[ad_1]
There are still a few weeks left in 2018, the total volume of Bitcoin exchanges for the year has already exceeded 2 trillion dollars. Many countries have also seen BTC trading volumes at different points in the year with an increasing number of ordinary people adopting the most popular cryptocurrency.
Bitcoin Trading up 61 Percent Since 2017
This volume of exchanges is particularly profound, given the tug of criticism from people who have lost their voices and who continue to try their hand at bitcoins. According to Satoshi Capital Research, the notional value of BTC traded so far in 2018 is $ 2.2 trillion.
The figures posted so far they represent a 61% increase over the total volume of the last years of $ 870 billion. However, the growth recorded in 2017 – 96 percent continues to be nano compared to that recorded in 2018 and will remain so unless there is a massive spike in BTC trading between now and the end of the year.
To put things in perspective, Mastercard recently released its third quarter 2018 financial data, which showed a total transaction volume of $ 4.4 billion for the year. The second largest payment card company in the world also accounts for around $ 12 billion transactions a day.
From these figures, Bitcoin 00 it is already halfway through the transaction that regulates the capacity of Mastercard, despite having lost almost 70% of its value over the course of the year. The daily volume of BTC, which is $ 8 billion, is not a million miles away from Mastercard.
Why the Nocoiners Rage?
Some may argue that the above analysis is similar to the comparison between apples and oranges. This is because the Mastercard figures only cover payments made to retail traders on both online and offline platforms. Bitcoin figures come from traders, futures trades, exchanges and even international payments.
However, the fact that a cryptocurrency with a market capitalization of less than $ 100 billion is publishing figures in the same ballpark of Mastercard is a brilliant recognition of the adoption of BTC. This statement is particularly true given the negative rhetoric exposed by critics such as Paul Donovan of UBS who recently said that the world's most popular cryptocurrency, Bitcoin, is about to collapse.
Things could also improve for cryptocurrency trading as a whole. At the beginning of the year, Bitcoinist reported that digital currency trading could grow by 50% in 2019 based on a study conducted by the Satis Group.
Do you think that the volume of Bitcoin 2018 exchanges cancels the topic "Bitcoin is dead", married by nococarmine vocal? Let us know your thoughts in the comments section below.
Image courtesy of Twitter (@chartingbitcoin), Bitcoinist archives
[ad_2]Source link
