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by derac
1480 days ago
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I would argue this can only be proven by showing the number of individual users buying crypto over time. Of course, due to the pseudonymous nature of crypto this is impossible to prove. One person can open 10 billion accounts and make a minor transaction on each in the extreme case. Do you have any data that proves your case conclusively? |
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https://go.chainalysis.com/rs/503-FAP-074/images/Geography-o...
from (in case the link of the doc doesn't work)-> https://go.chainalysis.com/2021-geography-of-crypto.html
this data clearly doesn't show current situation (June 2022 to be precise) as that report is not out yet but the macro situation is clearly affecting valuations in all markets (commodities, equities, crypto, etc) specially crypto and growth-driven tech companies as they are obviously more risky in a higher interest and more uncertain (from the global macro perspective) environment.