Finst

$100 Trillion in Bitcoin Has Been Traded

The value of all Bitcoin transactions has crossed the $100 trillion mark.

By Mike Hesp
• 1 min read
$100 Trillion in Bitcoin Has Been Traded

The value of all Bitcoin transactions has crossed the $100 trillion mark. But there is one catch with that figure.

The total value of all Bitcoin transactions in U.S. dollars has crossed $100 trillion. That’s according to a tweet from ARK Invest analyst David Puell.

But the stats collected by Glassnode are misleading, because they also include transactions between wallets that belong to the same person. According to Puell, the real value of all transactions between different "entities" is $7.3 trillion, far below the $100 trillion mark.

Disclaimer: This content is for informational purposes only and does not constitute financial, investment, legal, or tax advice. The information provided may be incomplete, inaccurate, or outdated and should not be relied upon as such. Nothing on this website should be considered a recommendation to buy, sell, or hold any cryptocurrency. Investing in crypto-assets involves risk of loss.