But what I personally believe is that Bitcoin is still undervalued today, and that it's price can rise not only because of the inflation of fiat money, but due to wider adoption, and that people who invest in it now will not only save their money in the sense of their buying power, but will be able to buy more goods and services compared to what they can buy now with the same amount. That's just my opinion, of course, I know, I can be wrong.
If you put it like that then it's undervalued for sure, but it's only like that for people who understand what Bitcoin is and how fundamentally important it could be in the future as a digitalized decentralized form of value.
I however do think that we need to find some more stability in order to make people feel comfortable enough to consider it money and a store of value. Currently the volatility is scaring them which is kinda understandable.
Bitcoin's benefit is that there is monetary utility that can be easily utilized, which is an incredible selling feature. If you look at gold, people only talk about it during economic turmoil but largely ignore it when the economies are strong.
It pretty much means that when the fear of a recession dims, gold will be sold to have that capital be utilized in a more efficient way. What else do people need gold for who don't care about its physical properties?
