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Rising Transaction Costs Could Trigger a Bitcoin Price Crash: CME Economist

“A CME Group economist believes that rising transaction costs could cause a bitcoin price crash” writes unknown author for Erik Norland, an executive director and senior economist at U.S. derivatives exchange operator CME Group, published an article theorizing that the rising cost of bitcoin transactions could be an early indicator of an impending bitcoin price crash.In 2010, the cost per transaction reached parity with the bitcoin price, which was then valued at approximately $30.

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