Bitcoin’s Remarkable Journey, Correlation With Ether
- Ether is highly correlated to and more volatile than bitcoin.
- When bitcoin prices rise, ether prices tend to rise even higher.
- Bitcoin retains first mover, incumbency advantage over cryptos.
- Ether has more practical uses than bitcoin, which is mostly a store of value.
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How to Accurately Forecast Inflation?
- Short-term supply shocks do not tend to create an era of lasting inflation.
- Persistent inflation arises when excess demand overruns supply shortages.
- Uncertain if pandemic-related policies might cause 1970s style inflation.
- Is there an economic theory that can accurately forecast inflation?
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