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.

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.

Furthermore, valuation models should rely on a host of different variables. A model based on just one multiple is like a one-legged stool—not sturdy or reliable.