The Banking Crisis and Crypto with Art Laffer
FYI - For Your Innovation
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Cryptocurrency: A Store of Value
The one thing that always bothered me about Bitcoin and all these other cryptos is why don't they find an algorithm that guarantees the value of the unit and let's the quantities vary. People care about price stability over the long run. They need a value crypto, not a quantity crypto. We're at 19 million units right now. And so to watch crypto go from 19,000 to, I think it got to almost 29,000 in the span of a couple of weeks is proof positive that people do believe that it is a store of value.
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