$BTC Coin Pairs: A Public Economics Angle

Trading $BTC with other coin pairs (like ETH/BTC, USDT/BTC) reflects decentralized market dynamics. These pairs enable price discovery and liquidity in the crypto ecosystem without relying on central institutions. From a public economics view, such peer-to-peer systems reduce traditional regulatory control and challenge monetary policy influence. While promoting financial inclusion and innovation, they also raise concerns about volatility, tax evasion, and systemic risk. As crypto markets grow, policymakers must weigh the benefits of free digital trade against the need for economic stability, transparency, and fair taxation.