Is bitcoin 91% undervalued?

"Grayscale’s Bitcoin Investment Trust is currently the only publicly quoted and traded security which places a 91% premium on Bitcoin’s price, trading it at $7,690 per share (as of late August). If the public markets are willing to place a significant premium on Bitcoin, it means the investors are willing to bet that the price of Bitcoin will increase to support this investment."

Also, as I previously posted and being suggesting for years for those not sure about investing in bitcoin or not, I suggested that they put 1% of their net worth into it. Funny... look who did that as well: "Bill Miller, the former Legg Mason chairman and CIO, put 1% of his net worth in Bitcoin in 2014. Forbes recently reported the value has increased ten-fold and is now a top holding in his $2 billion hedge fund."

Bigger than facebook. Looks like the twins will do better than their thief nemesis, just need a few more years: "The Winklevoss twins' current market estimates of their Bitcoin holdings based on their last ownership claim peg their stake at around $4.3 billion, assuming they haven’t sold any. They are known for their efforts to list COIN, a proposed ETF that was shot down by the SEC in April. They are currently appealing the decision."

Agreed: "My bet is that big money is already quietly moving money into the currency, and very soon more and more mainstream news outlets will start covering the cryptocurrency."

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