tl;dr
Bitcoin's network processed $19.2 trillion worth of BTC transactions in the last year. Pierre Rochard, a vice president at Riot Platforms, suggests this indicates Bitcoin's dual role as a store of value and medium of exchange. However, his chart shows higher transaction volumes in previous years, wi...
Bitcoin's network processed $19.2 trillion worth of transactions last year, indicating its dual role as a store of value asset and a medium of exchange, with predictions of increased adoption through securitization.
Bitcoin's network processed $19.2 trillion worth of BTC transactions in the last year. Pierre Rochard, a vice president at Riot Platforms, suggests this indicates Bitcoin's dual role as a store of value and medium of exchange. However, his chart shows higher transaction volumes in previous years, with $47.7 trillion in 2021 and $36.4 trillion in 2022. Rochard predicts increased BTC adoption through institutional securitization, expecting it to scale to a billion users. He also anticipates traditional finance securitization of BTC to surpass tokenization in decentralized finance by 2025. BTC is currently trading at $98,962, slightly up for the day.
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 .” BTC is trading for $98,962 at time of writing, a fractional increase on the day.