Number of Users as Bitcoin Price Driver
May 24, 2019 - Currency Trading, Fundamental Valuation
How should investors assess whether the market is fairly valuing cryptocurrencies such as Bitcoin? In his March 2019 paper entitled “Bitcoin Spreads Like a Virus”, Timothy Peterson offers a way to value Bitcoin based on Metcalf’s Law (network economics) and a Gompertz function (often used to describe biological activity). The former model estimates fair price… Keep Reading