https://mtgox.com/press_release_20120201.html
p. 11-14 relevant to us.
MtGox has ~1 million Bitcoins according to Mark, so now all we have to do is make guesses for the total USD side based on deposit/withdrawal and market volumes to estimate a possible over- or undervaluation.
Also keep in mind that technically, there exist 8.2 million BTC. Anyone who can provide how many of them didn’t move for a very long period?
--
My guess is 30 million USD total on MtGox. This is nothing in the financial world and it is likely more than most people would have imagined, therefore I am bullish. Bitcoin has been severely undervalued in the ride down from June and this will now be corrected.
