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Dutch 'Bitcoin City' Project Shows Most People Don't Want to Spend BTC

From bitcoinist.com

The number of merchants accepting Bitcoin is growing worldwide, but there’s a caveat. The majority of the Bitcoin users don’t want to spend the digital gold, at least not yet. At 14,518 as of April 2019, the number of merchants accepting BTC payments is on the rise, with a large concentration in Europe and the U.S. Bitcoin ATMs doubled in 2018 as well to well over 4,000. These have to be good indicators for mass adoption. Although, as it stands right now, there are few people who are interested in buying bitcoins with a 8 percent markup at a Bitcoin ATM, only to then spend it on a sandwich. While the above heatmap ... (full story)

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  • Category: Fundamental Analysis