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What Bitcoin Did #88 Matthew Hougan from Bitwise on Why 95% of Reported Bitcoin Trade Volume is Fake

Published on March 25th, 2019 by DSholla

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“The reported spot volume of Bitcoin that is claimed on sites like Coin Market Cap is about $6bn a day, that means all Bitcoin would turn over about every two weeks, for something which is designed primarily as a long-term store of value. That is absurd.” — Matthew Hougan

Interview Location: Skype

Interview Date: Friday 22nd March, 2019

Company: Bitwise Asset Management

Role: Global Head of Research

Bonus show: following the release of the Bitwise report on the reported fake exchange volume across most exchanges, submitted as part of their ETF application, I caught up with Matthew Hougan, their Global Head of Research to discuss it.

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