You can play with variables, numbers, conditions, whatever you want to put in the mix but once somebody recognizes the true value proposition of bitcoin then you need no formulas.
Bitcoin is one of the most revolutionary technologies of our time, the best synthesis of decades of cryptographic technology and research with some of the brightest minds working on it.
I am so glad I put my money in it when it was early enough.
Not denying that.
It is indeed an amazing invention and has started a whole industry with broader use cases for the blockchain technology.
Just trying to rationalize a valuation methodology here.
Companies, stocks, products... Everything has valuation models.
There is still the Stock to Flow but it is probably a bit reductive (it only considers scarcity).