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Alternative metric to market cap shows the "fair value" of Bitcoin: $7,415 - Coins On News
Bitcoin might be on sale, according to estimations provided by coinfairvalue.com, a website which estimates “fair value”, a metric that takes into account the supply of money, the amount of money supply lost and the velocity of money, an indicator for how much value was exchanged.It is quite a different way of looking at the value of cryptocurrencies to that offered by websites such as coinmarketcap.com, as there is no distinction between circulating supply and supply. The currency fair value model used by coinfairvalue to estimate a price of $7,415 per bitcoin utilizes several variables derived from Austrian economics in order