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Bitcoin and the Quantity Theory of Money – Why Bitcoin is Undervalued

Retrieved on: 2017-12-09 18:18:45

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<div>If you were awake in your college <b>economics</b> class you might recall Milton Friedman's classic theory: The quantity theory of money. Essentially, Friedman argued that the general price level is directly proportional to the amount of money in circulation We can apply Friedmans logic to <b>bitcoin</b> and use it as ...</div>

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