2014 wasn’t exactly a great year for the Russian rouble. However, there is a ‘currency’, which performed worse than the rouble in 2014…Bitcoin
Guess what ‘currency’ underperformed the rouble in 2014
Posted by Lars Christensen on January 17, 2015
https://marketmonetarist.com/2015/01/17/guess-what-currency-underperformed-the-rouble-in-2014/
Next Post
What the SNB should have done
What the SNB should have done
The Market Monetarist- Re-visiting R*: Close to the end of the hiking cycle for the Fed
- US inflation set to fall sharply in the coming quarters
- Recession or not? Answering a question the Fed should not care about
- Milton Friedman commented on Powell’s Fed in 1978
- Carl Bildt is puzzled – he should read an economics textbook
- US domestic spending – a closer look at the 2021-22 data
- A simple model for inflation that Jerome Powell should understand
- Interview with RIAIntel
- Hetzel on “Learning from the Pandemic Monetary Policy Experiment”
- The Fed is still way behind the curve – what an “implied NGDP level target” is telling us
The Market Monetarist 
Ken
/ January 17, 2015But can Bitcoin even be considered a currency?
From 2012 to 2014 the “purchasing power” of 1 Bitcoin went from about $5 to about $1000. I guess this could be considered hyper-deflation
Then in 2014 the purchasing power of 1 Bitcoin went from about $1000 to its current value of about $200. I guess this could be considered hyper-inflation.
This volatility in purchasing power seems to exclude Bitcoin as a currency.
I don t really understand what Bitcoin actually is. But I don t think it’s a currency
George Dorgan (@DorganG)
/ January 18, 2015That is great news.
Finally Bitcoin follows fundamental rules and not only obeys to speculation. This gives more credibility.
Same as gold and rouble it falls when USD gets stronger!