Does high velocity mean high prices for Bitcoin?

Simply put, velocity is a measure of how quickly money is circulating in the economy. For Bitcoin, the figure is calculated by dividing the on-chain transaction volume (in USD) by the market cap, i.e. the inverse of the NVT ratio. The value for the same has risen significantly in 2020, relative to 2019. In fact, […] The post Does high velocity mean high prices for Bitcoin? appeared first on AMBCrypto.

Does high velocity mean high prices for Bitcoin?

Simply put, velocity is a measure of how quickly money is circulating in the economy. For Bitcoin, the figure is calculated by dividing the on-chain transaction volume (in USD) by the market cap, i.e. the inverse of the NVT ratio. The value for the same has risen significantly in 2020, relative to 2019. In fact, […]

The post Does high velocity mean high prices for Bitcoin? appeared first on AMBCrypto.