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Bitcoin undervalued by over USD 200

Wednesday 30 March 2016 10:37 CET | News

Bitcoin is currently undervalued by 58% based on todays price, according to a report from Needham & Company.

The report values Bitcoin at USD 655, compared to about USD 412 and advises that investors buy shares in the Bitcoin Investment Trust (GBTC), a vehicle for speculators to invest in Bitcoin without actually buying and holding the asset.

Currently, there is USD 74 billion worth of gold held in exchange-traded funds (ETFs) around the world, according to the numbers used in the report.


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Keywords: Bitcoin, mining, cryptocurrency, digital currency, online payments, online security, online transactions
Categories: DeFi & Crypto & Web3
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Countries: World
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DeFi & Crypto & Web3