{"id":376085,"date":"2019-03-26T20:00:55","date_gmt":"2019-03-26T20:00:55","guid":{"rendered":"https:\/\/ktsl888.com\/?p=376085"},"modified":"2019-03-26T16:47:39","modified_gmt":"2019-03-26T16:47:39","slug":"economist-bitcoin-fastest-highest-asset","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/economist-bitcoin-fastest-highest-asset\/","title":{"rendered":"Economist: Bitcoin Is The Fastest And Highest Rising Value Asset Ever"},"content":{"rendered":"

Bitcoin<\/a> and its meteoric rise to $20,000 in December 2017 caught the attention of major mainstream media and the public eye, as early investors in the crypto asset shared stories of insane profits generated by the new and misunderstood technology. But the parabolic advance during 2017 pales in comparison to Bitcoin\u2019s 200,000,000% increase in a matter of nine years.<\/span><\/p>\n

That rise, says one economist, is the greatest and fastest rise ever witnessed in any asset type, and it could be due to one specific design aspect built into Bitcoin\u2019s code.<\/span><\/p>\n

Economist: Nothing Has Ever Risen As Fast and As Much As Bitcoin Has Risen<\/span><\/h2>\n

Beirut-based academic economist Dr. Saifedean Ammous<\/a> is the author of the book The Bitcoin Standard<\/em>. In his research, he spends a great deal of time focusing on the first-ever cryptocurrency as was designed by the mysterious Satoshi Nakamoto over a decade ago.<\/span><\/p>\n

Related Reading | Bitcoin Price Chart Shows How Surpassing Gold\u2019s Market Cap Is \u201cEasily\u201d Feasible<\/a><\/strong><\/em><\/p>\n

Since Bitcoin was released into the wild, it\u2019s been on a journey from virtually worthless, to someday becoming \u2013 potentially \u2013 the native global currency for the internet<\/a>. Along the way, the leading crypto by market cap has been called a bubble a number of times, as analysts warned of a looming bubble pop that\u2019d leave investors scorned. But after each bubble pops, BTC continues along its path to success.<\/span><\/p>\n

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Bitcoin is not only incomparable to bubbles, its fast rise is also incomparable to the most successful companies and innovators. As far as I can tell, nothing has ever risen as fast and as much as Bitcoin has risen. pic.twitter.com\/nywEGMsJHV<\/a><\/p>\n

— Saifedean Ammous (@saifedean) March 24, 2019<\/a><\/p><\/blockquote>\n