Please correct me if this is wrong mathematically thinking.
The USD money supply is about 21.5 Trillion(21,500,000,000,000) If I have one piece of that called 1 Dollar I have 1/21,500,000,000,000 th of the money supply.
In comparison the Bitcoin supply today is about 19,000,000 full bitcoins ( not accounting for lost coins, etc.. )
Owning 1 bitcoin today in comparison to the USD money supply would mean that 1 bitcoin should be worth 1,131,579 USD...
Taking it further there are 1,900,000,000,000,000 satoshi's in the supply, making 1 sats worth about 0.0113157894736842 Cents ( a little over 1 cent)
Seems like based on just the supply Bitcoin is pretty undervalued.
Hopium !
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