Econometric Models Put Bitcoin’s ‘Intrinsic Value’ between $1,080 and $8,778 by zeroshiki

bitcoin · @zeroshiki · Sep 2 '18

$0.02

Econometric Models Put Bitcoin’s ‘Intrinsic Value’ between $1,080 and $8,778

https://i2.wp.com/www.criptonoticias.com/wp-content/uploads/2018/07/bitcoin-mercado-precio-valor.jpg?resize=1280%2C640&ssl=1

The price of Bitcoin has stood in a range between $5,500 and $8,000 for three months, now hovering around the $7,000 handle.

Market participants could be in need of some price stability after the rally towards the $20,000 area in late 2017 and the subsequent downfall earlier this year.

However, opinions diverge when it comes to what the real price should be.

Econometric Models Estimate Bitcoin Price Based on Supply or Demand
Analysts use different methods and criteria to evaluate the intrinsic value of it and come up with price predictions ranging from zero to $1 million.

One criteria is the cost to mine one Bitcoin, which is used by Shidan Gouran, CEO of Global Blockchain.

Read more here: https://www.newsbtc.com/2018/09/01/econometric-models-put-bitcoins-intrinsic-value-between-1080-and-8778-11/

👍 cryptoshack, bitatlas, zeroshiki, gurunayak, skmedia

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