Why Bitcoin’s market cap should be $10-$200 trillion – Dan Held
The current market capitalization of Bitcoin is severely undervalued, with the fair value being somewhere in the millions per coin in current dollar terms, said Dan Held, director of growth at Kraken.
Speaking to David Lin, anchor for Kitco News, Held said that “I think Bitcoin’s market capitalization should be between $10 and $200 trillion, would be the most appropriate valuation.”
For more information on Held’s thesis and Bitcoin’s adoption curve, watch the video above. Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV).