Author: Martin Young

There are a number of differing metrics analysts use to determine the health of the Bitcoin ecosystem. Hash rate and transactions are two of the most popular but distribution in terms of the number of addresses can also be used to determine adoption rates. Bitcoin Addresses Increasing Over the past two years the number of BTC addresses has surged indicating that the asset is undergoing greater adoption. The largest gain is the number of addresses with less than a million satoshis which also suggests a more even distribution that is not just a few whales or large exchanges. According to director of research at The Block, Larry Cermak, this is a very bullish metric. “This is probably the most bullish chart on Bitcoin I’ve seen to date. …

Economic hardship, whether driven by trade wars or political divisions, usually drives investors into safe haven assets. It has been the case for gold and Bitcoin this year as currencies get crushed and recession fears loom. Britain’s Brexit woes may spell short term doom for the fintech industry but it is likely to have the opposite effect on Bitcoin. Could Brexit Batter Blockchain Startups? As the deadline for Britain’s exit from the European Union approaches, the political squabbling has intensified. The infighting between politicians wanting to remain and those wanting to leave the EU has gone on for three years causing more economic damage and uncertainty than the event itself. The media is also clearly divided as is the population. Forbes has sided with the purveyors of …

One of the current negatives in the crypto industry is the tribalism and Bitcoin bickering between rival clans online. While healthy discussion on the pros and cons of virtual money should be encouraged, it often deteriorates into digital mudslinging which detracts from the real issues at hand. Schiff vs Pomp in Bitcoin Battle Goldbug Peter Schiff has been very vocal in recent days and has ramped up his anti Bitcoin rhetoric to the levels we would expect from the likes from permabear Nouriel Roubini. The underlying trend with those that do not believe in cryptocurrencies is that they are old school investors that prefer old school, tried and tested financial vehicles such as stocks and commodities. In the same way that the internet revolutionized the flow of …