Bitcoin is “functioning well as a reserve currency” for cryptocurrency investors as its transaction volume looks set to halve in 2018, Placeholder VC partner Chris Burniske said following new analysis released this week. 2018 Market Hits Velocity A Medium post by developer and interviewer Nodar Janashia September 5 had highlighted that Bitcoin’s token velocity, neatly described as “the frequency at which the same unit of a token is used to process on-chain transactional value,” wouldRead MoreThe post Bitcoin Velocity Drop-Off Shows Usage as ‘Reserve Currency’ appeared first on Bitcoinist.com.
