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113 sats \ 1 reply \ @frostdragon 12 Aug \ on: What is the best way to measure Bitcoin adoption? bitcoin
🙋♂️I have a decent answer!
Check out hodl waves:
https://m.stacker.news/45476
This essentially measures how many UTXO's are being used in transactions, and more importantly, how many are NOT.
In other words, this shows over time how many UTXOs are being HODL'd. (source: https://unchained.com/hodlwaves, and see https://unchained.com/blog/hodl-waves-1/ for more detail)
I will also say - if you're going to look at price, look at the 200 Week Moving Average, seen below. I feel like this captures the long term adoption process in terms of overall human monetary valuation, and it's better than looking at short term volatility.
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