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

[cybersofts]

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

[Ailmand]

The whales are silently shopoing and accumulating their bitcoin being ready for the next bitcoin moon ride. The article made a good point that last year big investors kept away from the market due to the fear that was caused by the market drop from btc's ATH down to almost $3,000 which made the market price critically low and steady at $3,000. So, it is just practical to buy the dip as much as you can and just be patient, the bull-market must be sitting around and waiting.

[bittraffic]

    “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.”

Or we can literally interpret this line by saying the price stay  at this range for a long time until adoption will take place.

As of now there is just no good sign yet besides the accumulation  of the whales, behind these pumps, there will be a huge dumps ahead of it too. Those who can join the  whales in accumulating are also going to win in the future.

[Valhalaa]

indeed the bitcoin price cycle itself is true like a parabolic but I still believe that right now we are climbing slowly towards new ATH in new history,
what we need to buy bitcoin and be patient while the price itself makes changes, which I believe is enough to invest and invest nothing else
do not easily believe in news that is not true / hoax believe in trading analysis that you do, confidence is needed

[pishite]

A great analyst. All correctly written. And the market is moving steadily up. Perhaps there will be drawdowns, but not significant. In this year and I don't expect we will see moon from the most the main coin. Observe and hope for the best.

[talkbitcoin]

it is just a short term prediction and a bad one at that in my opinion because it is using market capitalization which is a bad characteristic to use. he is basically saying that price is going to $50k in short term.

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.

not at all. there was a bubble in 2017 which needed to burst, that caused a bear market and it was a natural course to occur in bitcoin.

as for altcoins (the crypto market) we all know they were pumped and needed to get dumped. that is what they have been doing for years and are still doing it to this day. some bigger ones like ETH, XRP,... get bigger pumps so they need to get dumped for a longer time too.
they will never go "toe-to-toe" with any asset in a real market though. because they won't live that long.

[Haunebu]

Over-optimistic? Bitcoin is undervalued in my opinion, but no one can predict by how much which is why this is all pure speculation and nothing else. There is no bull run waiting in the corner anytime soon at least.

After the collapse in 2018, a big reason(Like halvening) is required to start another big bull run.

[serjent05]

shouldn't this thread belong here? Bitcoin Discussion/Press.  Can't see any input by OP just a plain copy paste from the article.


We all know  that most of the crypto bull thinks that Bitcoin is undervalued while crypto bears thinks otherwise.  It is clear that Bitcoin accumulation part is already done or almost finished that is why we have seen an influx on the buy side signaling the bull market is already starting. This is this thing called higher low and higher ups occuring in these past weeks that also signals a bullish state of the market.

With the projected adoption in the coming years I also think that Bitcoin at its current price is still undervalue.

[TheCoinGrabber]

The whales are silently shopoing and accumulating their bitcoin being ready for the next bitcoin moon ride. The article made a good point that last year big investors kept away from the market due to the fear that was caused by the market drop from btc's ATH down to almost $3,000 which made the market price critically low and steady at $3,000. So, it is just practical to buy the dip as much as you can and just be patient, the bull-market must be sitting around and waiting.

That is also what I intend to do now. Just hold off selling. It's amazing what a single entity can do with just 3 or so transactions - that's what boosted the price. Just imagine when they finally start moving. Hopefully this will be bigger than 2017.

[BitHodler]

I always find it quite cringy to see people talk about Bitcoin being undervalued while there is no way to measure its value other than looking at the most recent exchange rate.

Even if the price happens to tank to $1000 it's not undervalued, especially when the price continues to hover around that level for months straight, which also applied to the range between $3000-$4000 people found to be low.

Most people saying that the price is low or undervalued bought their coins well above these levels, therefore it has to be undervalued according to them. This doesn't make any sense to me. It's called price bias.

[blueteam09]

Bitcoin always underestimated because it cost fluctuates so hight and regularly makes people not believe in it, so they give negative reviews about it. Bitcoin's value cannot be determined because its price increases over time, don't look at the present to do reviews because Bitcoin doesn't stand still.

[Beerwizzard]

Bitcoin is just another asset for investments, just like any other fiat currency, stock or ETF but with its own shitty specific. That means that it should be analyzed by educated and smart professionals that do the same with those stocks, ETFs and currencies. All those crypto analysts are just a bunch of uneducated retards that keep telling that  BTC would keep growing just because it grew before.
Also, the same website on OP's link contain another article with an opinion of another well known crypto idion John McAfee that claims that BTC price would grow to 1$mln in 2020. That once again tells us that such resources are untrustworthy.

[alisafidel58]

Well, it won't be undervalued if there were not critics for bitcoin. All its major critics are from bank institution that is threatened by bitcoin or any other cryptocurrency. These critics have some influence on the people since most people today still believe in the bank and their system. I believe that bitcoin will be a multi-million dollar asset in the years to come.

[Adriano2010]

I also think that the bitcoin is underevaluated, i reffer to the price and what the analyst say should happen, because the bitcoin is limited supply and also the demand for is high.

[Kevin77]

Multi-trillion sounds good actually. I mean its not as ludacris as some of the other claims neither.
After all if you could consider "multi trillion" as maybe like 4 trillion dollar marketcap then we can consider the price as $200k or so.

You can drop that $50k each for trillion so if you think 3 then $150k , if you think 2 then $100k and "multi" could mean any of that after all. That is why I honestly think its not "impossible" to reach there, it is highly unlikely we will get there anytime soon for sure because we are only at $5k right now but when it goes up it would not shock me if we managed to go up to $50k for example which will make it a trillion dollars in market cap.

Considering all other altcoins and decent rivals underneath the crypto market will easily be 5 trillion market if bitcoin goes above $50k.

[carter34]

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.

This $75% down in ATH as currently analyzed as going to reduced as soon as it can be because after the first week of April growth, bitcoin has been steadily increasing. We are going to see the outcome of what happened last two years.

[Lucius]

By reading this article we can not read anything new that is not known yet, but only that some whales are probably buying more coins because we should now be in accumulation phase. We can also conclude that the same whales will at some point begin to sell, repeating this process in cycles and thus generate profits. The question is how much money will be invested in bitcoin in next years, or maybe better to say in next bull run.

Actually, it is not so difficult to make bitcoin a multi-trillion $ asset, but big investors are still very careful about investing in something so volatile and risky such as bitcoin. Buying via exchages (OTC) is for them too much complicated, and security is very questionable in this sector. So maybe big money will wait first bitcoin ETF to be approved, for them this is most easiest way to invest in anything.

[BrewMaster]

bitcoin has been undervalued by a lot for some time now, not just because some traders think it is undervalued but because it is below the real intrinsic value of bitcoin and has been kept there artificially by the market manipulators who have spent millions to push the price down there and keep it there for accumulation of cheaper coins. basically the fall below $6k gave them twice the buying power since the value halved!

as for the rise and how much it will be worth, it is not possible to predict that but we know the facts which are the limited and small supply of only 21 million (maximum) and the fact that so far the adoption has been below 1% while it is still growing.
so this "analyst"'s prediction about price is extremely low because he is basically predicting a price a little higher than $50k which is a lot lower than the real possibility which is around $1 million.

[Shenzou]

I think that bitcoin has already shown the world how big of an asset it is, not only in terms of price when it reached almost 20k back in 2017 and everyone and their dog started talking about how big it is and how you must they invest in it, and how many people were able to make millions out of it, but also in terms of viability and the ability to take the concept of transactions to a whole new level and jump us into the future, i think that most of the people who are invested in it are just lurking around and holding it until something like that happen again, and others are just still hesitated because of its status with governments where they don't want to put their investment at risk and see it get banned by the regulation.

[qiwoman2]

Accumulation periods, especially during this bear cycle are usually long and tedious for those who are sitting and waiting for their Bitcoin and Altcoins to POP. Like God, BTC is also undervalued and that's a fact because it has the technology behind it that is now permeating all levels of our society, just like Artificial Intelligence as well. Both these technologies are leading the Smart Revolution forward and they are worth trillions of dollars if we look at them with this perspective but the markets like to play tricks on us and the big accumulators, they will take their time in keeping the prices suppressed until they are ready to lift the pressure cooker lid and let the prices fly. Once more Infrastructure is in place, like regulation, capital placement and tech for the masses to come in and use it, we most likely see a handsome appreciation in the price of Bitcoin and other good Crypto Assets.