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You must have velocity of money to have adoption. If the velocity of BTC goes to 0 we no longer have a viable currency.

As the velocity of money increases this money goes through the economy faster making the money supply feel larger. While there is a finite number of Bitcoin that can ever be mined there are an infinite number of transactions possible. The value of BTC absolutely ceases to exist if it’s not being used.

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Discussion

( -_-) 2y ago

There's no way to calculate bitcoin velocity accurately - so the numbers are meaningless

Mallory 2y ago

Do you say so because of price level? Or why?

Mallory 2y ago

Do you not think with the blockchain we have an even better ability to calculate the velocity of btc than any other currency in the past? All the transactions are recorded. We’re not trying to guess about the circulation of cash funds.