Edison has released its 8th and final part to its ‘Bitcoin investment thesis’. It talks about how and why Bitcoin is hard to value, but proposes ways to value it, both as well as valuing it as a medium of exchange and as a store of value. Milosz Papst, director at Edison Group says: “BTC cannot be valued using more traditional methods such as DCF. It is currently considered primarily a store of value and portfolio diversifier, suggesting that its total market value will be dependent on the extent to which it captures market share from other assets considered store of value, gold in particular. Several other digital assets offer a distinct utility and often also a staking yield, providing potential additional inputs for valuing them.”
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