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SA-2014-04 · Entry 0038Public essay

Bitcoin Price Pressure

The price of bitcoin keeps trending down. [1] This causes a lot of people to declare the end of bitcoin. It’s important to understand that the default price pressure of the bitcoin ecosystem is down. There are a lot of reasons for this, so I’ll just give a few examples....

Published 2014-04-30 3 min read 515 words 4 topics
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SamNav editorial

The price of bitcoin keeps trending down. [1] This causes a lot of people to declare the end of bitcoin. It’s important to understand that the default price pressure of the bitcoin ecosystem is down. There are a lot of reasons for this, so I’ll just give a few examples....

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The price of bitcoin keeps trending down. [1] This causes a lot of people to declare the end of bitcoin. It’s important to understand that the default price pressure of the bitcoin ecosystem is down. There are a lot of reasons for this, so I’ll just give a few examples. When most merchants take bitcoin for a purchase
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Read the full essay on Sam Altman's blog
blog.samaltman.com/bitcoin-price-pressure
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