Behind Bitcoin’s Big Mac Index: Radoslav Albrecht on Cryptofinance

Behind Bitcoin’s Big Mac Index: Radoslav Albrecht on Cryptofinance

When quoting the price of one bitcoin, does it pay to use the globally-recognized Big Mac in place of region-specific fiats? Radoslav Albrecht, founder of the peer-to-peer lending service Bitbond, is betting in the affirmative. Radoslav’s company has sponsored the launch of the BitcoinPPI, a new index and API, which tracks the second-to-second price of a bitcoin in Big Macs. Bitcoin.com tracked down Radoslav to find out why he’s bullish on Big Mac price indexing for the future of global finance. Bitcoin.com (BC): The Bitcoin Purchasing Power Index — or BitcoinPPI — aims to measure one....


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Quotes

Long term, if Bitcoin gains widespread adoption, I'd expect the Bitcoin price to correlate to how useful people think sending payments, property and contracts anywhere in the world instantly and reliably is. Personally I think this could be more useful than wearing jewelry, but maybe that's just me.

Chris Dixon, Entrepreneur and investor, co-founder and former CEO of Hunch