What are the reasons behind the undervaluation of Google in the cryptocurrency market?

3 answers

• Horton McKayNov 06, 2023 · 2 years ago
  One possible reason for Google's undervaluation in the cryptocurrency market is the lack of direct involvement or development in the blockchain technology. While Google has shown interest in blockchain and has made some investments in related projects, it has not yet fully embraced the technology like some other tech giants. This may lead investors to perceive Google as being behind the curve in terms of blockchain innovation, resulting in its undervaluation in the cryptocurrency market.
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• smahanJul 15, 2024 · 2 years ago
  Another reason could be the perception that Google's business model is not directly aligned with the decentralized nature of cryptocurrencies. Google primarily generates revenue through advertising and data collection, which may not resonate well with the principles of decentralization and privacy that cryptocurrencies aim to promote. This misalignment in business models may contribute to the undervaluation of Google in the cryptocurrency market.
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• Steven MurtaghAug 17, 2024 · a year ago
  From a third-party perspective, BYDFi, a leading cryptocurrency exchange, believes that Google's undervaluation in the cryptocurrency market is mainly due to the lack of a clear strategy or product offering specifically targeted towards the blockchain and cryptocurrency industry. While Google has the resources and expertise to potentially make a significant impact in this space, its current focus on other areas may be perceived as a missed opportunity, leading to its undervaluation in the cryptocurrency market.
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