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January 24, 2026
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Capitalizations Index – B ∞/21M

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Understanding How Bitcoin Transactions Really Work What Really Backs Bitcoin’s Value: Scarcity, Security, and Use Understanding Bitcoin’s Peer-to-Peer Cash Blueprint How Bitcoin Public Addresses Are Derived From Keys Understanding Bitcoin ETFs: Funds That Track BTC Price

Users versus speculators as a measure of long-term value

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Users versus speculators as a measure of long-term value
As valuation methodology for blockchains continues to evolve, the user versus speculator metric has emerged as an important measure of a network’s fundamental health

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