Bitcoin Watch – Swiss researchers claim Bitcoin is overvalued

Swiss researchers have used Metcalfe’s law to value Bitcoin, and the result isn’t good news for investors. Metcalfe’s law claims a network’s value is proportional to the number of its users squared. Researchers at ETH Zurich applied this theory to Bitcoin’s current valuations and surmised that by the end of 2018 Bitcoin’s value will drop by as much as USD44 billion or 35%.

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