BitMEX Research: Bitcoin Economics – Deflationary Debt Spiral (Part 3) – Bitcoin is resilient against some traditional disadvantages of deflation. Bitcoin has weaknesses, often overlooked by critics, which make the controversial supply cap necessary. (New PDF Report)

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Bitcoin – The Currency of the Internet

We are in the cleansing phase of crypto – where the alts that should never have had high value are steadily bleeding out. This cleansing is a necessary step to enable the next step up for Bitcoin.

In the past 30 days, Bitcoin is up 7.2% and only 5 coins have performed better than Bitcoin in fiat value change. And of those, only Litecoin has a market cap that puts in among the major coins. All other coins have lost value compared to Bitcoin. During this same time that Bitcoin is +7%, Bcash is -20%, for example.

https://www.livecoinwatch.com/

This phase is a healthy and necessary and welcome cleansing of the market. When it completes, Bitcoin will take its next leg up in value to new ATH.

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Bitcoin – The Currency of the Internet