<

Fidelity Digital Assets research: Real insight in Bitcoin and its potentials

Since its inception, Bitcoin has shown its value, surpassing all other altcoins. And the report of the director of research at Fidelity Digital Assets, Ria Bhutoria, once again proved the value of BTC trading and its potentials on the Bitcoin network.

Bitcoin has a lot of potentials than we knew

Bhutoria’s report shows that the difference between adjusted and unadjusted transaction value figures is significant. Bhutoria has dug into transaction value and the potentials on the Bitcoin network. By filtering raw data and eliminating known change outputs, the report draws a more realistic figure. Therefore, when using these new figures, it reaches $ 2.2 trillion when the total transaction value is adjusted from the beginning so far for Bitcoin.

fidelity-digital-assets-research-real-insight-in-bitcoin-and-its-potential

Source: Coin Metrics, Fidelity Digital Assets (December 5, 2019)

According to the study, the unadjusted figure is higher and falls to about 7.5 trillion dollars. In other words, the latest cumulative figure exceeds the value of economic transactions by a factor of 3.3 times.

fidelity-digital-assets-research-real-insight-in-bitcoin-and-its-potentials1

Source: Coin Metrics, Fidelity Digital Assets (December 5, 2019)

Looking at the charts, both sets of data skyrocketed in mid-2017 after increasing relatively steadily over the previous seven years.

The network value to daily transaction value (NVT) ratios and the NVT Signal (NVTS) ratios, the network value to the average daily trading value for 90 days, are also affected by the use of unadjusted values. The peaks and troughs of this ratio are often used as a measure of asset price volatility.

Last night $ 8 million was liquidated on BitMEX short-term, and current online figures show he may not be far from the truth.

Read more:

Follow us on Telegram

Follow us on Twitter

Follow us on Facebook

You might also like

LATEST NEWS

LASTEST NEWS