BTC price prediction from Quinlan & Associates, they say they have used multiple valuation methods
- "As an asset, we valued Bitcoin using a cost of production approach and a store of value approach, resulting in values of USD 2,161 and USD 687 respectively.
- To value BTC as a currency, we estimated its utilization for both legal, retail transactions payments, as well as payments in the black market.
- After significant testing, we calculated the price of BTC 1 to be USD 1,780."
Says bitcoin is a bubble "waiting to burst."
There is more on the story here at Business Insider
Update:
