While microeconomics assumes national income and aggregate price as given, and explains the determination of relative productions and prices of various goods and services, quite the opposite is true for macroeconomics. Following the Great Recession, public finance remains high on the global policy agenda. It is assumed that the value of bitcoin is directly dependent on its use for transactions. It is believed that an increase in bitcoin transactions increases its value. But a working paper published out of Hong Kong begs to differ. Essentially it is a macroeconomic model for bitcoin.
According to this model, the value of bitcoin is heavily dependent on people’s willingness to save it. Enter, Collin Thompson, who is a blockchain technology and IoT entrepreneur, and venture capital investor out of Hong Kong. He advises entrepreneurs, family offices, senior decision makers of multi-national corporations, and governments on innovation, emerging technology, investments, and economic development. Collin is currently the Co-founder and Managing Director of Intrepid ventures; a Hong Kong based venture development company. Collin is a graduate of the Harvard business school and is an active thought leader in crypto-law, blockchain technology and cyber security.