Bitcoin Velocity Drop-Off Shows Usage as ‘Reserve Currency’69.98

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.

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,” would likely drop significantly versus 2016 and 2017.

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