I am wondering analysis of bitcoin price/value.
I see some simplified econmics model in Princeton course about bitcoin.
That is Supply = T/P
Demand = S/D
For price P = TD/S.
Although it is simplied model, while it provides basic thinking about it.
My question is is there other popular model/formula about it ?
The model/formula for bitcoin price is not viable as it is simply the principle of financial supply.
There is no specific formula for bitcoin as it is greatly affected only by its law of supply and demand. The market is driven by how the people manage the market and any negative or positive news that will come will definitely make bitcoin price pump or dump.
This is the basic factor that defines the value of anything that is in the market. When oil got accumulated, the availability decreases and further the market price of the oil will be upon the price mentioned by the one accumulating the large volume. Same is here with the whales of the bitcoin who at times manipulate the market and define the price. There will be some formula, but to find the same isn't possible as the market won't travel over the same forever.