Thursday, July 27, 2017

As a company, bitcoin is worth 40 billion

It offers a worldwide exchange service over the internet between a network of untrusted parties for a small ledger fee.  As a high tech company, a conservative evaluation, compared to the ledger fees on the USD, and a PE of 40, make it 40 B, not counting ad revenue.

Bitcoin is not worth nothing as some mistakenly believe, like gold, bitcoin has a permanent demand for its service.  Add branded side chains, custodial coin, secure element then its value should quadruple, without even considering it money.

But wait, that's not all

The market size for bankers' coin, utilizing a hardware secure distributed clearing system, should be four times the market size for bitcoin.  Bankers' coin should grab the lion's share of domestic retail purchases.  The currently non existent company wis worth 200 billion.

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