FundStrat Global Advisors co-founder Tom Lee unveiled his unique way of valuing cryptocurrency. Lee said he built his short-term valuation model off of Metcalfe’s law, which says the value of a network is proportional to the square of the numbers of users on that network. "If you build a very simple model valuing bitcoin as the square function number of users times the average transaction value, 94 percent of the bitcoin movement over the past four years is explained by that equation,” he said. Bitcoin has exceeded the price project of that model in recent weeks. FundStrart believes a short-term correction is likely coming, but remains positive on the long-term future of bitcoin.