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Do you think Bitcoin is overvalued?

  • Thread starter Thread starter deucher
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deucher

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In my opinion, with so many people and money reigning in cryptocurrency, the price of bitcoin is not fair and in my opinion it should not exceed 20 thousand, of course I could be wrong, but relative to 2019, the amount of money in cryptocurrency decreased by three times and people who were ready to invest all money in Bitcoin invested it either in other cryptocurrencies or in other areas of investment
 
All this depends on supply and demand, the supply is reduced and there are many people interested in Bitcoin, both institutional and retail investors, this makes its capitalization high and therefore also its price, but I cannot risk saying that it is overvalued.
 
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