Re:Bitcoin and almost every other cryptocurrency crashed har...
by Cthulhu_ on Friday December 22, 2017 @10:09AM
(#15987937)
You can use gold (and other rare minerals) in electronics and such though, which creates a demand, and a demand = value.
The demand for USD is cyclic in nature (IANAEconomist, I just made that term up), in that, I need money to buy food, my employer needs me to make them stuff, my employer's customers need my employer's product for their processes, etc.
The demand for USD is cyclic in nature (IANAEconomist, I just made that term up), in that, I need money to buy food, my employer needs me to make them stuff, my employer's customers need my employer's product for their processes, etc.