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MSM Flips Bullish on Bitcoin Mining!? - E358
Bitcoin & Markets
The Veblin Good Dynamics of Bitcoin Price
The dollar value of Bitcoin on exchanges rises rapidly. So the supply there to be sold. The blow off top happens when price surges, say 100% in a couple of weeks. Now being a Veblin good, those dynamics take over. Demand increases as price increases and demand decreases as price decreases.
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