BNY Mellon has taken on the difficult task of evaluating different methods of valuing Bitcoin in a March investment report, And in doing so, it’s spotlighted a controversial model that—if correct—would see Bitcoin’s price hit $100,000 to $288,000 this year.
BNY Mellon’s thoughts on the matter are important because it’s the largest custodian bank in the world, with over $25 trillion in assets. Its custodial role is soon to be expanding to Bitcoin and other cryptocurrencies, as a Wall Street Journal report revealed in February.
The research report, “Blending Art & Science: Bitcoin Valuations,” analyzes several possible models for determining how much BTC is worth without anointing any particular one. After taking readers through some valuation methods for gold, another asset that has been used as both a store of value and a medium of exchange, it delves into valuation models for Bitcoin, taking seriously some models that have been panned by other analysts.
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Źródło: https://decrypt.co/63311/bny-mellon-weighs-controversial-bitcoin-valuation-model
