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Is Bitcoin’s Value Due to Social Status it Brings?

January 12, 2018 by DIGIT
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Research has shown that Bitcoin is a bit of a Veblen good — a product which gains its appeal from the social status attained by owning it. #ANALYSIS

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Categories Bitcoin, Bitcoin Price, China
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  • bitcoinBitcoin(BTC)$95,336.00-1.67%
  • ethereumEthereum(ETH)$3,297.32-1.03%
  • tetherTether(USDT)$1.00-0.12%
  • rippleXRP(XRP)$2.21-0.83%
  • binancecoinBNB(BNB)$650.76-1.23%
  • solanaSolana(SOL)$181.490.84%
  • dogecoinDogecoin(DOGE)$0.314438-1.54%
  • usd-coinUSDC(USDC)$1.00-0.05%
  • staked-etherLido Staked Ether(STETH)$3,292.01-0.80%
  • cardanoCardano(ADA)$0.89-0.94%
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  • bitcoinBitcoin(BTC)$95,336.00-1.67%
  • ethereumEthereum(ETH)$3,297.32-1.03%
  • tetherTether(USDT)$1.00-0.12%
  • rippleXRP(XRP)$2.21-0.83%
  • binancecoinBNB(BNB)$650.76-1.23%
  • solanaSolana(SOL)$181.490.84%
  • dogecoinDogecoin(DOGE)$0.314438-1.54%
  • usd-coinUSDC(USDC)$1.00-0.05%
  • staked-etherLido Staked Ether(STETH)$3,292.01-0.80%
  • cardanoCardano(ADA)$0.89-0.94%