due to mass adoption, huge investment, regulations the prices will surely go up in coming years and btc will become trillion dollars market. So i am hodling my coins until that period to get huge returns for my hard work. The prices have once again starting to rise and soon bull run is ready to hit the market.

[Xampeuu]

I'm not a fan of Technical Analysis especially when it comes to Cryptocurrencies because it's too volatile and everyone is an expert when the price of it is soaring high.

Bitcoin will again beat the previous all time high that it was reached before but it needs first to solidify its use cases to a broad adoption.

Technical analysis will be very useful for those who are trading daily. for me because it will hold in the long run, of course I only buy at low prices and let it reach the target planned at the beginning

[PlasmaBit]

Their conclusion starts with words "we believe", not forecast, predict, expect but "believe". And that's means they have no need for facts to prove their opinion.
Asserting that BTC is the best crypto and giving a price range from $3k to $6k. Do we need investments funds analytics for that?