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86 sats \ 1 reply \ @Undisciplined OP 21 Mar 2024 \ parent \ on: Reflections from the Nakamoto Simulator bitcoin
It's because most people don't think Bitcoin will emerge as money (or at least that it's not likely to). That leads to a lower valuation.
The fact that Bitcoin is appreciating so rapidly, though, indicates that it's been undervalued.
The fact that so few understand it and yet its market price is where it is at is wild to think about.
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