TLDR
This article explores the question of when an asset can be called money, particularly in the context of cryptocurrencies. It also goes on to explain supply and demand and its role on the price and volatility of cryptocurrencies like Bitcoin and other cryptocurrencies. Bitcoin is a relatively new form of cryptocurrency that attempts to address the volatility problem. While Bitcoin’s value has grown dramatically over the years, it has also seen sudden plunges. This price volatility undermines its ability as a store of value. Supply and demand can be affected by numerous factors like the Covid-19 pandemic on the demand for hand sanitizer.via the TL;DR App
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Written by clyde | Blockchain tinkerer
