Brokers Need to Know that Bitcoin has an Economic Flaw
But the biggest gains may be ahead. If you took economics class in college, you understand that currencies of any type have a relationship between four very important metrics: MV=PQ. M is the total amount of money supply in circulation. V is the velocity of money and the frequency that it is being circulated. P is the price level Q is the inflation adjusted index of goods and services. The economic flaw with Bitcoin is that you cannot buy much with it. Sure – we hear these isolated discussions about people buying houses with Bitcoin, but those are isolated one-offs. [...]