Bitcoin is Severely Undervalued

As of today, the entire Bitcoin market is worth $31 million USD. When you consider how many potential applications there are for Bitcoin, that is a shockingly low valuation.

What if, for example, the Team Fortress 2 hat economy was Bitcoin-driven (which it should be, to save people from PayPal and credit card fees). You might find this incredible, but the Team Fortress 2 hat economy, alone, is worth $52.7 million.

If it was purely Bitcoin-driven, Bitcoins would be worth $6.64 a piece. Don't even get me started on pants...

Posted in: applications,bitcoin value