Bitcoin is 29% overvalued. Here’s where it will be trading in 2140.
Mark Hulbert
The latest forecast of the Metcalfe’s Law valuation model
Published:
Bitcoin is 29% overvalued.
That’s according to the valuation model that provides one of the most compelling and useful perspectives on bitcoin’s price. Based on something called Metcalfe’s Law , the model calculates bitcoin’s fair value at any given time to be a function of the number of bitcoins that have been mined up to that point. It was first proposed to me nearly five years ago by Claude Erb, a former commodities portfolio manager at TCW Group.