And that said, the price right now could be undervalued, as hard as that is to believe!
We absolutely know that's true, because if China and other nations hadn't been imposing regulatory impediments to the preferences of firms and individuals, then the price would be significantly higher.
But they are.
Markets deal with realities, not "what the price would be if ... ". Central authorities can influence prices far beyond their actual on the ground impact using propaganda, irrational psychological reactions of crowds (chilling effects) and overt price controls.