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MSM Flips Bullish on Bitcoin Mining!? - E358

Bitcoin & Markets

CHAPTER

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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