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.
For sure we cannot predict the stable value of BTC because of volatile in the trade market. Plus the chaos happening right now, We can wait again for another bull run I guess? For now, we ETF will be one the solution if it's accepted worldwide.