Bitcoins: A Wonder For Economics Students

I did an A Level in Economics when I was at college. I found it really interesting though many of the finer nuances were a little difficult to grasp. One thing I do wish, however, was that the Bitcoin was around when I was studying.

I’ve just read this:

According to the official US Bureau of Labor Statistics measure, prices measured in dollars are up 1.3% since January. That’s mild inflation. Prices measured in Bitcoins are down 98.5% over the same period.

I wish I still understood enough about economics to understand it all and the implications of it. It would make for a fascinating study.

One thing I do understand is that I should’ve bought some of them when I was thinking about it a couple of years ago!!

Advertisements