Has anyone else developed a model for valuing Bitcoin? What number did you reach?

Context: I believe Bitcoin is currently overvalued by around $500. I have been playing with some valuation models recently (have a quant/finance background) and have been measuring relationships between wallet growth, tx info like volume and fees, and transaction velocity against social sentiment over time, which got me to a "true" value of ~$5812. This isn't exactly speculation, but it's not baseless either so I'm interested in how you guys have approached the problem.