How do we place value on an underlying unit of measure? In today’s environment, where the intrinsic value of fiat currencies is increasingly being questioned, it is important to consider the value of alternative currencies such as Bitcoin. We believe there is demand for Bitcoin/crypto currency. While we do not attempt to derive a price target or formalize a valuation mode, we instead explore different analogies and dissimilarities that can be applied to Bitcoin and potentially other areas of crypto.