Published on May 18th, 2018 | by bitcoin0
Controlling will be controlled to regulate the regulated bittains
” (May 16), made disappointing reading, as my fellow MBA colleagues were unable to go deeper than the superficial analysis of bitcoin prevalent in mainstream discourse.
Firstly, bitcoin is not simply a new asset like oil or equities.
Bitcoin is a monetary asset, and thus, by definition, is entirely speculative in nature.
Bitcoin is thought to be the hardest money created to date, epitomising the school of Austrian Economics.
Regarding regulation, the question is not whether bitcoin will be a target of regulation (it will) and resultant short-term impacts on pricing.