3 ms·
There's no obvious reason why BTC velocity should go lower than USD velocity. If anything, its electronic nature and potential for fast settlement times should
by tpeng 13y ago
There's no obvious reason why BTC velocity should go lower than USD velocity. If anything, its electronic nature and potential for fast settlement times should indicate a much higher velocity than USD M2.
- im3w1l 13y ago>Note that sam's point about merchants immediately converting BTC back to USD serves to increase the money velocity (perhaps by >10x). If this changed, it could at least get closer to the velocity of usd.