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ARK, Glassnode propose Bitcoin economic analytics framework using new metric

Published 08/24/2023, 04:10 PM
Updated 08/24/2023, 05:40 PM
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ARK Invest and Glassnode have released white papers describing a proposed framework for analyzing Bitcoin on-chain metrics. The new method is called Cointime Economics and introduces a new measure – the coinblock – to represent the state of the Bitcoin (BTC) network.

Cointime Economics can be used to represent Bitcoin’s economic state in place of outstanding supply. The use of the new system may improve valuation metrics and provide a new analytical tool to measure Bitcoin activity, according to authors David Puell of ARK Invest and James Check of Glassnode. They said:

All Bitcoin coinblocks. Source: ARK Investment Management

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