Jason Megill

Rank: 674 / 1843

2 selected videos

Will the price of bitcoin go higher or lower? Is it a bubble?

Different factors affect the price of bitcoin. Mining of bitcoin puts downward pressure on the price. Miners need to sell about $14 billion dollars of bitcoin at the current price of $16,700. If the price goes higher, that number is higher. If the price goes lower, then that number is lower. Inflation puts an upward pressure on the price of bitcoin

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How much has bitcoin increase in price due to tether's expansion? Is it fraud?

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The price of bitcoin has increased rapidly this year. So has the increase in the supply of tether. I use some assumptions to estimate how much of the mining rewards have been sopped up by tether assuming that tether is a fraud. I estimate that bitcoin's mining (block reward plus fees) is worth 2.4 billion dollars (reward times the bitcoin price on that day). I show that tether increased 1.1 billion dollars. So the increase in the supply of tethers is about 47% of the mining rewards.

If...

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