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Bitcoin’s NVT Price at an All-Time High: Willy Woo

2 mins
Updated by Ryan Smith
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In Brief

  • Blockchain analyst Willy Woo has revealed that bitcoin has already breached its all-time high Network Value Transaction Ratio (NVT).
  • The high NVT score could indicate growth due to investment or a price bubble due to speculation.
  • Woo believes that it's being driven organically by long-term investors and hence is in a long term bull phase.
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David Hundeyin
David is a journalist, writer and broadcaster whose work has appeared on CNN, The Africa Report, The New Yorker Magazine and The Washington Post. His work as a satirist on 'The Other News,' Nigeria's answer to The Daily Show has featured in the New Yorker Magazine and in the Netflix documentary 'Larry Charles' Dangerous World of Comedy.' In 2018, he was nominated by the US State Department for the 2019 Edward Murrow program for journalists under the International Visitors Leadership...
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