As cryptocurrencies have no real-world value (by which I mean no role in real financial transactions) your model is probably better than most at predicting where Bitcoin valuation will go, as it’s all about gullible humans and not about the fundamental value of the asset class. As central bank interest rates remain very low, forcing investors to chase returns by piling into ever-more speculative asset classes, it’s clear that cryptocurrencies are among the many beneficiaries. Which will make the inevitable bust some years in the future very spectacular indeed.

Written by

Anyone who enjoys my articles here on Medium may be interested in my books Why Democracy Failed and The Praying Ape, both available from Amazon.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store