Bitcoin Causes a Stir: Overtakes Global Payment Giants!
Imagine this: Bitcoin, the digital currency that was once appealing only to geeks, is now turning the financial world upside down! Glassnode, an analytics company, has published astonishing statistics showing that traders move $46.4 billion worth of Bitcoin daily. This staggering figure reveals the enormous volume of activity in the digital currency market.
But wait, that’s just the beginning of the story! This astronomical figure has surpassed the transaction volume of global payment giants, namely Visa ($38.9 billion) and Mastercard ($24.7 billion). Yes, you read that right!
However, before you throw your hat in the air, you should know that these numbers include all on-chain activities. If we only count real economic transactions – that is, cash transactions and inter-entity transfers – the figure drops to about $6.5 billion per day. Well, this is still less than credit cards, but it’s impressive nonetheless!
And for comparison with other big players: the trading volume of gold, that beloved yellow metal, is $162.6 billion per day, and the S&P 500 index, which shows the pulse of Wall Street, trades $253 billion per day.
