Wednesday, June 21, 2017

Model the market cap for bitcoin

Investment Legend Bill Miller Still Bullish on Bitcoin

The bitcoin network hedges central banks.  There are about six central banks it hedges and at any given point about two of them will be herking and jerking.  Each of the herkies is a diversion of about 20 billion, and the bitcoiners have to push 40 billion, typically, before ledger fees jump.

Then go with a risk stock to flow of six.  It is ok because this is a managed congestion.  
6 * 40  = 240 billion bitcoin market cap.

No comments: