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CryptoQuant CEO: Bitcoin will reach its peak circulation speed only when it is widely used for payments

CryptoQuant CEO: Bitcoin will reach its peak circulation speed only when it is widely used for payments

Bitget2024/06/11 06:07

CryptoQuant CEO Ki Young Ju posted on platform X, stating that the circulation speed of Bitcoin is as slow as it was 13 years ago. Although Satoshi Nakamoto envisioned it as "P2P electronic cash", Bitcoin is now mainly used as "digital gold", with institutions merely holding it without frequent trading. The circulation speed of Bitcoin will only peak when it is widely used for payments.

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