Bitcoin BTC

Price

At a glance

The four pillars

Each scored 0–100 relative to the Store of Value sector (not absolute). Composite weights are sector-specific.

Valuation

Bitcoin has no cash flow; pretending otherwise is the false precision we ban. It is a monetary network — valued as adoption × scarcity × security and timed with liquidity. The full-cycle rich/cheap gauge is MVRV (price vs capital actually deployed); extremes are reliable, the middle is noise. We forecast regime alignment — the macro engine's liquidity turn is the tailwind — never a dated price target.

Tokenomics & dilution

Float is 100% of fully-diluted — most supply is already liquid, so dilution overhang is minimal (a structural positive). Hard-capped max supply (21,000,000) — no perpetual inflation. Unlock dates are contractual and public — the closest thing crypto has to an earnings calendar, and the market systematically underprices them. (Live unlock-calendar integration is the next data layer.)

Network & moat

Value capture: MONETARY — valued as a scarce monetary network, no cash flows. Network/moat is this token's heaviest pillar — the Metcalfe lens (value scales with the square of real users) and the 'economic value destroyed if you turn it off' test. Winners compound network effects; that's why the moat pillar is slow-moving and structural.

How to invest

Hold / watch — own it for sector exposure, not as a standout; trade around a core. Below the 200-day ($75,069.70) — trend is broken; wait for reclaim before accumulating.