New Bitcoin Users Activity Spikes To New All-Time Highs, What Does It Mean?
The new Bitcoin users graph is a sight to behold. Even though Bitcoin’s price was horizontal for a while there, the network kept growing. And, with each new participant, the network expands infinitely. And, with that, the value of the network increases in the same magnitude. Such is the nature of the “network effect” phenomenon. That is what this chart by on-chain analyst Will Clemente shows: The number of new users coming on the Bitcoin network continues to reach new all time highs. pic.twitter.com/yttPlhJBPd — Will Clemente (@WClementeIII) August 4, 2021 As one of the hosts from....
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