Total Value of Transactions Sent on BTC Blockchain Exceed $100T
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An Ark Invest analyst has said that the cumulative value of transactions in the Bitcoin network has exceeded $100 trillion, but the real economic activity in the blockchain is much lower than this estimate.
He has referred to data from the Glassnode service, which, when calculating, takes into account transfers between wallets belonging to the same users. In his opinion, the indicator associated with real economic activity is $7.3 trillion.
He has said:
“Hold your horses, cowboys and cowgirls. The above is just a milestone and a factoid, it should be taken that way. For a true measure of cumulative economic activity, the mark is $7.3 trillion (adjusted for change and actors).”
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