According to the well-known cryptographer and creator of Bit Gold Nick Szabo, the indicators of realized capitalization and volatility indicate a strengthening of the position of bitcoin in the long term.
The long-term chart reflects the superior deep safety, global seamlessness, and monetary soundness of Bitcoin.
– Nick Szabo ? (@ NickSzabo4) August 26, 2019
“The long-term chart reflects superior and deep reliability, global integrity and monetary stability of bitcoin”
According to Sabo's observations, the volatility of the first cryptocurrency is gradually decreasing, and a steady growth is visible on the logarithmic chart of realized capitalization:
Two illuminating bitcoin charts: 365-day volatility & log realized capitalization. pic.twitter.com/5ujm8w7yqE
– Nick Szabo ? (@ NickSzabo4) August 26, 2019
The realized capitalization rate was developed by Nick Carter, co-founder of Coinmetrics analytical service. It is based on the aggregation of UTXO [unspent transaction outputs] taking into account the BTC price at the last activity of the coins. At the same time, the indicator does not take into account bitcoins, which for a long time lie motionless and are probably lost forever.
Bitcoin's realized capitalization is now above the $ 100 billion mark.
Recall, earlier Nick Szabo said that Bitcoin can survive even a nuclear war.
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