Bitcoin Velocity Slows Down: CryptoQuant CEO Ki-Young Ju

IconCryptoNewsTerminal Staff11 Jun, 2024

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Bitcoin Velocity Slows Down: CryptoQuant CEO Ki-Young Ju

CryptoQuant CEO Ki-Young Ju analyzed that "BTC velocity has slowed down, as is the case 13 years ago," on CryptoQuant. Ju claims that Bitcoin is being used as digital gold, held by institutions, contrary to Satoshi's vision. Bitcoin's velocity will peak once it becomes widely used for payment.