Decentralized Web - Q&A

A new report shows that 60% of Bitcoins haven’t moved for more than a year. If money is supposed to be a medium of exchange, and facilitate trade and commerce shouldn't we expect to see something quite the opposite from this?

Bitcoin behaves more like a stock and not like a fiat currency - it is not suitable for trade and commerce.

In general the bitcoin owners belong to the ‘buy & hold’ investors or to the active traders groups.

There may be transactions for payment for goods / services but currently a small fraction compared with the 2 big groups.

I am not sure if the report also takes into account lightning network protocol transactions - they are not recorded on the main bitcoin blockchain.