Bloomberg Reports Even At Its Least Volatile Nobody Is Spending Bitcoin

Bloomberg Reports Even At Its Least Volatile Nobody Is Spending Bitcoin
фото показано с : cryptodaily.co.uk

2018-8-2 23:00

Many argue (including ourselves) that when Bitcoin volatility drops, it will become far easier to spend and thus, more adoptable. Now, Bitcoin volatility is hardly down at the moment, but we can say that volatility has decreased somewhat.

With cryptocurrency more popular than ever, this seems to be the perfect recipe for adoption right? A less volatile, more popular currency will be spend more?

Well, according to Bloomberg, this isn’t the case:

“After peaking at $411 million in September, the amount of money the largest 17 crypto merchant-processing services received in the best-known cryptocurrency has been on a steady decline, hitting a recent low of $60 million in May, according to research startup Chainalysis Inc.

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