Bitcoin's Future - A Macroeconomic Model
If you know about bitcoin, then you will be familiar with its ever fluctuating price. Have you ever wondered what causes these price fluctuations? Is it something to be worried about? Also, what does the future hold for bitcoin? It is assumed that the value of bitcoin is directly dependent on its use for transactions. It is believed that an increase in bitcoin transactions increases its value. But a working paper published by Hong Kong based Bitquant Research Laboratories begs to differ. Bitquant is a company involved in R&D supporting high risk/high reward open source financial systems.....
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photo by OiMax http://www.flickr.com/photos/oimax/. World Bitcoin Network has just released a new Bitcoin Value Model. Let me begin by stating that this is a model, and no model can accurately state how much any currency is going to be worth at a point in the future. What the model can do, however, is show us how price is determined and the factors that determine it and the model can also allow us to factor in variables and view their effect. In February of this year, the Financial Times received an eMail predicting a $50,000 Bitcoin value. Their response was to remind people that Wall....
Greg Foss joined the “Bitcoin Magazine Podcast” to discuss how BTC fits into the macroeconomic landscape.
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