Currencies32904
Market Cap$ 2.77T-0.89%
24h Spot Volume$ 24.80B+2.37%
DominanceBTC59.03%+0.53%ETH7.64%-0.84%
ETH Gas0.52 Gwei
Cryptorank
MainNewsBitcoin Netw...

Bitcoin Network Processed $19,200,000,000,000 Worth of BTC Transactions Last Year, Says Riot Platforms Executive


Jan, 06, 2025
2 min read
by Mehron Rokhy
for The Daily Hodl

New data reveals that Bitcoin’s (BTC) network processed $19.2 trillion worth of BTC transactions during the last year.

In a new thread on the social media platform X, Pierre Rochard, a vice president of mining firm Riot Platforms, says the huge amount of funds processed indicates that the crypto king is both a store of value asset and a medium of exchange.

However, Rochard’s chart indicates that the top crypto asset by market cap saw more funds processed in years prior. In 2021, a staggering $47.7 trillion worth of BTC transactions were processed while in 2022, that number dipped to $36.4 trillion.

GgauZZdXMAAM7MU
Source: Pierre Bochard/X

He also says that institutions’ second round of Bitcoin securitization will see BTC adoption rise to heights never seen before.

“Season 2: Bitcoin Securitization. This is de facto how BTC is going to scale to a billion users.”

The executive goes on to predict that 2025 will still be a year where the securitization of BTC – or the creation of investment vehicles such as exchange-traded funds (ETFs) linked to Bitcoin – will continue to outpace the performance of one emerging use case in the decentralized finance (DeFi) space.

“2025 prediction: TradFi securitization of BTC will continue to eclipse DeFi tokenization of [real-world assets].”

BTC is trading for $98,962 at time of writing, a fractional increase on the day.

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post Bitcoin Network Processed $19,200,000,000,000 Worth of BTC Transactions Last Year, Says Riot Platforms Executive appeared first on The Daily Hodl.

Read the article at The Daily Hodl

Read More

Bitcoin losses mount, traders hit hard! – Is the worst yet to come?

Bitcoin losses mount, traders hit hard! – Is the worst yet to come?

Short-term holders are taking the brunt of the hit.
Apr, 06, 2025
by AMBCrypto
Stocks bleed; Bitcoin holds – How THIS divergence could send BTC to $100k

Stocks bleed; Bitcoin holds – How THIS divergence could send BTC to $100k

Market shakeout: Is Bitcoin eyeing $100k amid macro deleveraging cycle?
Apr, 06, 2025
by AMBCrypto
MainNewsBitcoin Netw...

Bitcoin Network Processed $19,200,000,000,000 Worth of BTC Transactions Last Year, Says Riot Platforms Executive


Jan, 06, 2025
2 min read
by Mehron Rokhy
for The Daily Hodl

New data reveals that Bitcoin’s (BTC) network processed $19.2 trillion worth of BTC transactions during the last year.

In a new thread on the social media platform X, Pierre Rochard, a vice president of mining firm Riot Platforms, says the huge amount of funds processed indicates that the crypto king is both a store of value asset and a medium of exchange.

However, Rochard’s chart indicates that the top crypto asset by market cap saw more funds processed in years prior. In 2021, a staggering $47.7 trillion worth of BTC transactions were processed while in 2022, that number dipped to $36.4 trillion.

GgauZZdXMAAM7MU
Source: Pierre Bochard/X

He also says that institutions’ second round of Bitcoin securitization will see BTC adoption rise to heights never seen before.

“Season 2: Bitcoin Securitization. This is de facto how BTC is going to scale to a billion users.”

The executive goes on to predict that 2025 will still be a year where the securitization of BTC – or the creation of investment vehicles such as exchange-traded funds (ETFs) linked to Bitcoin – will continue to outpace the performance of one emerging use case in the decentralized finance (DeFi) space.

“2025 prediction: TradFi securitization of BTC will continue to eclipse DeFi tokenization of [real-world assets].”

BTC is trading for $98,962 at time of writing, a fractional increase on the day.

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post Bitcoin Network Processed $19,200,000,000,000 Worth of BTC Transactions Last Year, Says Riot Platforms Executive appeared first on The Daily Hodl.

Read the article at The Daily Hodl

Read More

Bitcoin losses mount, traders hit hard! – Is the worst yet to come?

Bitcoin losses mount, traders hit hard! – Is the worst yet to come?

Short-term holders are taking the brunt of the hit.
Apr, 06, 2025
by AMBCrypto
Stocks bleed; Bitcoin holds – How THIS divergence could send BTC to $100k

Stocks bleed; Bitcoin holds – How THIS divergence could send BTC to $100k

Market shakeout: Is Bitcoin eyeing $100k amid macro deleveraging cycle?
Apr, 06, 2025
by AMBCrypto