Metcalfe’s law has been shown to define Bitcoin’s value in a medium to long term price. According to Metcalfe’s law, which was proposed by the Ethernet founder Bob Metcalfe in the 1980s, the value of a network is proportional to the square of its users. Researchers have been approximating blockchain based currency value with the application of Metcalfe’s law on the Bitcoin network. It models Bitcoin’s price as a function of the network effect. Metcalfe’s law has recently been used to approximate the valuations of Facebook, and internet usage in general.
We plot the latest Metcalfe’s law graph and its variants for BTC price prediction in this report.
Interested in buying Bitcoin but not so certain if it is a safe bet. Check out the report that actually predicts its value using Metcalfe’s Law.