Disclaimer:

Disclaimer: The blog posts and comments on this blog and posts on social networks are not investment recommendation, are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed on the blog are Petar Posledovich's. Petar Posledovich does not guarantee the accuracy of the information presented on this blog and social networks. The information presented is "as is". The blog is stocks analysis and valuation, Bitcoin, Cryptocurrencies, Artificial Intelligence, AI, deep-learning focused. Independent, unbiased AI insights. Petar Vladimirov Posledovich is not liable for any investment losses incurred by reading and interpreting blog posts on this blog and posts on social networks. Conflicts of interest: I may possess some of the securities, currencies or their derivatives mentioned in the blog post and posts on social networks! The blog is property of Wolfteam Ltd. www.wolfteamedge.com Respectfully yours, Petar Posledovich

Monday, February 7, 2022

Bitcoin, Other Cryptocurrencies and Technology Stocks Will Soon Become Undervalued


Bitcoin is currently trading at 44 400 USD. 

If Bitcoin's price and the Nasdaq Composite Index fall by 25 % or more from current levels they will be on the verge of becoming undervalued, as far as I am concerned.

If that happens, Bitcoin and most other  cryptocurrencies will become undervalued. 

High volatility stocks tend to overshoot both to the upside and to the downside. Meta(Facebook), Pinterest and Snap(Snapchat) have lost more than 30 % of their market capitalizations in the last three months. I think their business models are still sound. Yes, they were grossly overvalued, but now things are starting to change.

Bitcoin and other cryptocurrencies will simply revolutionize our world creating huge amount of riches, progress and well being in the process.

Yes, I do agree with Cathie Wood about innovation. Yes, "innovation is on sale", not now, but soon.

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