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Analyst says 94% of bitcoin's price movement over the past four years can be explained by one equation

Business Insider Friday, 10 November 2017
Analyst says 94% of bitcoin's price movement over the past four years can be explained by one equation· *FundStrat cofounder Tom Lee says, "if you build a very simple model valuing bitcoin as the square function number of users times the average transaction value. 94% of the bitcoin moves over the past four years is explained by that equation."*
· *This model is based on Metcalfe's law, which says the value of a network is...
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News video: Bitcoin Price Tops $7,300

▶ Bitcoin Price Tops $7,300 00:42

See Also Fintech could be bigger than ATMs, PayPal, and Bitcoin combined THE BLOCKCHAIN IN BANKING REPORT: The future of blockchain solutions and technologies THE US FINTECH REGULATION REPORT: How the US regulatory environment is holding back the fintech industry This story was delivered to BI...

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