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The quantity theory of crypto: what is Bitcoin worth as a medium of exchange?
The recent near halving of Bitcoin’s price has reignited debate about its true value. As a store of value, net present value asset pricing models suggest it should be worth zero because it pays no dividend. Yet its price remains far above zero, and its total value is still large despite recent turbulence. In this post I explore the question: what’s Bitcoin’s value as a means of exchange? I show that using a simple quantity theory of money framework helps explain its extreme volatility, the powerful influence of sentiment, how prices can surge even when transaction usage is low, and – crucially – why ... (full story)
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From @financialjuice|May 28, 2026|21 commentsUS Treasury Secretary Bessent on Iran: We have been patient. US Treasury Secretary Bessent: But patience with Iran isn't forever
From @FirstSquawk|May 28, 2026|30 commentsIRAN’S TASNIM: TEHRAN HAS NOT INFORMED THE PAKISTANI MEDIATOR THAT THE AGREEMENT TEXT HAS BEEN FINALIZED; IRAN SAYS IT WILL OFFICIALLY NOTIFY BOTH THE MEDIATOR AND THE PUBLIC ONCE THE DOCUMENT IS COMPLETED IRAN HAS NOT INFORMED THE PAKISTANI MEDIATOR THAT THE TEXT HAS BEEN FINALIZED. ONCE IT IS FINALIZED, IRAN WILL ANNOUNCE THE MATTER TO THE PAKISTANI MEDIATOR AND THE PUBLIC - IRAN'S TASNIM REPORTS BY WESTERN SOURCES SAYING THE MOU BETWEEN IRAN AND THE US HAS BEEN FINALIZED…
From @financialjuice|May 28, 2026|12 commentsUS Treasury Secretary Bessent: Hormuz has to be free and open, Trump won't take a bad deal on Iran U.S. TREASURY SECRETARY BESSENT: SPOKE WITH OMANI AMBASSADOR THIS MORNING, WHO ASSURED THERE ARE NO PLANS TO IMPOSE TOLLS ON THE STRAIT OF HORMUZ US Treasury Secretary Bessent: The US will be back to disinflation. US TSY'S BESSENT Q&A: HAD FIRST BREAKFAST WITH FED CHAIR WARSH THIS MORNING AND BELIEVE HE'LL DO 'RIGHT THING' TO BALANCE INFLATION AND GROWTH #Bessent @economy #USTreasury US Treasury Secretary Bessent outlines key conditions for a potential Iran deal: - Trump demands three critical prerequisites - Opening of the Strait is essential - No agreement without enriched Uranium
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From financemagnates.com|May 28, 2026Bitcoin (BTC) traded near $73,300 on Thursday, May 28, 2026, sliding for a third straight session and printing an intraday low close to $72,800 as a $1.3 billion IBIT dark-pool ...
From tradersunion.com|May 28, 2026Financial privacy is drawing renewed scrutiny in U.S. crypto policy as regulators and developers debate how privacy-preserving tools fit within compliance frameworks. SEC ...
From financefeeds.com|May 28, 2026In April 2026, the RaveDAO token surged 3,765% in a single week before collapsing, prompting Binance and Bitget to launch formal investigations into suspected insider ...
