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Morgan Stanley Report: Illiquidity Of Bitcoin May Hurt Its Transaction Property

Mary Liu

Summary: According to Coindesk, Morgan Stanley issued a new report stating that if Bitcoin's liquidity continues to decline, its use case for the transaction may be damaged. Data shows that the number of addresses holding more than $1 million value of Bitcoin is increasing, and wallets holding more than 100 BTC own over 60% of the ...

According to Coindesk, Morgan Stanley issued a new report stating that if Bitcoin's liquidity continues to decline, its use case for the transaction may be damaged.

Data shows that the number of addresses holding more than $1 million value of Bitcoin is increasing, and wallets holding more than 100 BTC own over 60% of the circulating coins.

Therefore, the report says the rationale for using Bitcoin as a means of exchange “becomes harder to defend” because it is no longer as attractive as a tool for trading goods and services.

By Mary Liu

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