Jason Megill

Rank: 674 / 1843

2 selected videos

Will the price of bitcoin go higher or lower? Is it a bubble?

Different factors affect the price of bitcoin. Mining of bitcoin puts downward pressure on the price. Miners need to sell about $14 billion dollars of bitcoin at the current price of $16,700. If the price goes higher, that number is higher. If the price goes lower, then that number is lower. Inflation puts an upward pressure on the price of bitcoin

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How much has bitcoin increase in price due to tether's expansion? Is it fraud?

The price of bitcoin has increased rapidly this year. So has the increase in the supply of tether. I use some assumptions to estimate how much of the mining rewards have been sopped up by tether assuming that tether is a fraud. I estimate that bitcoin's mining (block reward plus fees) is worth 2.4 billion dollars (reward times the bitcoin price on that day). I show that tether increased 1.1 billion dollars. So the increase in the supply of tethers is about 47% of the mining rewards.

If...

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