Please read the article twice, I believe you trying to be ignorance.

Bitcoin is replacing "GOLD" just as what the professor has to say, people willing to pay 7 trillions worth of dollar for GOLD, they are gonna pay 7 trillions of dollar to Bitcoin too, this is the value people are gonna pay for.

If you don't own Bitcoin(GOLD), you will be poor in the next decade.
:)

This is Information Age.
Everyone know what is happening to the financial world and what the central bank is doing.
They are moving away from this corrupting system that is aging quickly.
Some people do not know what is happening, and they are slow learner, reject to change, or pretentious.
Some people saw the change and move quickly.
Some people will want to stay sideline and wait to see what will happen.
There is always risk associated with this investment.

'Dean of Valuation' Believes Cryptocurrencies Are Replacing Gold

Aswath Damodaran, a professor of finance at New York University's Stern School of Business, is widely respected as an expert in valuing companies, so much so that he has been dubbed the "dean of valuation" by the finance industry. Thus, when he makes a prediction about a major financial matter, he tends to draw a great deal of attention from those interested in the investment potential his statements might suggest.

Now, Damodaran revealed in an interview with CNBC that he believes digital currencies will reach an equal level of importance to traditional paper currencies. He also feels cryptocurrencies have already replaced gold among a younger sect of investors.

Cryptocurrencies Supplant Lack of Trust in Gold

When asked why digital currencies like Bitcoin and Ethereum have taken the place of gold for some investors, Damodaran said "all currency is...based on trust. If you don't trust paper currency, historically what you've done is, you dumped paper currencies [and] you bought gold. Cryptocurrencies have taken the role of gold at least for younger investors because they don't trust paper currencies."

The numbers suggest Damodaran is correct: digital currency prices have surged throughout the year, with Ethereum up more than 24 times by the middle of this week, and Bitcoin up nearly 150%. And those levels aren't even the peaks, as the two leading digital currencies actually reached higher records earlier in the year before dipping somewhat.

Damodaran Defends Virtual Currencies

Damodaran defended digital currencies against skeptics who may be inclined to portray the mining process that generates the coins as a misallocation of resources like electricity or computing power.

"If you think about it, the print presses that run paper currencies. It's kind of a useless transaction," he said. "You're just printing paper. In a sense, all currency creation, it's not creating real economic growth by itself. The only reason currencies exist is for us to transact...if a digital currency can do it more efficiently than paper currency can, I think there is going to be a digital currency sooner or later that competes with the major paper currencies. Whether it is one of the existing cryptocurrencies, I don't know."

Damodaran holds a great deal of sway when it comes to valuation and general opinions about the state of the financial world. He now joins a growing list of major financial players and institutions that are increasingly trusting that digital currencies will be an era-defining technological innovation. As this is new territory for the finance world, the exact way in which the growth of the cryptocurrency industry will play out remains to be seen.

Don't be surprise value investors will start to invent creative, colorful and catchy valuation or intrinsic value on Bitcoin, this is their job to tell people to buy their useless dump.
:)

Why Bitcoin is cheap compare to stock market?

Reason number one : cryptocurrency, the next big thing after the Internet boom in y2k, is only valued at 400B to date, compare to paper gold, which valued at over 10 trillions dollar. Compare to many tech stock in NASDAQ, APPL inc $881B, FB $512B, AMZN $561B.

The true meaning of intelligence is the ability to adapt to the change as quickly as possible.
It is not about how much you know, not who you know, not where you are.

Success cannot copy
All the useless formula used to calculate valuation is as outdated as current banking system that never updated their windows XP to windows 10
And they hardly work, when they don't work, investors will be blamed for using the wrong formula.
:D

You know how Bitcoin billionaires are made? During the last crypto boom.
You know how warren Buffett become billions? During the last stock market boom.
You want to be rich like them? Don't buy their dump.
:)

I love market crash, it will finally awaken people how helpless this stock market has been, and people will start to endorse the brand new market, the cryptocurrency, some people will not change, some people will change, the people who can adapt to the change will ultimately find the real wealth.

The only real money is Bitcoin, land, property, real GOLD.
:)
Contract gold, shitcoin, paper stock, are all credit that serve no purpose except for quick pump and followed by endless dump.

Next market crash, the best thing to buy is Bitcoin, gold price is manipulated by bankers, Bitcoin in the other hand has millions of processing power to stop it from manipulation, even the CBOE have difficult time to run XBT future exchange, bankers will have no chance to manipulate Bitcoin as easily as they want.

Market craash

High speed trader = Bitcoin hacker, botnet, scam cloud mining, scam faucet
Institutional fund = high class feeder
Component/index stock = high profile scammers

Soon all these high market cap banking stock in KLCI will be replaced by Bitcoin, they are too outdated and too expensive to sustain.

It will crash very ugly very ugly.

EPF fast fast sell during bull market so they can throw all the toilet paper to investors/feeder.

Don't waste time on useless convertional stock market,
Go for the true next generation market, the Bitcoin next generation market place.
New economy, new money, new finance,

Alibaba founder Jack Ma has called the "Five Big New Trends"

Gst = donation to the bubble economy
Penny stock = ICO get dumped by the traders and never recovered.
:)

30% Bumi tongkat shares allocation = donation to the king
Robert K = traitor
DR. M = basher

SC = money game organizer scam organizer.
Central bank = legalized Loan shark to give loan to play casino
Value investing = last resort to restore confident

Money = gold = king = Bitcoin = USD = Jacob Rothschild = Petro dollar
:)

Fund manager = comedian
Banker = shitcoin, ico, IPO promoter
Analyst = bubble tea maker

Bursa = casino/Bitcoin/host
IPO = ICO, scam token, Mlm, jjptr, shit coin
Investor = water fish, bottom feeder
Director = scammer, game maker, jjptr hosting, Mlm hosting

:)

Sell all this useless KLCI
And all in Bitcoin
Next TP 30k then 40k 50k 100k

Bursa gamblers all very strong hodler
Despite international market trading at 15k
Local market still trading at 17k
:(

Two weeks later,
Bitcoin plummet to 20k
Four weeks later Bitcoin plummet to 30k
8 weeks later Bitcoin plummet to 45k...

Two days later: Bitcoin hit record high 20k, 30k, 40k ,,, 100k

13k to 15k to 17k
In TWO days!!
Please worship the descendant of the new world order!!

Bitcoin go parabolic already
Sure many i3 gambler went full FOMO tomorrow and rush to break their bank!!

Some people cut loss Bitcoin at 3000
Now they cry mother cannot recognize

20k minimum this month

Bitcoin TP 20k within this week
After that TP 30k, 40k, 50k ... 100k by 2018 year end

Sell everything all in Bitcoin
Once in a life time opportunity...
Next TP 20k
Now 15k only, very cheap...
Buy

Bitcoin 15k already!!
Faster buy now and tighten the seat belt to 20,000 ultra moon.

Sell all KLCI and all in Bitcoin
Next TP 20,000
Now 13,000 still very cheap

Sell all these useless stock and all in Bitcoin!!!
Next TP 19999.99
Next TP 99999.99
999999.99

Bitcoin very bullish
Don't waste time on useless KLCI and crooked fun manager
:)

Sell house and buy Bitcoin before the fun manager come in to buy!!
10 December 2017

Sell all KLCI component
Buy Bitcoin now!!
20k on the way.

Bitcoin ready to go for 20k
Sell KLCI all in Bitcoin now!!!

This stock market give me free airdrop also I don't want to take!!
Everyday drop only
I go take Bitcoin airdrop better, and it is backed by USD not your worthless toilet paper ringgit
:)

Bitcoin is full of opportunity
There is thousands of coins to choose from, some of them can make you instant millionaire, you do not find this opportunity in KLCI.

Bitcoin and airdrop is better than all this useless stock.
:D
Coldeye dunno what is Bitcoin too I think, too old to learn new opportunity.

Next put Bitcoin in KLCI component too.
So fund manager can buy it easily.

Sell KLCI and buy Bitcoin
Best decision ever made
Remember what KLCI did to investors in 1998/2008 and never recover.
:)

Regulated stock market is boring.
The bank only interested to punish speculators.
Everything they regulated will slowly ceased to existed.
Now they want to regulate Bitcoin
Then we can make another Bitcoin.

Next crisis is Petro dollar
Because Petro yuan is coming...
People are rushing to throw their USD for anything valuable.

KLCI is basically the elite ultra piggy bank, no matter how much money you invested will all go to these parasites. All this system, is corrupted, included the SC and the bank is corrupted too since they allow this to happen.

"
The memoirs also reveal how the greedy and powerful Malays abuse the 30% free stake of Chinese companies for the so-called poor Malays. After given the free shares, the Malays would sell off their shares for profit. Then they would claim that the same company that had already given away 30% has not fulfilled the obligation and is forced to give – again – free shares to meet the 30% requirement.
"

Limit down...

Next TP 20k no problem.
Fun manager want to go in too.
They want to have fun.

12,000 USD!!

Yes this bubble is very dangerous,
Value investor should stay out.
:))

All Bursa gamblers go buy Bitcoin.
Today the price shooting to the moon.