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.
I think the price is much higher than you said. In fact the question of how limited the value of the limited Bitcoin is to the value of unlimited paper is strange. If we can value such a simple paper the value of Bitcoin should not be in anything else in the world.