How to value a bitcoin
Автор: Personal Finance Insider
Загружено: 2017-10-19
Просмотров: 159086
In the first episode of "the bit," FundStrat Global Advisor co-founder Tom Lee explains different methodologies for valuing bitcoin. Lee shares his short-term and long-term bitcoin price targets based on these valuation methods.
According to Tom Lee, 94% of the variation in the price of bitcoin is explained using their model employing Metcalfe’s Law. Metcalfe’s law says the value of a network is proportional to the square of the number of users on the network. Based on this model, Lee expects the value of bitcoin to be $6,000 by the middle of 2018.
FundStrat uses a different method to come up with its long-term price target. According to Lee it is conservative to estimate that bitcoin and other cryptocurrencies would represent 5% of the money parked in gold. Based on FundStrat’s assumptions this would value bitcoin at $25,000 by 2022.
Read more: http://www.businessinsider.com/sai
FACEBOOK: / techinsider
TWITTER: / techinsider
INSTAGRAM: / tech_insider
Доступные форматы для скачивания:
Скачать видео mp4
-
Информация по загрузке:
