A Fidelity analyst has proposed different valuation models for Bitcoin, one of which hypothesizes that the cryptocurrency could be worth $1.2 million by 2030.

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These 4 valuation models give widely different estimates of how much the bellwether cryptocurrency is worth Last Updated: June 10, 2023 at 10:40 a.m. ET First Published: June 8, 2023 at 7:18 a.m. ET ...

Early models will always be clumsy, but the worst mistake is sticking with frameworks that no longer fit. Blockchains are still searching for their rightful valuation narrative.