And this has been going on for more than a year now?
That's right, bitcoin does more in dollar volume transactions than gold does, and it's not even close:
Bitcoin is on pace to do roughly $1.1 trillion.
Gold is on pace to do roughly $.4 trillion.
Remind me why again bitcoin can't get an ETF approved?!
When will that translate into higher prices????
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Probably when all those transactions represent real world uses, instead of just trades on cryptocurrency exchanges.
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That is without large institution investment which Gold currently has, I imagine once institutional investors enter the space, the number of transactions will sky rocket.
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The price will for sure, but they mostly hold. I think transactions go up when bitcoin can actually be used to buy things. It needs the lightning network or something like it.
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