Author: Aaron Voisine 2015-06-27 19:55:27
Published on: 2015-06-27T19:55:27+00:00
In an email exchange between Venzen Khaosan and an unidentified individual, the former challenges the assumption that Bitcoin's price reflects its value. He argues that despite the increased adoption of Bitcoin by users and businesses over the past year, the price chart does not indicate greater value; in fact, it is at terminal lows. The other party suggests that speculative cycles should be taken into account and notes that adoption as a store-of-value is what determines the price of any monetary commodity in the long term. The email exchange brings up questions about the relationship between adoption, price, and value in the context of Bitcoin.
Updated on: 2023-06-10T01:10:57.251223+00:00