Express
Cryptos Are "Dramatically Undervalued" Compared To Other Stores Of Value, Says One River CEO
Summary: One River, an asset management company known for purchasing over $600 million in Bitcoin, is very optimistic about cryptocurrencies. CEO Eric Peters said in an interview with Bloomberg that Bitcoin and cryptocurrencies are "dramatically undervalued" compared with other stores of value, and the Covid-19 pandemic has become an ideal "driver" for the development of cryptocurrencies. Peters stated: "That's ...
One River, an asset management company known for purchasing over $600 million in Bitcoin, is very optimistic about cryptocurrencies.
CEO Eric Peters said in an interview with Bloomberg that Bitcoin and cryptocurrencies are "dramatically undervalued" compared with other stores of value, and the Covid-19 pandemic has become an ideal "driver" for the development of cryptocurrencies.
Peters stated: "That's what makes us excited about these—it's an undervalued asset for that macro backdrop."
He also mentioned the technology of cryptocurrencies, especially the scaling ones, added: "I have seen a whole range of emerging second-layer applications that will be built upon this technology platform, and they are super promising. I’ve seen enough to know that, in essence, tomorrow is going to look better than today. And think when you’re investing, it’s incredibly important.”
By Mary Liu
Tags: Bitcoin,Cryptocurrency,Eric Peters,One River
Link: Cryptos Are "Dramatically Undervalued" Compared To Other Stores Of Value, Says One River CEO [Copy]
