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Why bitcoin may be worth only a third of its value – MarketWatch

Friday 15th, September 2017 / 17:19
Why bitcoin may be worth only a third of its value – MarketWatch

MarketWatch

Why bitcoin may be worth only a third of its value
MarketWatch
Viewing bitcoin as a currency makes it possible, at least in theory, to come up with a long-term exchange rate by using the quantity theory of money. The formula is: MV = PT, where money supply multiplied by its velocity equals the price level

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