BILLIONS Are Flowing Into Bitcoin… So Why Is the Price Stuck? | EP 1283
Simply Bitcoin
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Bitcoin's Veblen Threshold and Volatility
This chapter examines the Veblen goods concept in relation to Bitcoin, introducing the idea of a Veblen threshold that may lead to continuous price increases during bull runs. It also discusses Bitcoin's adoption dynamics, volatility, and the implications of reaching critical market capitalization figures, alongside insights on investor sentiment and risk tolerance.
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