Research: Bitcoin Price Higher Where Economic Freedoms Are Low

By October 15, 2015Bitcoin Business

research paper New academic research has found that the price of bitcoin is higher in countries with lower degrees of economic freedom.

In his paper , Robert Viglione, a PhD student at Darla Moore School of Business in South Carolina, notes that investors in repressed countries have bigger incentives to invest in the digital currency.

Bitcoin, he says, is a low-cost option which allows citizens of these nations to bypass their domestic financial system.He told […]

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