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The price has skyrockted but transaction volume is not keeping pace. This is not what you'd expect if the market cap is anything close to meaningful and unlike
by cageface 6y ago
The price has skyrockted but transaction volume is not keeping pace. This is not what you'd expect if the market cap is anything close to meaningful and unlike heavily traded securities:
https://ycharts.com/indicators/bitcoin_transactions_per_day https://ycharts.com/indicators/bitcoin_transactions_per_day
- dragonwriter 6y agoIt's exactly what you'd expect for a price increase driven from the supply side, which is kind of expected for a commodity like BTC whose attraction is largely the expectation of price appreciation because of supply restriction.