Bitcoin’s Network Processes $19.2 Trillion in Transactions Over the Past Year
Recent data has revealed that Bitcoin’s network processed a whopping $19.2 trillion worth of BTC transactions in the last year. This information was shared by Pierre Rochard, the vice president of mining firm Riot Platforms, in a thread on the social media platform X. Rochard pointed out that this significant amount of funds processed highlights Bitcoin’s dual role as both a store of value asset and a medium of exchange.
However, Rochard’s analysis also showed that in previous years, Bitcoin saw even higher levels of transaction volume. In 2021, a staggering $47.7 trillion worth of BTC transactions were processed, compared to $36.4 trillion in 2022.
Rochard further predicts that the second round of Bitcoin securitization by institutions will lead to a surge in BTC adoption, reaching unprecedented levels. He believes that this trend, which he refers to as “Season 2: Bitcoin Securitization,” will be instrumental in scaling Bitcoin to a billion users.
Looking ahead to 2025, Rochard anticipates that the securitization of Bitcoin, including the creation of investment vehicles like exchange-traded funds (ETFs) linked to BTC, will continue to outpace the growth of emerging use cases in the decentralized finance (DeFi) space. He suggests that traditional finance’s securitization of BTC will surpass DeFi’s tokenization of real-world assets.
As of the time of writing, Bitcoin is trading at $98,962, showing a slight increase for the day.
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