How Bitcoin Became Crypto’s Answer to Wine, Whisky and Watches

[Galaxy]

As Bitcoin trading volumes decline, the asset is being seen as something more like a rare asset than a tradeable currency. Little over 12 months ago, the amount of Bitcoin sloshing through the markets was double that of the second most liquid asset, Ether, the currency of Ethereum. Today the opposite is true.

In fact, Bitcoin’s trading volume has been declining since 2018, but as we’ve seen in this year, Bitcoin’s price has been ticking up, surpassing $13,000 for the first time this year.
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