Newly released research from the MIT Technology Review, a faculty-run university magazine, suggests that bitcoins are increasingly being spent, not hoarded, by users after purchase.
The data illustrates that the number of unspent bitcoins has declined drastically from 2009, when nearly half of all bitcoins were held for the entire first year of ownership. Today, the vast majority of bitcoins purchased are spent within 24 hours, the findings suggest.
The results led the researchers to conclude:
February 14, 2014 at 08:04PM
