Bitcoin is Seeing More Transaction Volume Than Gold

Despite the sluggish price, the world’s most popular cryptocurrency has been settling more transaction volume than gold since Q2 2017.

Bitcoin Showing More Utility Than Gold

Bitcoin 00 is on track to clear more transaction volume than the global gold markets.

Bitcoin has been clearing more tx volume than global gold markets since early 2017.

BTC: on pace to process $1.1 trillion in 2018 transactions
Gold: on pace to process $0.4 trillion in 2018 transactions

Sources: https://t.co/eVqQiq56gv for BTChttps://t.co/zqh4eykqNb for Gold pic.twitter.com/oc5piRvrXE

— Kevin Rooke (@kerooke) August 15, 2018

Interestingly enough, though, this is not a one-off event – it has been happening consistently since the second quarter of 2017 after the world’s first cryptocurrency hit ‘parity’ with the price of an ounce of gold in spring of last year.

It’s also worth noting that despite the serious hit Bitcoin took in 2018, it’s still outperforming the precious metal by a factor of…