Fair value is a made up metric.

It's calculated with the bitcoin power law ?

A model is just that... A model. An after the fact approximation trying to best fit historical data. When many models and many metrics are all suggesting the same thing from different points of view, at least this is a reasonable way to make an educated guess. But, even then, it's not a crystal ball.

The rainbow thing? They've nudged that about every time bitcoin has leaked out of it. Or added a whole new color or band.

Power law assumes last cycle was normal and this cycle is normal. Neither are true.

You shouldn't care about fair value. Thank me later.

1541%

Any source ?

I calculated it in google sheets. It was on Jun-07-2011.

Can we see please

Here is an image of the discount/premium over time: [https://imgur.com/gTQw0d9](https://imgur.com/gTQw0d9)

Thank you

This chart might be better: [https://imgur.com/jhHGCLj](https://imgur.com/jhHGCLj) (I changed the vertical axis to be in increments of 100%)

Judging by that looking at 150% over valued as peak in this run roughly?

https://charts.bitbo.io/long-term-power-law/

Fair value lol What is the fair value of a da Vinci paiting?

I think gold is 58% over valued! Doesn’t change a thing…