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Price-Models Revisited, Price vs Relative Value with Steven Lubka, John Haar and Greg Foss - July 21st, 2023

The Café Bitcoin Podcast

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How to Model Relative Value in Bitcoin

John: I think i can help chamen with something here because uh something steven said earlier boss that you were not on for steven highlighted that it is a useful exercise to say bitcoin might capture x percentage of financial assets in the world correct. That to me is a type of relative value analysis and  that's exactly what i start my whole process by saying why is my two million dollar price target in bitcoin in today's dollars how do i get there? "I've spent my life trading probabilities probabilities are unexpected outcome but not a certain outcome right steven?" he says. 'That's why i say it's so friggin cheap on a probability adjusted basis'

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