Monday, 13 January 2014

To Bitcoin or not to Bitcoin

In recent Dealbook interview, Dalio proffered on Bitcoin that "I think there's a lot of merit behind it," suggests an optimistic outlook for the digital currency.

The gist of the interview is on how the economic machine works, that Dalio sought to defunct the quantity theory of money MV = PT. He opined that V, velocity of money in the equation is not aptly applied as you can create credit out of thin air ie spending can be paid by money or credit.

**Update** Here are the reasons why Bitcoin may be here to stay: 

Is Bitcoin here to stay? free polls 
Read more here: Articles by Hedgie