Tom Lee: New Way of Valuing Cryptocurrency

TL;DR:

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.

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I want users.
More users.
More addresses to be generated!

I told the girls in subway about BTC as I pick up my sandwich- they were like what? :slight_smile: It was really busy - told them to look it up.

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