07 Dec 2017
Bitcoin's own valuation measure is meaningless
Aficionados of bitcoin and other so-called ‘crypto assets’ have started to refer to their own kind of valuation measure – the NVT ratio. The only snag being it tells people nothing about valuation. As the perceived worth of a single bitcoin crisscrossed its way around the $10,000 (£7,455) mark for much of last week, a...