The current levelling out of bitcoin’s price volatility might be great news for daily bitcoin users, but could it send a bunch of exchanges off the cliff?
CoinDesk recently talked to the CEO of a business whose fortune depends on the health of bitcoin exchanges. In the off-record conversation, the officer had something troubling to say: bitcoin’s falling volatility is triggering problems for exchanges, which count on volatility for trading volume. Without trading volume, their incomes will certainly fall, leading to a shakeout in 2015.
That’s scary things, but does it hold up? Let’s begin with the link in between volatility and volume.Continue reading
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