Cycling On-Chain #2: Bitcoin Enters Geopolitics
China cracks down against Bitcoin while El Salvador adopts it as legal tender; who’s making the right move?Dilution-proof, July 1, 2021Cycling On-Chain is a monthly series that uses on-chain and price-related data to better understand recent market movements and estimate where we are in bitcoin’s larger market cycle. After providing a broader look back and forward in the previous edition, we’ll now look at Bitcoin’s on-chain data through the lens of June’s two most impactful events that introduced Bitcoin to the geopolitical stage: China cracking down against Bitcoin while El Salvador....
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