At $7,000, Bitcoin can be both undervalued or overvalued, depending on how the “intrinsic” value of the digital currency is calculated. If no one sees any value in it, it will naturally only command its ‘hard value’ price of about that much. On the one side, the Hayes’ model and the Market Model estimate the Bitcoin’s intrinsic value to be $8,778.11 and $8,335.54 respectively. On the other side, the Wheatley model focuses on bitcoin use, that is, on the demand side of the bitcoin market. At any rate, investors should take estimates of Bitcoin’s intrinsic value with extreme caution.

Source: Forbes September 01, 2018 00:55 UTC