Is Bitcoin Still Considered Cheap In 2020? – CryptoPotato
Bitcoin has seen a sharp rise in price over the past month, going from $ 9,000 to around $ 12,000. Heading into five-digit price territory, this 33% increase leads many to believe that the main cryptocurrency may be too expensive and the train has left the station.
However, looking at Bitcoin’s pre-programmed deflationary mechanism and several macro factors, the asset’s price may in fact be…