Five Fundamental Effects in Bitcoin
Cobweb Supply, Reservation Demand & the Foundations for Understanding Bitcoin’s Price
Published in
9 min readMay 19, 2019
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Bitcoin’s value has little to do with its quotidian price histrionics. Yes, exuberant speculation routinely outplays rationality. And, of course, there are complex interactions from extant and expected financial market innovations, growing or abating regulatory…