Chainalysis Chief Economist: Cryptocurrency false trading volume declines in 2019

Philip Gradwell, chief economist at data analysis company Chainalysis, said that people may think that 2019 will be a year of rising prices and institutional presence, and there will be greater false trading volume. ) Prevailed. He said that by analyzing the data on the chain to study the false transaction volume from 2018 to 2019, he found that the latter has decreased. Speaking of the price of Bitcoin and commenting on its 92% growth, Gradwell again stated that on-chain data is "an important source of market truth."