Paul ClancyDec 18, 2021 · 3 years ago6 answers Can Metcalfe's law be used to predict the future price of Bitcoin?
Is it possible to use Metcalfe's law to accurately predict the future price of Bitcoin? Metcalfe's law states that the value of a network is proportional to the square of the number of connected users. Considering that Bitcoin's value is derived from its network of users, can we apply this law to forecast its future price? Are there any limitations or factors that need to be taken into account when using Metcalfe's law for predicting Bitcoin's price?