RATE Group | Bitcoin Transferred a Giant $11 Trillion Since 2009, New Data Reveals
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Bitcoin Transferred a Giant $11 Trillion Since 2009, New Data Reveals

25 Oct Bitcoin Transferred a Giant $11 Trillion Since 2009, New Data Reveals

Posted at 09:15h in Bitcoin News by

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Bitcoin (BTC) has transferred $11 trillion in wealth since its blockchain first went live in 2009, according to the fresh calculations.

Bitcoin “going strong” at $9.6 billion per day

Uploaded to social media by analyst PlanB on Oct. 24, the latest buoyant statistics for Bitcoin show the largest cryptocurrency is still beating out fiat competitors. 

At present, the network is processing around $9.6 billion every day. At that rate, Bitcoin passes PayPal’s annual transaction volume — $578 billion for 2018 — in just two months.

PlanB used his Bitcoin full node to verify the transaction data. The numbers underscore the continued interest in Bitcoin, coming despite the bearish price action in the second half of 2019. 

Can BTC overtake Visa and Mastercard in ten years?

Its ability to beat out major fiat alternatives including Visa and Mastercard is meanwhile nothing new. As Cointelegraph reported, in April, new research even suggested that Bitcoin could overtake the fiat payment…

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