The bitcoin price can finally be understood

Story by: Jemima Kelly

We thought we’d seen the best chart that would ever be made in cryptoland when Imperial College London professor Andrei Kirilenko gave us his crypto periodic tablelast year.

But as it turns out, we were wrong.

We present to you the “multiple interlocking positive feedback loops which drive the Bitcoin price”, courtesy of Ben Davenport, co-founder of BitGo, a cryptocurrency custodian firm which is currently being sued for allegedly using trade secrets to steal clients (right-click to enlarge):

Blogger and Bitfinex/Tether critic Bitfinexed seemed to like the chart just as much as we did, but thought it needed a few adjustments:

Or an even simpler version, from us here at FT Alphaville HQ:

Original story: https://ftalphaville.ft.com/2019/08/29/1567091328000/The-bitcoin-price-can-finally-be-understood/

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