The debate over Bitcoin’s market strength continues, yet one analyst has released data indicating that investment in the flagship cryptocurrency has been considerably more substantial than previously thought. If true, it indicates that Bitcoin’s price could soon rise dramatically.


MILLIONS ADDED TO THE BITCOIN MARKET EACH DAY

PlanB has made several observations recently, most notably regarding the remarkable correlation between Bitcoin’s stock-to-flow ratio and its price. Most recently he explains that for Bitcoin to have maintained a value of USD $7k since October 2017, $400 million per month has been invested.

He has tweeted:

To clarify his statement, miners add 1,800 new Bitcoins to the total supply every day, most of which are sold. If each Bitcoin is worth $7k, then just over $400 million per month of new investment has…



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Author: Trevor Smith

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