Post
Topic
Board Economics
Re: Why does acceptance of Bitcoin has to do with the price of Bitcoin?
by
deisik
on 06/09/2014, 18:43:57 UTC
Why is there a correlation between the two?
Thanks
More the people use the bitcoin in their daily life more the value of it increases.That's doesn't need a explanation does it??Literally they are directly proportional to each other.

Yes, it does need an explanation. In fact, in real life there are a multitude of factors that can not only render this declared dependence not so direct but could even make it inverse as we probably see right now. The possible reasons for this have been explained before...