Bitcoin Prices Are Trading At An ‘Extreme Discount,’ Says Bloomberg Analyst

Bitcoin is significantly undervalued, according to several analysts.
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Bitcoin is currently trading at a substantial discount, according to Bloomberg Intelligence senior commodity strategist Mike McGlone.

He provided this assessment as the digital currency, the most valuable in terms of market value, has been stuck below $25,000 since June, TradingView data shows.

McGlone relied on several observations when making his case, and he also cited technical analysis,…
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