To the moon? Five microeconomic lessons from Bitcoin - Deepstash

Bite‑sized knowledge

to upgrade

your career

Ideas from books, articles & podcasts.

published 5 ideas

To the moon? Five microeconomic lessons from Bitcoin

bigthink.com

Supply

The supply of bitcoins in the world is capped at 21 million and, currently, about 18.7 million have been mined. The production of new coins is slowed every four years or so, with the number of coins minted upon completion of a block cut in half each time.

The limite...

10

STASHED IN:

42

While early adoption was limited by technical difficulties and legal gray areas, the increasing number of uses and public awareness has increased demand. The number of places accepting them has spiked in recent years and is likely to increase alongside institutional acceptance of...

3

STASHED IN:

39

Countless other cryptocurrencies have entered the market. While it remains the dominant coin, Bitcoin's market share has fallen from 94 percent in 2013 to 64 percent in March 2020. Other major cryptocurrencies have different uses, but they often do overlap with the possi...

3

STASHED IN:

39

One of the more popular uses of Bitcoin is as a gold-like store of value over the long-run. Claims that Bitcoin may someday be valued as high as $100,000 per coin are based on this idea of the coin as "digital gold."  

However, a number of studies have suggested t...

3

STASHED IN:

39

While Bitcoin is still subject to swings that would be eye-popping in other markets, this is an asset that does not behave quite like other, more traditional ones. As a result, the volatility of its price, which has dropped over the last few years, may not be a sign of the impending colla...

4

STASHED IN:

39

0 Comments

Discover and save more ideas by creating a

FREE

Deepstash account.

Develop a

reading habit

, save

time

and create an amazing

knowledge library

.

GET THE APP:

MORE LIKE THIS

What’s up, it’s @hackedongrowth here, As the globe continued to fight the epidemic earlier this year, something unusual began to happen. Bitcoin, the well-known cryptocurrency, began to appreciate in value.

5 IDEAS