Pregunta
upstudy study bank question image url

Refer to the article "From Barter to Bitcoin" in your Money, Money, Money magazine for a complete version of this text. Based on the information in "From Barter to Bitcoin," one can conclude that the cost of bitcoin makes it unlikely to be a form of currency used by young people any time soon. Which detail from the text best supports this conclusion? "Buyers and sellers use it to make transactions online." "Bitcoin is the most widely used cryptocurrency today." "In mid-2018, one bitcoin was worth \( \$ 6,100 \)." "It first appeared in 2009."

Ask by Hart Barnett. in the United States
Mar 12,2025

Solución de inteligencia artificial de Upstudy

Respuesta verificada por el tutor

Responder

The detail that best supports the conclusion is: "In mid-2018, one bitcoin was worth \$6,100."

Solución

¡Inicia sesión para desbloquear respuestas gratis!

Una plataforma de aprendizaje en la que confían millones de estudiantes y profesores reales.

star-icon Descubrir

Respondido por UpStudy AI y revisado por un tutor profesional

The Deep Dive

The detail that best supports the conclusion is, "In mid-2018, one bitcoin was worth \( \$ 6,100 \)." This high price point suggests that for many young people, who often have limited financial resources, the cost of entry to using bitcoin as a currency is prohibitive, making it unlikely for them to adopt it for everyday transactions anytime soon. Additionally, if we consider the broader implications of this conclusion, the fluctuating value of cryptocurrencies can also create a sense of uncertainty. Young people, typically more focused on budgeting and saving, may prefer stable currencies that can be relied upon for daily purchases rather than risk investing in a virtual currency that can change dramatically overnight.

preguntas relacionadas

Latest Economics Questions

¡Prueba Premium ahora!
¡Prueba Premium y hazle a Thoth AI preguntas de matemáticas ilimitadas ahora!
Quizas mas tarde Hazte Premium
Estudiar puede ser una verdadera lucha
¿Por qué no estudiarlo en UpStudy?
Seleccione su plan a continuación
Prima

Puedes disfrutar

Empieza ahora
  • Explicaciones paso a paso
  • Tutores expertos en vivo 24/7
  • Número ilimitado de preguntas
  • Sin interrupciones
  • Acceso completo a Respuesta y Solución
  • Acceso completo al chat de PDF, al chat de UpStudy y al chat de navegación
Básico

Totalmente gratis pero limitado

  • Solución limitada
Bienvenido a ¡Estudia ahora!
Inicie sesión para continuar con el recorrido de Thoth AI Chat
Continuar con correo electrónico
O continuar con
Al hacer clic en "Iniciar sesión", acepta nuestros términos y condiciones. Términos de Uso & Política de privacidad