Austrian economist Bitcoin has no intrinsic value

in bitcoin •  6 years ago 

Recently Austrian economist Fernando Ulrich said on Twitter that from an investment perspective intrinsic value (IV) refers to the "real economic value" of a company that Benjamin Graham proposed more than 100 years ago. . The intrinsic value of a company is usually calculated using the Cash Flow Discount Method (DCF) for a fundamental analysis. In this perspective Bitcoin has no intrinsic value.

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