Crypto Researcher Tobias Huber Believes Bitcoin Value Is Massively Underpriced

A Swiss researcher called Thomas Huber has recently proposed that Bitcoin is still very undervalued because the investors might be missing its “value proposition”. Huber is a member of the Chair of Entrepreneurial Risks at the Department of Management, Technology and Economics at ETH Zurich University.

The researcher made claims that there are essential benefits that most people are simply not taking into account when they consider the price of the token. According to him, Bitcoin is the only viable candidate for a way to store value in a way that is non-sovereign for any country.

Bitcoin Underpriced

The main problem that Huber sees is that the investors are not taking into account that Bitcoin is the most secure, decentralized and censorship-resistant option and that this token can be the reinvention of money. This would take the price of Bitcoin up to the sky but it does not seem to be happening at the moment.

Even as the public opinion on Bitcoin is starting to change and some people are starting to believe in the currency, which lead to a surge in the price of almost $2,000 in a couple of days, is prompting a new bull market that might drive the prices upwards. However, there are still some drawbacks.

For example, regulators have recently declined to allow Bitcoin exchange-traded funds, ETFs, by the second time this week. While there are still some other candidates trying to make Bitcoin ETFs, the regulatory agencies are not very positive on the subject, or at least that is what it looks at the moment.

The main reason for the undervaluation of Bitcoin, according to Huber, is that many investors of Wall Street see Bitcoin as an asymmetric bet or a call option, not as the revolution that it actually is. This results in a massive undervaluation that simply ignores how Bitcoin is the store of value of the future.

Other tokens Will Not Be Like Bitcoin

Huber might be excited about Bitcoin, but he does not seem so much about Ethereum and other cryptocurrencies. According to him, these alternative cryptocurrencies will likely not see such a key money influx.

The explanation, according to Huber, is that given the open source nature the capture of value will not happen at the platform level. He believes that the value of ETH is already priced, while most of the value of Bitcoin will likely accrue to the unique network effects that Bitcoin will have as the winning monetary protocol.

Despite criticism that Bitcoin’s technology is not very good and that alternatives like Ethereum are better, the unique selling point of Bitcoin is that it remits money unfailingly. Just that.

One of the main arguments that Huber uses to defend Bitcoin is that a monetary protocol needs to be secure, decentralized and resistant to censorship. This means that a low rate of innovation is more a feature than a bug. According to him, monetary “innovation”, as the policies of central banks illustrate, are mainly a debasement of money.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Avatar
Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,482FansLike
2,795FollowersFollow
4,266FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Ethereum ‘Getting Ready for Spadina' Testnet Next Week

The Spadina testnet of ETH 2.0 has been scheduled for genesis before the month ends, on September 29 at 12 pm UTC, as per...

KuCoin Hack: Exchange’s Insurance Fund to Cover User Loss “Completely,” Tether Freezes 33M USDT

The Singapore-based cryptocurrency exchange KuCoin released a statement regarding detecting large withdrawals on September 26, 2020, at 03:05:37 (UTC+8). The exchange has reportedly lost $150...

Crypto Custodian, Anchorage, Adds Support for DeFi Tokens: BAL, NXM, AAVE, UNI, and YFI

Anchorage, the Delaware corporation headquartered in San Francisco, California, and digital asset custodian for institutional investors is diversifying its DeFi token options for its...

Coinbase Wallet Targeted by New Trojan Malware Dubbed ‘Alien’

The Coinbase wallet is among 226 Android applications targeted by a recently discovered Trojan dubbed ‘Alien.’ This malware mostly targets the financial services space...

Barstool Sports Dave Portnoy Sold $1.25M Worth of his Bitcoin Stash But He Will Be Back

After buying the top and selling the bottom, Barstool Sports Dave Portnoy appeared on Anthony Pompliano’s podcast on “The Pomp Podcast” to discuss bitcoin...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today