Back in September I've written down my thoughts on how Bitcoin price is determined in a two part blog (the second part is about pricing), and back then I conclu

Back in September I've written down my thoughts on how Bitcoin price is determined in a two part blog (the second part is about pricing), and back then I concluded that Bitcoin will falter if it does not reach the cap closer to that of gold, which has to do with the total "capacity" of Bitcoin as store of value, which is its market cap. It still has more than 10x of growth to get there. [1] https://grisha.org/blog/2017/09/22/bitcoin-value/ https://grisha.org/blog/2017/09/22/bitcoin-value/ [2] https://grisha.org/blog/2017/09/25/bitcoin-value-2/ https://grisha.org/blog/2017/09/25/bitcoin-value-2/