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November 30, 2018

Learn how bitcoin is being adopted as a payment method [Analysis]

bitcoin price and adoption

The head analyst at The Block, Larry Cermak, recently shared his findings after analysing data for the venues that accept bitcoin (ATM’s, stores, services and restaurants). He used the coinmap API to get data (//coinmap.org/api/ ).

Here is the thread where he discusses his findings of how merchants accepting bitcoin correlates with the bitcoin price:

 

You can read a more detailed analyses by larry on The Blogs website: https://www.theblockcrypto.com/2018/11/29/buying-with-bitcoin-though-still-not-common-a-tiny-city-in-the-netherlands-points-the-way-to-a-digital-future/