Posts with the tag “ico”
Valuations for Cryptocurrencies I – The Equation of Exchange
by Doug Faust on November 26th, 2017
Cryptocurrencies are a new asset class. The last major new asset class, common stock in companies, existed for hundreds of years before Benjamin Graham fully elucidated metrics for their valuation. Likewise cryptos exist and have market prices established through very liquid markets, but one of the first questions on any newly interested party’s lips is “well, what should a Bitcoin be worth thoug...