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

New information reveals that Bitcoin’s (BTC) community processed $19.2 trillion value of BTC transactions over the past 12 months.

In a brand new thread on the social media platform X, Pierre Rochard, a vp of mining agency Riot Platforms, says the massive quantity of funds processed signifies that the crypto king is each a retailer of worth asset and a medium of trade.

Nonetheless, Rochard’s chart signifies that the highest crypto asset by market cap noticed extra funds processed in years prior. In 2021, a staggering $47.7 trillion value of BTC transactions had been processed whereas in 2022, that quantity dipped to $36.4 trillion.

He additionally says that establishments’ second spherical of Bitcoin securitization will see BTC adoption rise to heights by no means seen earlier than.

“Season 2: Bitcoin Securitization. That is de facto how BTC goes to scale to a billion customers.”

The manager goes on to predict that 2025 will nonetheless be a 12 months the place the securitization of BTC – or the creation of funding autos similar to exchange-traded funds (ETFs) linked to Bitcoin – will proceed to outpace the efficiency of 1 rising use case within the decentralized finance (DeFi) area.

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

BTC is buying and selling for $98,962 at time of writing, a fractional enhance on the day.

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