Bitcoin (BTC) Network Processed $19.2 Trillion Worth of BTC Transactions During the Last Year

Fresh data shows that the Bitcoin (BTC) network processed BTC transactions worth $19.2 trillion over the last year.

In a new thread on the social media platform X, Pierre Rochard, a vice president at mining firm Riot Platforms, says the large volume of funds processed shows that the crypto king is both a store of value asset and a medium of exchange.

However, Rochard’s chart shows that the top crypto asset by market cap saw more funds processed in years prior. In 2021, a total of $47.7 trillion in BTC transactions were processed, while in 2022, that figure dropped to $36.4 trillion.

He also adds that institutions’ second round of Bitcoin securitization will drive BTC adoption to new heights.

“Season 2: Bitcoin Securitization. This is de facto how BTC is going to scale to a billion users.”

The executive concludes by predicting that 2025 will still be a year where the securitization of BTC – or the creation of investment vehicles like exchange-traded funds (ETFs) pegged to Bitcoin – will outpace the performance of one emerging use case in the decentralized finance (DeFi) space.

“2025 prediction: TradFi securitization of BTC will continue to eclipse DeFi tokenization of [real-world assets].”

BTC is trading at $29,8962 at the time of writing, up fractionally on the day.