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Why Bitcoin is STILL Undervalued by a Staggering 64%

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The bitcoin price has climbed 30% year-to-date and is holding just under $5,000 after an early-April rally, but it’s still undervalued by a ridiculous margin. Fundstrat Global Advisors co-founder Tom Lee not only believes that this week’s increase is justified, but he told CNBC the BTC price fails to reflect fair value, which he says is $14,000. Using this measure, bitcoin is currently trading at approximately 64% below its fair market value. Tom Lee: Bitcoin Price REALLY Worth $14,000 Fundstrat’s Lee bases his assessment on the number of active bitcoin addresses coupled with activity per user, which for the most

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* First published on ccn.com

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