Want To Know Where BTC Prices Are Going? Watch USD 13 years ago
The exchange rate is denominated in USD. It's the BTC/USD rate... What's in the denominator
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The exchange rate is denominated in USD. It's the BTC/USD rate... What's in the denominator
It's denominated in USD already, so increases in USD should be priced in.
Also, Silk Road has become a small part of bitcoin transactions.