Murphy first cites some news items showcasing the Trump Administration’s pro-blockchain initiatives, and explains that this will foster even greater institutional adoption. He then explains the long-run economics of Bitcoin adoption, contrasting the different motivations of speculation versus hedging and use as a medium of exchange.
Related:
– https://infineo.ai/an-upper-bound-on-bitcoins-appreciation
– https://mises.org/mises-daily/worst-recession-25-years
– https://cdn.mises.org/understanding_money _mechanics_with_cover_image_attached.pdf