Human capital is valuable and their team is remarkably impressive, but if you told me today that Bill Gates was making a cryptocurrency that was more in the concept stage, I wouldn't pay over $10b for it. I mean that's a unicorn. Your explanations for why it is undervalued explain more why its price is justified, but not that its valuation is which are two separate deals. Ideas can only be worth so much without execution and testing of scale, security, governance, etc.
You are viewing a single comment's thread from: