Robert Simoes

Writing

What Is The Value Of Bitcoin?

Price is an expression of a market’s (i.e. group of individual self interested actors) perception of an entity or commodities’ useful value today or predicted future value. Investors, therefore buy and sell the commodity or entity, in order to realize some sort of gain today or in the future based on information they currently hold. Digital currencies are such a novel asset class, it’s difficult to determine the specific and magnitude of value they posses in our globally networked economy.

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