An alternative model of Metcalfe’s Law for valuing Bitcoin

Ben Van Vliet

Economics Letters, 2018, vol. 165, issue C, 70-72

Abstract: This short paper presents a new model of the market capitalization of Bitcoin that builds upon a standard model based upon Metcalfe’s Law. The model incorporates the logistic diffusion of the innovation, which could be extended to capture population and economic factors. This model appears to have some improved efficacy over the standard model. Using this model, some areas for future research are briefly discussed.

Keywords: Cryptocurrency; Metcalfe’s Law; Diffusion of innovation (search for similar items in EconPapers)
JEL-codes: C22 C5 G1 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (19)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:165:y:2018:i:c:p:70-72

DOI: 10.1016/j.econlet.2018.02.007

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