The price of Bitcoin has fluctuated around the $800 mark in the past week, but one Silicon Valley venture capitalist thinks the virtual currency is extremely undervalued.
Chris Dixon, a partner with Andressen Horotwitz, says that the price could jump as high as $100,000. He cites domain names, some of which can go for millions of dollars apiece, as precedent for high-priced digital assets, according to a Jan. 15 story by Wired.
“I think it could be easily worth $100,000,” he told Wired in an interview.
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