Is Bitcoin Having a Sell Side Liquidity Crisis?

bitcoin dormant addresses july 2020

Bitcoin has been rising in its own yoyo way, eying that $10,000 for now months but still not quite taking it. If we look at a longer time frame however, the currency’s maintenance of this level and its apparent inclination to go even higher has surprised many and has even angered some bankers. There are many reasons and explanations for its rise. It being outside of the banking system for example while being easily transportable, is a pretty good reason for it to be valuable, but in this article we’ll look at what somewhat jokingly we are calling a sell side liquidity crises. What is a sell side liquidity crisis? 0.1 btc on an old phone with a dead battery, might be one answer. You might try and repair the phone, but not easy to do with iPhones for example and the cost might be more than the bitcoins in…

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