Steven Lord – Price is not Prologue

Featuring Steven Lord

What’s been going on with the price of Bitcoin? Steven Lord explains why the drop in market price may not be an accurate barometer for the currency’s long-term prospects, and why it may actually drive innovation in bitcoin products and services, in this week’s Modern Money.

Published on
15 January, 2015
Topic
Crypto-currencies
Duration
19 minutes
Asset class
Crypto-currencies
Rating
41

Comments

  • MA

    Maurice A.

    29 3 2015 03:09

    2       1

    Still can't understand bitcoin popularity. Any number of cryto-currencies can (and do) exist.

    I'd much rather bet on gold retaining its value 100 years from now.

  • FS

    Fred S.

    26 1 2015 13:55

    2       0

    Nico - Price weakness could also mean that supply is currently outpacing demand. As price discovery continues, price will fluctuate accordingly, no?

  • RO

    Robert O.

    26 1 2015 03:51

    0       1

    Bitcoin appears to be acting like other fiat currencies but a bit move volatile given that it is new and not well tested. Adding derivatives to this market will only distort its price more.

  • JH

    John H.

    19 1 2015 01:26

    8       0

    He maintains credibility by admitting fully that the outcome is still binary. Size your position accordingly.

  • DB

    Duncan B.

    18 1 2015 20:21

    0       0

    Nice presentation. Thanks for clearing up some imponderables.

  • SL

    Stephen L.

    17 1 2015 14:22

    3       1

    Regardless of anyone's view on bitcoins future, one of the biggest assets the bitcoin ecosystem have is this guy.

  • NS

    Nico S.

    16 1 2015 02:02

    2       2

    Not sure I agree that "price" does not matter. Of course it matters! It's called price discovery and supply/demand factors. Weakness means that interest is waning and possible downdraft in "price".

  • EL

    Elizabeth L.

    15 1 2015 15:38

    9       0

    Timely, useful piece on bitcoin price and evolution. Keep these discussions coming.