Supply and demand example There is not enough supply of Bitcoin for every millionaire in the world to own one full Bitcoin.
Tom Lee a former employee of JP Morgan Chase and in the last 3 years starting his own research business. This presentation analytical and research regarding bitcoin. It goes into depth explaining the differences in the past generation in history and how they invest their money. He shows a growing number of younger generations don’t trust the government and they don’t trust banks because of the Financial crisis and getting bailed out with tax funds and seeing there parents getting kicked out of there homes. This turning point in history is his prediction that in the near future more and more millennials will invest in cryptocurrency and Tom Lee thinks that bitcoin price will rise to hit 10 million a coin.
The London Real below is from 1/14/2014
How to value bitcoin using Metcalfe’s law … Read Full Article
It is a way to store your bitcoins. Specifically, it is software that has been designed to store bitcoin.