Tanish YadavJan 11, 2022 · 3 years ago2 answers Can the invisible hand theory be used to explain the price fluctuations of cryptocurrencies?
Is it possible to apply the concept of the invisible hand theory to understand and explain the reasons behind the price fluctuations observed in the cryptocurrency market? How does the invisible hand theory, which suggests that the market will naturally find equilibrium through the self-interested actions of individuals, relate to the volatile nature of cryptocurrencies? Can we attribute the price fluctuations in cryptocurrencies solely to the invisible hand theory or are there other factors at play?