Metcalfe’s Law and Bitcoin’s Value

This article was additionally published by Coinmotion, the leading digital asset exchange in Nordics.

Metcalfe’s Law was originally presented in 1980 by Robert Metcalfe, describing “compatible communicating devices”. The theory was later refined in 1993 by George Gilder, referring to Ethernet. In its basic form, Metcalfe’s Law states that the value of a telecommunications network is proportional to the