2024-06-12
Ki
Young Ju, founder and CEO of CryptoQuant, posted on X saying that bitcoin’s
circulating supply in the market went as low as 13 years ago.
Despite
Satoshi's vision of "P2P Electronic Cash," now Bitcoin is primarily
used as "Digital Gold," with institutions holding it without frequent
transactions.
On
May 12, 2024, bitcoin’s velocity went as low as 15k. Compare to August 22,
2022, bitcoin had 80k velocity according to CryptoQuant's live chart.
