undervalued: bitcoin

It is kinda a joke but every joke has a little bit of a joke in it. "kinda" is because there are estimates that it is really "valued" at $10k, $40k, $200k and even $2.5 Million sometime soon. Although it is also very likely to enter some short term correction.

By the way, have you followed physical gold? It is almost like a crime to mention it in the crypto world and especially now, but wait till FIAT currencies start falling. There are already some wake up calls.

In my opinion the most undervalued are the ones that fix major Bitcoin shortcomings, in this order of priority:

1. Speed of transaction.
   A currency is not really a currency if you have to wait for 10 minutes or more for each transaction, although it could be still a valuable asset, like gold.

2. Privacy.
   It is a common misconception that bitcoin is anonymous. Absolutely not. It might be anonymous to a degree that i would not know about you until i know your wallet, but it is not really a barrier for the authorities and those with enough power.

3. Cost Of Transactions
   Bitcoin might not cost anything to you and me to exchange some between us but the overall cost of transactions to the whole system skyrocketed and it is having an effect on it as a whole. It used to be something like 2 cents per transaction, which is quite acceptable. I've seen recent estimates that Bitcoin transactions cost $2..$5 per transaction and it keeps going up.

4. Mining Scalability
   As the rewards for mining Bitcoin steadily goes down (in Bitcoins), if the price did not skyrocket the profitability of mining would go down a lot, especially because the cutting edge hardware becomes obsolete too fast. With the shortage of miners the stability of the blockchain goes down as well.It is not the problem for Bitcoin at the moment, but only because of its "luck" in skyrocketing in price. otherwise it would soon be a serious challenge.