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.

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.

 

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.

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.

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.

 

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.