Bitcoin’s monetary velocity is at its lowest point in eight years, and investors should be “realistic” about the chances of the 2018 bear market ending in the medium term. Echoes Of The Dawn Of Bitcoin Speculation That was the message from data analyst Willy Woo October 29, who uploaded new data tracking quarterly velocity for Bitcoin versus USD money supply. At its current level, the data shows velocity matches that last seen in 2010, when theRead MoreThe post Bitcoin Money Velocity Hits 2010 Lows, As BTC Price Flatlines appeared first on Bitcoinist.com.
