Darin Feinstein, founder of Core Scientific, recently asserted that Bitcoin is still massively undervalued.
In a July 4 post on X, Feinstein shared his insights and personal experiences within the world of Bitcoin.
Bitcoin’s True Value
In the post, he stressed that the true value of Bitcoin lies in its underlying technology: the immutable ledger on which it operates.
“What is still massively undervalued about Bitcoin is that the immutable ledger that Bitcoin runs on is infinitely more valuable than the Bitcoin itself. The ledger blockspace is still not priced in,” he explained. According to Feinstein, the Bitcoin ledger represents “the most important accounting ledger of all time and the only true record of history in humanity.”
Reflecting on Bitcoin’s growth, Feinstein emphasized the institutional and governmental support the cryptocurrency has gotten. “Now you have ETFs, governments HODLing, billionaires and Presidents supporting, and an understanding that this asset,
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