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Audio from “The Internet of Money”, volumes 1 and 2, a collection of talks by Andreas M. Antonopoulos between 2015 and 2017.
Bitcoin Q&A: Who determines the value of bitcoin? [TIOM2-13]
The Internet of Money
2 minutes 39 seconds
7 years ago
Bitcoin Q&A: Who determines the value of bitcoin? [TIOM2-13]
Keywords/phrases: Who determines the value of bitcoins? Everyone, through market forces of supply and demand in international liquid markets that operate around-the-clock. A fundamental difference between bitcoin and the USD/GBP/Euro etc. is that trading never ceases; it has been continuous for 7 years. The volatility can be a roller coaster, yet if you look at the long-term trend, volume and transactions go up while volatility keeps dropping. For Argentinians and Brazilians, the price of bitcoin is not too volatile and you don't need to sell it to them, because they already understand the separation between state and money is a good idea. Volatility is relative.
ABOUT
Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and well-respected figures in bitcoin.
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He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.
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Originally published as a YouTube video: https://www.youtube.com/watch?v=DucvYCX1CVI&index=13&list=PLPQwGV1aLnTu0KFDbHk4AUiiyce0xLX7p
The Internet of Money
Audio from “The Internet of Money”, volumes 1 and 2, a collection of talks by Andreas M. Antonopoulos between 2015 and 2017.
