Post
Topic
Board Speculation
Re: USD Swap demand on Bitfinex has never been so high
by
BuildTheFuture
on 20/06/2014, 13:54:03 UTC
Currently there are 11.8 Million dollar of USD swap demand, and only 1.1 Million of offers.

http://www.bfxdata.com/

Is this bad or good ?

Nick.

I'll go out on a limb and guess good. If you look at the longer term history of total USD swaps at the site http://www.bfxdata.com/, back during the bitcoin price jump last year the USD swap amounts outstanding were pretty much continuously hitting new highs. The higher interest rates attracted more and more USD lenders and this IMO partially fueled the overall bitcoin price rise. So I'm hoping to see something similar happen here and the interest rates and swap demand stay high enough to suck in a bunch more USD lenders.