Thursday, February 13, 2014

More BitCoin

“To the extent we are uncertain about the future gambling demand for Bitcoin, the price of Bitcoin will be correspondingly volatile. And we have no solid sources for trying to estimate such future demands. At the very least it seems likely that such demand has not yet peaked or close to it. In any case, the trading of Bitcoin itself will reveal information about the shape of the demand curve and thus the trading of the asset can inject further volatility into the market, a standard result when not everything is a flat, horizontal demand curve.” via Marginal Revolution

No comments: