Is Bitcoin Defying a Principle of Microeconomics?
Update: This article has been changed to add three charts that were left out during the editing process. In 2015, Bitcoin performed exceptionally well both as a currency and as a commodity. Interestingly, the cryptocurrency Bitcoin, which is also classified as a commodity, has even defied the well-held microeconomics principle that preaches that:....
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Bitcoin and blockchain technologies have big visions of changing the macroeconomics of the financial system. Less investigated, the microeconomics of Bitcoin could supply us with unique insights into how the Bitcoin digital financial complex might evolve. Microeconomics examines decision-making by economic actors, like firms and consumers, in their myriad organizational possibilities, from unions to entire industries to other defined organizations. Microeconomists are concerned first and foremost with decisions by people and organizations, and thus, in a bigger sense, the decision-making....
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PRESS RELEASE. CoinDeal is pleased to announce that it is now the first publicly known company to have obtained a Class 4 Virtual Financial Assets License in Principle Approval from the Malta Financial Services Authority (MFSA). The exchange received the letter on 16 December, 2020. This allows CoinDeal to provide the following VFA services to both Experienced and Non-Experienced investors: Operation of a VFA Exchange, Dealing on own account and Holding and controlling of clients’ assets and money. In-principle approval means that the exchange received ‘in-principle....