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157 sats \ 2 replies \ @grayruby 18h \ on: Is increased merchant adoption reducing bitcoin's purchasing power? econ
Very few people are using Bitcoin as a MoE even if it is growing.
Trading volume on Bitcoin in the last 24 hours was 25B USD.
What I think is going on is the Bitcoin rallied aggressively after Trump was elected but much of it was leverage. Then we pulled back to 75k with the tariffs and have been grinding up and consolidating above 100k since then.
Purchasing power will go up over time as it always does.
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50 sats \ 1 reply \ @Undisciplined OP 8h
I suspect that's right. It just occurred to me that people were probably wrong to expect merchant acceptance to correspond with prices going up.
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42 sats \ 0 replies \ @Bell_curve 34m
As a merchant I think I want price stability or at least it changes or goes up gradually
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