• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Amazon and Walmart Eye Launch of Their Own Crypto, Details
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Amazon and Walmart Eye Launch of Their Own Crypto, Details
Mixed Feelings

Bitcoin Price ‘Should’ Fall, Swiss Researchers Say While Proponents Remain Positive

Georgi Georgiev
by Georgi Georgiev
7 years ago
·
Posted in News, Bitcoin, Bitcoin Price, News teaser
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

A group of Swiss professors published a paper indicating that the market value of Bitcoin shouldn’t be higher than $77 billion by year-end as per “Metcalfe’s Law.” This suggests an over 36% drop of its current $126 billion market cap.


In a paper named “Are Bitcoin Bubbles Predictable?” dated March 16th, 2018, a group of researchers, including Swiss professors Didier Sornette and Spencer Wheatley from ETH Zurich, stated that the value of Bitcoin’s network is directly proportional to the square of its users, citing Metcalfe’s Law.

By that logic, Bitcoin’s market cap should cripple down more than $41 billion, or over 36%, given its market capitalization during the time of press.

dark clouds

Cloudy Future According to Researchers

Despite Bitcoin’s wild run last year, its price went straight downhill in the first quarter of 2018. As of the time of writing, Bitcoin is currently trading at $6,879.25, representing a 7.9% drop within the last 24 hours, according to CoinMarketCap.

The Swiss researchers went on to suggest that the ramping volatility is far from being over.

“Looking forward, our analysis identifies a substantial but not unprecedented overvaluation in the price of bitcoin, suggesting many months of volatile sideways bitcoin prices ahead (from the time of writing, March 2018),” reads the paper.

Recovery after Regulation

As opposed to the stipulations in the cited research paper, prominent Bitcoin proponents remain bullish. Back in March, LDJ’s Capital David Drake went on record, saying that Bitcoin will go to $30K by year’s end. In an exclusive Bitcoinist interview from yesterday, Drake confirmed that he maintains his position, saying that there has been a push down on the pricing from “big investor groups” who stepped in rather late in a market that’s yet to be regulated.

Bitcoin

Drake also mentioned in the interview that the outcome of the regulatory dispute between the SEC holding that ICOs (Initial Coin Offerings) are securities as opposed to the CFTC’s position seeing Bitcoin as a commodity “will give direction on this and that is what everyone is waiting for.”

Furthermore, we saw Tom Lee, Head of Fundstrat Global Advisors, maintaining that the sharp drops in the price of Bitcoin might be largely over and that HODL makes sense. Lee also makes the same point as David Drake, holding that the regulatory hurdles are much likely to be over in the second half of 2018.

And while regulations should signal potential acknowledgment, Bitcoin’s price, as well as that of most major altcoins, continues to swing like a pendulum.

Do you think Bitcoin has reached the end of its bearish run? Or do you think rock bottom is yet to come? Please let us know in the comments below!


Images courtesy of Pixabay, Bitcoinist archives, and Shutterstock.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Georgi Georgiev

Georgi Georgiev

Follow

Full Profile

Related Posts

GameStop

GameStop Preps War Chest For Potential $1.75 Billion Bitcoin Play

1 day ago
Bitcoin

$130K Bitcoin Will Trigger A HODL Frenzy, CEO Says

1 day ago
Bitcoin

Bitcoin’s High Euphoria Spurs UK Company’s $5 Million Buy

2 days ago
Bitcoin

Spam Wars: Bitcoin Core Devs At Center Of Heated Debate

4 days ago
Netflix

1 Bitcoin Up For Grabs On Netflix Reality Show ‘House Of Streams’

5 days ago
Bitcoin price

Bitcoin Price Approaches $106,000 As Resurgence Continues — But Watch Out For This Level

5 days ago
Please login to join discussion

Premium Sponsors

Press Releases

  • ETHRANSACTION Cloud Mining: A Deep Dive into the Steady...

    50 minutes ago
  • Bitcoin plunge caused 250k people to be liquidated. Area...

    50 minutes ago
  • ETH rises better than BTC, cloud mining platform Ripplecoin...

    50 minutes ago
  • No equipment investment required! XRP Mining cloud mining...

    51 minutes ago
  • Blockchaincloudmining: XRP leads global payments, cloud...

    2 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.