We wrote this 6 years ago this month, it included our Bitcoin valuation metric, which attributes Bitcoins fiat value vs the % of global GDP or adoption of BTC in regards to the size of the nominal value of global GDP. What is funny is at 1% we valued Bitcoin at $43k which is where it is trading today! Anyway its great to go back and reread old posts because everything we do is accountable and someone, somewhere will always be able to look up what you said or did now that we have the internet and archives. Anyway here is that chart and link to the old post for your reading pleasure, SP or BTC Where's the Value?
Ok that is it for now.
DISCLAIMER: For educational purposes only. This is not a solicitation to buy or sell commodity futures or options. The risk of trading securities, futures and options can be substantial and is not for everyone. Such investments may not be appropriate for the recipient. The valuation of futures and options may fluctuate, and, as a result, clients may lose more than their original investment. Nothing contained in this message may be construed as an express or an implied promise, guarantee or implication by, of or from the author Mike Agne owner of Magnelibra Capital Advisors. Magnelibra the CTA and its Global Futures Benchmark Program may hold long and or short positions in the various futures and markets that Magnelibra covers. We will never claim that you will profit or that losses can or will be limited in any manner whatsoever. Past performance is not necessarily indicative of future results. Although care has been taken to assure the accuracy, completeness and reliability of the information contained herein, we make no warranty, express or implied, or assume any legal liability or responsibility for the accuracy, completeness, reliability or usefulness of any information, product, service or process disclosed.
