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.
[adinserter block="1"]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.
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