speculative

Bitcoin's Speculative Growth Could Fuel Poverty for Latecomers, Warns ECB Economists

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Bitcoin's Speculative Growth Could Fuel Poverty for Latecomers, Warns ECB Economists

European Central Bank economists warn that Bitcoin’s rise is benefiting early adopters while harming society. The speculative growth of the cryptocurrency leads to wealth redistribution, with early investors getting richer while non-holders and latecomers suffer. This dynamic could deepen inequality, threaten democracy, and destabilize society. The economists caution against the negative impact of Bitcoin’s rise … Read more

Speculative Trading on NFTs and Bitcoin on the Rise: On-Chain Indicators for Retail Participation in Cryptocurrency Markets

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Speculative Trading on NFTs and Bitcoin on the Rise: On-Chain Indicators for Retail Participation in Cryptocurrency Markets

Speculative trading on-chain, involving inscriptions on bitcoin or transactions with NFTs on ether, is a retail participation indicator. High fee levels in bull markets suggest increased on-chain speculation, as seen in the 2021 market peak. Currently, NFT gas usage on ether is only at 2%, compared to 40% in 2021, according to Glassnode data. This … Read more