I’m not the most knowledgeable but I’ve been doing my own research for a few years now and I’m looking to test a theory Ive come up with.
I saw this graph recently. It shows btc and eth price movements matched from the day each one reached 1 million active users.
As you can see the price movements are almost identical. However these movements are occurring years apart. To me (and again I am an untrained eye I don’t know shit really) this fact means that Metcalfes law is the driving factor in the price movements of both BTC and ETH.
Please let me know if I am greatly mistaken. I assume I am. However if not this makes me that much more confident in the future.