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Morgan Stanley Report: Illiquidity Of Bitcoin May Hurt Its Transaction Property
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
Tags: Bitcoin,Liquidity,Morgan Stanley
Link: Morgan Stanley Report: Illiquidity Of Bitcoin May Hurt Its Transaction Property [Copy]