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How to think about valuing Bitcoin
By Side Hustle Rich  •  September 7, 2020
Bitcoin. Everyone’s talking about it, some people want a lot of it, but nobody really knows how to value bitcoin. As of today, Bitcoin’s market cap is about USD$189 Billion. A single Bitcoin is currently at USD$10,210, down from the last 2 week high of about $12,000. If you think this is volatile, where were you in 2018? So, is bitcoin overvalued? Is bitcoin undervalued? How do we actually go about valuing an asset that is still undergoing price discovery? If you think and feel that it’s super expensive, you’re right. Whenever anyone sees something as costing $10,000, of course you’d think it’s expensive. Unless you’re Jeff Bezos of Warren Buffet of course. But, what’s in a Bitcoin? Did you know that a bitcoin is extremely divisible, and that you can simply own a fraction of it? This is one of the reasons why I think Bitcoin is undervalued. <amp-ad...
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By Side Hustle Rich
I’m Richard, creator of SideHustleRich. I created this site to journal my experiments, experiences and thoughts on working up multiple streams of income, in an attempt to achieve financial independence. I’m a happily married man and a father to two young boys. I don’t believe in working until i’m 65, maybe enjoy 5 years of retirement before starting to ache all over from basically growing old and tired.
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