Thinking more about how to value this currency.
Its lack of historical stability is the main concern but this only because I currently own 'stable' british pounds.
What if I owned a highly inflationary currency.. what would then hold be back?
Report below considers just that and works out demand far outstrips supply.
Puts a value of $98500 on bitcoin
Thinking more about how to value this currency.
Its lack of historical stability is the main concern but this only because I currently own 'stable' british pounds.
What if I owned a highly inflationary currency.. what would then hold be back?
Report below considers just that and works out demand far outstrips supply.
Puts a value of $98500 on bitcoin
http://www.coindesk.com/bitcoin-price-reach-98500-say-wall-street-analysts/