Scarcity + Cryptocurrencies: A Programmed Safeguard of Value
The EU has recently released a new regulation vis-à-vis crypto assets known as MiCa, (1) constituting the world’s most comprehensive legislation concerning that novel type of financial instruments. This legal framework is expected to foster and promote the crypto industry across the union, leading to a new boom of both the underlying blockchain technology and the prices of crypto assets such as Bitcoin. In this scenario, a question arises, what are the fundamentals of crypto assets’ value?
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