Bitcoin Remains the Most Undervalued Cryptocurrency, Even Though Its Price Has Passed the $10K

The best is yet to come for Bitcoin.

It is February 9, 2020 and the price of Bitcoin has just passed the symbolic $10K mark. This is the first time in 2020 that Bitcoin crosses this highly symbolic threshold.

Crossing this threshold will make noise beyond the cryptocurrency world. Many people will therefore ask the following question:

Is this the perfect time to buy Bitcoin?

This question comes up again and again and many people around me keep asking me this question.

I already answered it with a story on Medium on October 1st 2019 when the price of Bitcoin was around $8K.

The question always comes up again and I answered it again at the end of October 2019 when the price of Bitcoin was below $7,500.

In both cases, my answer was the same:

With the Bitcoin Halving expected for May 2020, the decision to buy more Bitcoin with a price below $10K seemed obvious.

Now that Bitcoin has just passed the $10K mark after starting the year on January 1, 2020 with a price of $7,300, many are wondering if it is too late.

I think it’s interesting to answer that question again and explain why I still plan to buy Bitcoin when its price has just passed $10K.