BEFORE diving into the Bitcoin valuation task, we must first acknowledge that this is no ordinary undertaking.
Unlike traditional assets such as stocks and bonds, Bitcoin lacks the typical characteristics required for traditional valuation methods. It doesn’t generate cash flows, pay dividends, or otherwise offer yields, and thus may be more reminiscent of commodities, which are both cyclical in nature and notoriously difficult to value.
Nevertheless, there are a number of sensible frameworks through which to view this evolution in money and finance.
So, in response to the question posed by Franklin J Parker – “On behalf of the professional investment community, I am respectfully asking...
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