Interesting FT article: Epidemiology tells you not to write bitcoin off

Brendan Burgess

Brendan Burgess

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https://www.ft.com/content/d22f2350...S96vVOmd6R4CYPz0kTnTgYm7thtbri&sharetype=gift

In a recent stab at valuing cryptocurrencies, Barclays analysts drew on epidemiology to explain the bubble-like price behaviour.

In this analogy, the cryptocurrency disease spreads effectively when a rush of new buyers catches the fever and enter the market, pushing up the price of the asset. This creates more infections as the susceptible population, fearing that they are missing out on the next Amazon, also starts buying bitcoin. Determined bitcoin holders, known among cryptocurrency afficionados as “hodlers”, expect prices to continue rising and do not sell.



Plus, the susceptible population is still huge. Like the MRSA superbug or tuberculosis in Russian prisons, it would be hard to bet against bitcoin continuing to show considerable microbial resistance.
 
Hello Mr. Burgess,

That article cannot be read without subscribing to the FT.

Any chance you might please do a "copy and paste" so we can all read it ?

Many thanks,
 
MrEarl said:
Hello Mr. Burgess,

That article cannot be read without subscribing to the FT.

Any chance you might please do a "copy and paste" so we can all read it ?

Many thanks,
Click to expand...

That would decentralise the power that paid subscribers have in dangling such premium knowledge that the rest of us know is generally without real value.
 
TheBigShort said:
That would decentralise the power that paid subscribers have in dangling such premium knowledge that the rest of us know is generally without real value.
Click to expand...

:D

I must admit, I'm more than a little curious to know what might have recently inspired the rush of new buyers to enter the market, given how much prices have increased in recent days.... :)
 
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