New data shows that the Bitcoin (BTC) network processed a whopping $19.2 trillion in transactions over the last year. That's a huge number!
Pierre Rochard, who is a vice president at Riot Platforms, shared this information on the social media platform X. He pointed out that this significant amount highlights Bitcoin’s role as both a store of value and a medium of exchange.
However, it’s interesting to note that the total amount processed in previous years was even higher. In 2021, Bitcoin transactions reached an incredible $47.7 trillion. The following year, that figure dropped to $36.4 trillion.
Rochard believes that the next phase of Bitcoin securitization will lead to even greater adoption. He calls this "Season 2: Bitcoin Securitization." He sees it as a crucial step toward expanding Bitcoin’s user base to one billion.
Looking ahead, he predicts that 2025 will be a significant year for Bitcoin. He expects the creation of investment vehicles, like exchange-traded funds (ETFs) linked to Bitcoin, to continue growing. Rochard thinks this trend will surpass the growth of new applications in the decentralized finance (DeFi) sector.
He confidently states, “In 2025, the securitization of BTC will continue to outshine the tokenization of real-world assets in DeFi.”
As of now, BTC is trading at $98,962, showing a slight increase for the day. It’s an exciting time in the world of cryptocurrency!