Analyst Venturefounder tweeted that the actual price of Bitcoin BTC -0.21% is the value of all Bitcoins at the purchase price divided by the number of Bitcoins. This is the average cost basis to buy all Bitcoins. $21,700 is the actual price of Bitcoin right now.
Bitcoin has traded below its actual price only a few times in its history, each time during a bottoming period near the bottom of the cycle.
Bitcoin was above the actual price during the $25,000 rally and then back below it, currently generally less than the actual price, Bitcoin is undervalued for long-term investors, another interesting thing to note is that during the 2018 cycle In , Bitcoin bottomed out at a 30% discount to the realized price.
The closest discount to the actual price this cycle was 16%, and now a 30% discount to the realized price would bring Bitcoin to $15,000.
