When you remove fake volume, the real BTC volume is quite healthy given its mkt cap. Gold’s market cap is ~$7T with a spot volume of ~$37B implying a 0.53% daily turnover. Bitcoin’s $70B market cap would imply a 0.39% daily turnover, very much in-line with that of gold.

https://twitter.com/BitwiseInvest/status/1109114682743406594

Submitted March 22, 2019 at 11:08PM by Bitcoin_21 https://ift.tt/2HMa0uh

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