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Bitcoin 101 - Modelling the Price of Bitcoin - Is a $100,000 bitcoin possible?

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Published on Jun 28, 2014

Can the price of Bitcoin reach two thousand dollars, ten thousand, or more? Even if you consider the blockchain as the fundamental innovation of Bitcoin, price matters, and indeed, the higher the price, the more Bitcoin is protected.

In this video we focus on price, specifically in the attempt to model the price of Bitcoin. Big investors make price models for assets. Trouble is they keep this information private. Models may not predict the price, but the certainly provide a better understanding. In this video, James walks you through the concepts and challenges of modelling the price of Bitcoin. From velocity, transaction volume, supply, to all the big markets Bitcoin proposes to disrupt (hedge funds, gold, e-commerce, money supply, remittances etc). Better still we walk you through the alpha version of our open-source model.

The live model:
http://worldbitcoinnetwork.com/Bitcoi...

GitHub code:
https://github.com/wobine/blackboard1...

Great post by Robert Sams:
http://cryptonomics.org/2014/02/18/ca...

By playing around with the model, you'll find yourself understanding the concept in a richer way, and soon you'll be walking and talking bitcoin price like a pro.


Welcome to WBN's Bitcoin 101 Blackboard Series -- a full beginner to expert course in bitcoin hosted by James D'Angelo. Please like, subscribe, comment or even drop a little jangly in our bitcoin tip jar
Our address...
https://blockchain.info/address/1javs...

Thanks, WBN

Follow me on Twitter @JamesGDAngelo

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