Is Nobody Spending Bitcoin? Chainalysis New Data Reflects Rally

Chainalysis

Bitcoin is closing out the month near $ 8,500 USD. Surging more than 60% since the beginning of the month, its revival has caused a global stir. However, in the midst of the excitement, blockchain researcher Chainalysis is discovering a problem that perhaps most of us already know: hardly anyone is actually spending it.

Chainalysis Inc Chimes In

Data from New York-based Chainalysis is showing that “only 1.3% of economic transactions came from the first four months of 2019, little changed over the boom and bust cycles of the prior two years.”

Further, that “hardly …

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