Bitcoin's Off-Chain Velocity is at an All Time High
Fiat currency with high velocity is normally a bad sign, but does that rule apply to crypto?
Dear Crypto Asset Investors,
One of the most common ways to estimate the price of a cryptocurrency is via the “equation of exchange”. This model comes from the 20th century economist Irving Fisher. The main idea of the model is that the more often a coin changes hands, the less the coin’s value is. Money changes hands more frequently when people believe…
Keep reading with a 7-day free trial
Subscribe to Crypto Research Newsletter to keep reading this post and get 7 days of free access to the full post archives.