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Compare this to October of last year when blocks were generated at close to 7 minutes per block. That means now the network generates about 62 fewer blocks per day than last October. This is equivalent to 1550 BTC less influx in bitcoin supply per day which means significantly less selling pressure in the market.
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It takes about $1.33m of new fiat money coming into the bitcoin economy to buy up the total bitcoin supply increase of about 3600 BTC per day. This is the lowest dollar amount it's been in a year and the lowest BTC amount it's been in almost 2 years. In light of all this, I am strongly bullish.
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It takes about $1.33m of new fiat money coming into the bitcoin economy to buy up the total bitcoin supply increase of about 3600 BTC per day. This is the lowest dollar amount it's been in a year and the lowest BTC amount it's been in almost 2 years. In light of all this, I am strongly bullish.
Thank you for sharing that, we're all strongly bullish!
Coinapult ?