Valuing BTC Using a Macro Framework
Considering what we know about the world, I personally believe that Bitcoin may well explode
in value as more and more people begin to use it.
If you stuck $5,000 into Bitcoins and each Bitcoin did go up to a gold equivalent of let’s
say, only 100 ounces of gold (not the potential fair value of 700), then at current prices
your Bitcoin stash would be worth $3.3m.
Now that’s what I call a tail-risk option. It’s either worth zero or it’s worth a truly outstanding
amount of money.
I bet you never thought you’d see this in a macro publication. But I’m serious. This just might
work.
Trade Recommendation:
Buy Bitcoin
Note: This is an excerpt that appeared in the November 2013 Monthly of The
Global Macro Investor, written and published by Raoul Pal
Bit coin was priced at $210 at time of publication on November 1
st
.
Page 9/10
Free Download
Valuing BTC Using a Macro Framework PDF
Favor this template? Just fancy it by voting!
(0 Votes)
0.0
Related Forms
