▼Holding Displaces Spending in Bitcoin Adoption

Score history

Daily conviction score, 0 to 100. Higher means the thesis is more strongly corroborated.

Now 38 · -2 since Aug 27 · ranged 36 to 38

Showing the last few days. Unlock full score history.

Why the conviction moved

• Aug 26
  Strengthened +7

  A Bitcoin Core developer reported that a restaurant at El Zonte — the site of El Salvador's original Bitcoin Beach adoption project — took its first bitcoin payment of the month from him, while a British group told Parliament that banks block 40% of transfers to exchanges. Payment activity collapsing at the movement's showcase location, alongside a documented bank chokepoint on the on-ramp, is direct evidence on both legs of the thesis.

Source trail

• Supporting · August 26, 2026

  Bitcoin payments have nearly stopped at El Zonte, while a British group tells Parliament banks block 40% of transfers to exchanges

  A Bitcoin Core developer reported that a restaurant at El Zonte — the site of El Salvador's original Bitcoin Beach adoption project — took its first bitcoin payment of the month from him, while a British group told Parliament that banks block 40% of transfers to exchanges. Payment activity collapsing at the movement's showcase location, alongside a documented bank chokepoint on the on-ramp, is direct evidence on both legs of the thesis.

  crypto.news