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Is there a relationship between the equality of wealth of bitcoin holders, and it's foreign exchange value?
E.g. if there is a large transfer of bitcoin to a single owner, should this influence its value as a currency?
1
Is there a relationship between the equality of wealth of bitcoin holders, and it's foreign exchange value?
E.g. if there is a large transfer of bitcoin to a single owner, should this influence its value as a currency?
Are you talking about a change in supply/demand or a change in total number of units? If you take into consideration how such an acquisition comes to pass, I think your question might answer itself. Or I just don't get it. ;] please clarify? – Murch – 2015-07-24T00:05:17.937
You're right, this is ambiguous. i mean if many people transfer their bitcoin to a single holder of bitcoin. Should this decresase demand to buy bitcoin with foreign currencies? – notconfusing – 2015-07-24T19:42:45.960