The authors David Andolfatto and Andrew Spewak believe that bitcoin will likely get the third option: somewhere in between. They think that the reason why the price is being dragged down is because of the expanding supply of other altcoins. Since bitcoin doesn’t have s fixed supply, that doesn’t mean that bitcoin will continue to only ... Federal Reserve Bank of St. Louis has recently issued a research study which states that competing Altcoins are putting downward pressure on Bitcoin’s value.. There are two perspectives analyzed by the paper both are which represents extreme scenarios. As per the opinion of the authors, David Andolfatto and Andrew Spewak, the primary factor that is lowering the price of bitcoin is the continuous supply of alternatives, popularly termed as altcoins. Bitcoin, by nature, is an inherently speculative and volatile asset. A constant supply doesn’t mean that the value will keep on increasing. Demand is the ultimate factor that determines value ... David Andolfatto, who is the Vice President of Research at the Federal Reserve Bank of St. Louis, recently let it be known that bitcoin may work as a store of value.The comments related to this topic came during a recent interview on the Epicenter Bitcoin podcast.. In the past, Andolfatto has written on the concept of a Fedcoin, which would be a fork of Bitcoin that is redeemable at a one-to ... The authors, David Andolfatto and Andrew Spewak, conclude that one of the factors dragging down the price of Bitcoin is an ever-expanding supply of alternatives. Bitcoin is an inherently speculative and volatile asset. A fixed supply doesn’t mean an ever-increasing value. Demand determines value, after all. Other tokens are frequently launched which have properties attractive to a portion of ... The authors, David Andolfatto and Andrew Spewak, conclude that one of … Crypto VC Says Everyone’s Forgotten about Bitcoin: Why That’s Okay. By Z24Crypto Posted in Bitcoin Bitcoin Opinion Chris Burniske News. Posted on January 6, 2019. Placeholder co-founder Chris Burniske says the mainstream has forgotten about bitcoin. However, that’s not something to be upset about — it’s a ... St. Louis Federal Reserve Senior Vice President and Economist David Andolfatto, and Senior Research Associate Andrew Spewak, released the first bitcoin core (BTC) price analysis of 2019. In it, they argue the "flood" of altcoins will ultimately have a negative impact on BTC's purchasing power going forward.
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