Could be, allowed Brody, but he reminded that bitcoin is an asset that producers can’t supply more of when prices go higher. That’s unlike gold, a competing store of value to bitcoin, where miners amp up production as prices rise, said Brody. “The issuance rate of bitcoin is set,” he added. “We might discover that pricing in bitcoin is more inelastic” than other types of assets.

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Author: Stephen Alpher

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