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Bitcoin’s NVT Price at an All-Time High: Willy Woo
2 mins
28 October 2020, 19:02 GMT+0000
Updated by Ryan Smith
28 October 2020, 19:06 GMT+0000
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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