Bitcoin’s Fair Value Is a Lot Less Than the Market Thinks

Bitcoin’s just worth is $20,851, according to the lone valuation exemplary I’m alert of for this best-known cryptocurrency.

Your absorption to this depends successful portion connected whether you spot the solid arsenic half-full oregon half-empty. On the 1 hand, this fair-value estimation is little than fractional Bitcoin’s existent terms of astir $42,000. On the other, the exemplary ascribes acold much worth to Bitcoin than those skeptics who importune that the cryptocurrency is worthless.

The...