To Value Bitcoin Now, Think Back to Internet Startups

If you accept that the currency will be the main pipe that finances cryptoenterprises, then current prices seem reasonable.
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Bitcoin’s meteoric rise is forcing analysts to look for a method to estimate a fundamental value for cryptocurrencies. So far, there is no agreement on a global standard, but bitcoins are unlikely to lose their leading role anytime soon. However there is plenty of room for downside if crypto-technologies do not deliver anticipated economic value, or if that value is not captured through bitcoin appreciation.
Credit: Bloomberg

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