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BTC146: Broken Money 2/2 w/ Lyn Alden (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
Understanding Market Dynamics: Bitcoin vs. Dollar
Monitoring relative market capitalizations and velocity offers critical insights in evaluating cryptocurrencies like Bitcoin against traditional currencies such as the dollar. Despite Bitcoin being a highly touted asset, its current adoption level means it remains more volatile compared to the dollar, which serves as the dominant currency for pricing goods and services. As long as Bitcoin does not rival the dollar in market size and liquidity, most transactions will continue to be dollar-denominated. This dynamics reflects that volatility in Bitcoin influences purchasing power for commodities, making the dollar the more stable unit of account from a practical perspective, despite its centralized control and tendency to devalue.
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