Bitcoin (BTC) has processed a total value of 1% of global GDP, and this number is still increasing by an “exponential” after each halving cycle.
BTC handles $ 727 billion per year
This figure accounts for nearly 10% of the total payment transactions of the giant payment company Visa – Visa processing $ 8.8 trillion in transactions.
“Bitcoin's capital inflows (also known as annual investment rates) are now growing by a massive (10x) every 4 years,” Woo wrote on Twitter.
According to statistics, Bitcoin will “catch up” to Visa sometime after its next halving cycle, starting in May. As Toiyeubitcoin reported, smaller fiat operators like PayPal were left behind – in 2018, PayPal processed a total of $ 578 billion.
Woo acknowledges that Bitcoin data is an estimate and may include movements between cold wallets held by the exchange – which will not constitute actual transactions. Turnover payments between wallets, as well as multi-step transactions with multiple steps, have been excluded.
Small wallets hit a record high
This impressive statistic of Bitcoin appears when the number of Bitcoin wallets with low balances reaches a new record high, which shows that more and more private investors are experiencing cryptocurrencies.
Follow Glassnode, currently the number of wallets with balances greater than or equal to both 0.01 BTC ($ 101) and 0.1 BTC ($ 1,080) has reached an all-time high.
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According to CoinTelegraph
Translated by ToiYeuBitcoin