FundStrat Global Advisor co-founder Tom Lee explains different methodologies for valuing bitcoin. Lee shares his short-term and long-term bitcoin price targets based on these valuation methods.
In the short-term we think bitcoin has really followed very closely the idea of acting like a social network. Meaning the more engagement there is, the greater the value rises.
Bitcoin represents a store of value because it's an encrypted — personal encrypted database, that for seven years hasn't been hacked.
Source: http://read.bi/2yTG1wV
