How to Value a Bitcoin? Tom Lee Say $6000 in Mid 2018. We Hit That Today.
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.
Bitcoin What Is It? The Exclusive Secrets Guide 2017 Click Here!
Bitcoin Is Exploding Again Right Now In 2017.
Everyday More And More People Are Catching On To Bitcoin. Here Are The Reasons Why You Should Too! Free Bitcoin With This Course. Exclusive Information By A Bitcoin Foundation Member Click Here!
Get Professional Bitcoin Trading Signals Straight to your Email to let you Know When to Buy or Sell
Click Here! to Learn More
Support Freedom and Liberty Ideas
http://www.freedomunchained.com
http://www.facebook.com/freedomunchained
Follow me
Twitter | https://twitter.com/GarrettJGrubbs
Facebook | https://www.facebook.com/GarrettJGrubbs