Seeking Alpha
2022-02-02 12:00:00

Bitcoin Is A Terrible Form Of Money (But A Very Good Store Of Value)

Money always has to be defined in a unit of account.The property that makes something a very good MOE is its short-term nominal stability because this gives its users short-term predictability.No financial instrument can be a perfect short-term MOE and also a perfect long-term SOV.

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