Bitcoin Is Ludicrously Underpriced Says Ex-Goldman Sachs Exec

Aug 1, 2019 

The picture above is a screenshot of a transaction, which I completed, of just about 1 Bitcoin that I sold back on Christmas Eve of 2014 for $321.50 minus fees.

Why did I sell it? Because in 2014, I was not convinced that Bitcoin was going to be the real deal yet.

Like most people, I could not even imagine at that time that Bitcoin would be $5,000 much less go to $20,000 by the end of 2017.

Regardless of your feelings about Bitcoin…maybe you like it, maybe you don’t, maybe you are indifferent…it really doesn’t matter.

What matters is that Bitcoin and especially the underlying technology behind it, the Blockchain, is the most important invention since the Internet itself!

And it is currently underpriced!

I certainly agree with Raoul Pal, the ex-Goldman Sachs executive who recently said this in a Bitcoinist article:

“…If you try and get your head around the digitization of everything, if you try and get your head around an alternative financial system, even if it has a low probability, right? If you recreate a low probability of, let’s say, what’s the global money supply and global debt? It’s something like, I don’t know, call it 80 trillion dollars or something,” he said.

“…So if it’s worth 80 trillion dollars, let’s say you have a 10% probability, that’s 8 trillion dollars. It’s currently worth 200 billion dollars. So even if there’s a 1% chance of working… what it’s telling you is (Bitcoin is) ludicrously underpriced if any of these probabilities play out.”

85% of all the Bitcoin that will ever be mined is currently in circulation and another “halving” recently happened in May 2020.

Bitcoin Halving Makes BTC Even More Underpriced

This “Bitcoin halving” means that Bitcoin got even more scarce as the mining reward was cut in half again in May 2020, which eventually leads to higher prices.

Don’t worry if you don’t know what all this means. It just means you need to do a little research.

I urge to do so and then BUY some! All you need, according to some high profile analysts, is .22 BTC to be in the top 1% of the population.

The Federal Reserve also just cut interest rates.  (See History of the Federal Reserve: You Have a Choice)

They (The Fed) do this to devalue the currency so that it looks more attractive to investors, and foreign trade, and to prop up the Stock Market and, seemingly, the US economy.

They do not do this because things are going well for the economy. Its exactly the opposite.

With most American individuals, families, and US corporations deep in debt, the Fed knows that these groups cannot handle interest rates being raised to an acceptable rate.

It will cause a crash in the stock market, but that is coming anyway. All the Fed can do is prolong its coming, but they cannot stop it.

The Fed’s band-aid game is all a farce and based on funny money, and no real economic growth. That’s why the house of cards will come tumbling down once again, as it did in 2008, caused by themselves.

By the way, the only time I will invest in the stock market again is AFTER the coming crash, not before!

Unfortunately, most Americans have very little knowledge of monetary history and general economics because it is not taught in schools the way it should be. (Read: The Creature from Jekyll Island)

This is exactly why Bitcoin is so important.

The Fed just showed exactly why we need an alternative like Bitcoin, Gold, Silver, etc…

You know what else I think is “ludicrously underpriced”?

Litecoin!

I don’t care how much Bitcoin you buy. Try to get .22 BTC or 1 full Bitcoin, if you can afford it, but whatever you do, buy SOMETHING, any amount you can afford.

Buy Underpriced Bitcoin and Litecoin While You Still Can

Yes, Bitcoin’s current $10,000 may seem like a lot, but how will you feel when a single Bitcoin is priced at $1,000,000?

$10,000 BTC doesn’t seem like so much anymore, does it?!

Don’t wait for lower prices. We may never see a Bitcoin price at these $10K levels again. Take a little bit out of each paycheck if you have to.

That’s my recommendation – and probably the best thing I can ever tell anyone for the times that we live in.

All of this is only my own opinion, of course, and not financial advice.

It is of my honest opinion that this is a once in a lifetime kind of thing we are talking about here.

Make sure you look into it pronto!

~ Mike J Anthony

P.S. The image at the top of this email is a real life transaction of mine where I stupidly sold 1 Bitcoin back on Christmas Eve 2014 when it was only $321.50 per Bitcoin. You see? I had to learn the hard way like everyone else! Don’t make that mistake: BUY AND HOLD!