Cointime Economics: A New Framework For Bitcoin On-Chain Analysis

In this white paper written for a broad investor audience, we detail Cointime Economics and then provide:

• A representation of Bitcoin’s economic state.
• Improvements to traditional Bitcoin valuation metrics.
• A new set of on-chain analytics to measure Bitcoin’s activity.

We also provide three case studies illustrating the potential benefits of Cointime Economics.

This white paper was authored by David Puell (@dpuellARK), Research Associate at ARK Invest, and co-authored by James Check, Lead Analyst at Glassnode. David is a full-time cryptocurrency on-chain analyst and market researcher. Glassnode is a blockchain data and intelligence provider that generates innovative on-chain metrics and tools for digital asset stakeholders.