btc.upper.bound.user: Compute the bitcoin upper bound with user-delivered inputs
In deanfantazzini/bitcoinFinance: Quantitative Finance with Cryptocurrencies

btc.upper.bound.user

R Documentation

Compute the bitcoin upper bound with user-delivered inputs

Description

This function computes the bitcoin upper bound with inputs given by the user and not taken from the web

Usage

btc.upper.bound.user(
  HSC.ratio = 0.04,
  Ecommerce = 224,
  bitcoinshare = 0.1,
  GDP.ratio = 5,
  metrics = c(9, 0.9, 4.5),
  price.silver = 17,
  total.silver.eagles = 4e+08,
  TOTBC.u = 1.1e+07
)

Arguments

`HSC.ratio`	is the US household checking deposits and cash / US personal consumption ratio
`Ecommerce`	is the total B2C e-commerce sales (in billions)
`bitcoinshare`	is the bitcoin share of of all on-line shopping
`GDP.ratio`	is the World GDP / US GDP ratio
`metrics`	is a vector cointaining the market capitalization of Western Union, MoneyGram and Euronet (in billions)
`price.silver`	is the price of a silver eagle coin
`total.silver.eagles`	is the total US silver eagle coints minted since 1986
`TOTBC.u`	is the total number of bitcoin in circulation

Details

This function computes the bitcoin upper bound with inputs given by the user

Value

x the bitcoin upper bound

References

Woo D., Gordon I., Iaralov V. (2013). Bitcoin: a first assessment. FX and Rates, December 2013, Bank of America Merrill Lynch.

Examples

#This reproduces the example in Woo et al.(2013).
#It uses data up to December 2012.
 btc.upper.bound.user(HSC.ratio=0.04, Ecommerce= 224, bitcoinshare=0.1, GDP.ratio=5,
 metrics=c(8.5, 0.8, 4.2), price.silver=29, total.silver.eagles=337031982, TOTBC.u=10613175)
#  1398.673

deanfantazzini/bitcoinFinance documentation built on June 12, 2024, 4:10 p.m.