Equity type frameworks don't work to value commodities. BTC, ETH, SOL (L1 tokens) are commodities. You can't use equity valuation frameworks to value these L1 tokens. Doesn't work.
If GOLD was a blockchain do you still use…
Equity type frameworks don't work to value commodities. BTC, ETH, SOL (L1 tokens) are commodities. You can't use equity valuation frameworks to value these L1 tokens. Doesn't work.