ANALYST: The Rise Of Bitcoin Teaches A Tremendous Lesson About Global Economics

Global Economics Lesson From Bitcoin

ANALYST: The Rise Of Bitcoin Teaches A Tremendous Lesson About Global Economics

The Bitcoin market is booming. The internet's favorite virtual currency is up over 230 percent since the beginning of the year and up 40 percent from Monday to Wednesday alone . The latest leg up may be because it looks like the market may finally be going mainstream – now, U.S. banks are getting involved . Nick Colas, Chief Market Strategist at ConvergEx Group, wrote in a recent note to clients that "there is much to learn from this first online success story in the world of stateless currencies," and there's a lesson to be had in global economics from the Bitcoin market. Of course, as is the case with most good economics lessons, it's all about supply and demand. The first thing to understand is how the total amount of Bitcoins in circulation (the money supply, if you will) expands. Transactions aren't cleared through a central server. Instead, the exchange platform is d...

Full article: http://www.businessinsider.com/global-economics-lesson-fr...

Tweets

» 03 Apr '13, 10pm
@mondras No es q no me guste. Simplemente aún no creo, así de fácil. Lo he venido siguiendo ya desde hace años y no [link]
@muschifuss998 » 19 Mar '13, 11pm
RT @c4ssdotorg: The Rise Of Bitcoin Teaches A Tremendous Lesson About Global Economics [link]
@PapaDuck10 » 18 Mar '13, 3pm
Bitcoin: [link]
@UnoCoin » 17 Mar '13, 7am
RT @coinlab: Bitcoin & Econ 101 - The Rise Of Bitcoin Teaches A Tremendous Lesson About Global Economics [link] via @themoneygame
@TellySavalas » 08 Mar '13, 2pm
“Reserve currency” status sooner than anyone thinks. This is a very curious beast! [link]
@avdhuman » 08 Mar '13, 2pm
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@mylegalgirl87 » 08 Mar '13, 7am
Global Economics Lesson From Bitcoin - Business Insider: Nick Colas, Chief Market Strategist at ConvergEx Group,... [link]
@remyverhoeven » 08 Mar '13, 6am
Als er in 125 jaar gegarandeerd zo weinig Bitcoins worden bijgedrukt, dan gaan de prijzen snel omhoog! [link] --
@docsherr » 08 Mar '13, 5am
[link] When incremental adoption meets relatively fixed supply, it should be no surprise that prices go up. Gotta luv econ!
@abyssean » 08 Mar '13, 4am
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I find the entire Bitcoin thing very fascinating: [link] & [link]
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The rise of Bitcoin, internet's favourite virtual currency [link] < up 230% since Jan & US banks are getting involved
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