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Bitcoin: Dubious Speculation
Crypto price speculation involves trading cryptocurrencies based on predictions about future price movements rather than their intrinsic value. No one actively traded or speculated in the dollar, the pound, the yen or other major global currencies before they were used for economic. While Bitcoin has failed in its stated objectives, it has become a speculative investment. This is puzzling. It has no intrinsic value and is not backed by.

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However, research and scientific literature in the last decade of the 19th century made the case for speculation focusing on its constructive side and the nature of contemporary commodity markets. Carlota Perez, an economist, demonstrated the connection between financial bubbles and technological development. The required proof of concept is their economic use. My interests.