Many investors hit a wall in their Bitcoin studies that this book attempts to solve. For example, one common complaint is “I cannot value Bitcoin.” Investors have a plethora of tools to find the intrinsic value of a specific equity such as discounted cash flow analysis or liquidation value. They can also compare equities on a relative basis through Price to Equity, Price to Book, Return on Invested Capital, and so on. Investors can also calculate the present value of a bond’s future coupon payments. Aside from cash flow analysis, bonds are also more straightforward because they offer a clearly advertised yield. Unlike traditional assets, Bitcoin does not have a yield, it does not have a balance sheet, and it does not ...
Get Understanding Cryptocurrencies now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
