Is Bitcoin Defying a Principle of Microeconomics?

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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