The founder and CEO of the analytical platform CryptoQuant reported that the transaction speed in the network of the first cryptocurrency has decreased to the level of 13 years ago. The reason for this is that Bitcoin has not become an asset for everyday payments.

Ki Young Ju demonstrated on a blockchain performance timeline the activity spikes, which had practically disappeared by 2024.

According to him, despite Satoshi Nakamoto's ambition to make BTC electronic cash, this goal has not been achieved:

Major market players primarily view Bitcoin as a store of value and rarely use it for transactions. Ki Young Ju believes that the situation can only improve with the adoption of operations on L2 solutions.

Former Coinbase executive Nik Tomeino agreed with Ki Young Ju's opinion. In his view, the first cryptocurrency is not suitable for everyday payments:

Earlier, Ki Young Ju suggested that given the current rate of capital inflows into spot Bitcoin ETFs, a liquidity crisis on the seller's side could occur in six months.