Inside the Crypto Recovery

Why Bitcoin is Still Underpriced

Photo: Naql — Sunrise (CC-BY-2.0)

The value of Bitcoin famously crashed from almost $20k to a low of about $3,200 — a drop of nearly 84%.

Most of this is just normal Bitcoin market cycle: a series of 10x micro-bubbles followed quickly by short-term corrections before launching into another 10x burst. This is the nature of fast-growth cycles. The market does a double-take…