Bitcoin is obviously highly cheap, but it becomes much more so when you consider the premise that only 21 million Bitcoins will ever be created. If the larger crypto community and the financial world were aware of this, Bitcoin's price would be considerably higher right now.
What do you think?
Crypto community and financial world are already aware of this, so I think the price is where it should be for now... It's just that it's not the right time yet for bitcoin to highly increase in value yet.
Bitcoin is in second plan for wealthy investors for now. Their money must be somewhere else generating more profit than they could achieve with bitcoin at this moment. Once bitcoin becomes the most interesting opportunity for them again, we will see the price rising once more, exactly like last year.
On long run, the limited supply theory to explain the increasement in bitcoin's price makes total sense, but on the present time it doesn't make difference and proof of that is the currently bitcoin's value. As you said, pretty cheap!