Browsed by
Tag: bank

Bitcoin Undervalued By Over $200, Investment Bank Report Finds ?>

Bitcoin Undervalued By Over $200, Investment Bank Report Finds

Investment bank and asset management firm Needham & Company has released a report that concludes that bitcoin is currently undervalued by 58%┬ábased on today’s price.

The report values bitcoin at $655, compared to about $412 today and advises that investors buy shares in the Bitcoin Investment Trust (GBTC), a vehicle for speculators to invest in bitcoin without actually buying and holding the asset.

Spencer Bogart, author of the report and Needham’s newly appointed equity research associate in charge of bitcoin and blockchain,…

Read More Read More