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Bitcoin Network Researchers See ‘Substantial’ Overvaluation

Bloomberg business news

Bitcoin: What’s Coming in the Year Ahead

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Given Bitcoin’s meteoric rise in 2017, and persistent slump this year, it’s easy to wonder just how much the digital currency is really worth.

Researchers at ETH Zurich say they may have found an answer: Bitcoin’s value is based on the network of people who use it. And they suspect that the currency is overvalued.