Does Bitcoin have utility?

Bitcoins daily volume today is nearly 100 billion dollars. I remember when the entire market cap was around 50–60 billion. That was 2 years ago believe it or not. What a difference 2 years can make. a 50–60 billion dollar market cap turned into 750 billion.

Back in those days we had days with 3–5 billion dollar 24 hour volume. Today we are seeing 100 billion 24 hour volume. That is a huge increase. I have not brought up stats like this in a while but they are certainly significant. Therefore I decided to make a post specifically targeting these stats.

--

--

DECENTRALIZE THE WORLD

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Announcing 2KEY Token Initial Listing!

A Beginner’s Guide to Mining Cryptocurrencies on the Mac

Benefits of developing a PancakeSwap like decentralized Exchange Platform

Interactive Charts: Ripple, Bitcoin, Ethereum, NEO, IOTA & Qtum

Bitcoin’s First Inexperienced Candle in 9 Weeks Provides Hope for the Future

FLOW Will be Available on CoinTiger on 24 May.

Shiba Inu: Here is what 79% correlation with BTC may suggest for SHIB merchants

The Corrosion of Ethics in Cryptocurrencies

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Tim Pace

Tim Pace

DECENTRALIZE THE WORLD

More from Medium

Gate W23 | Universal boarding gate to the Metaverse

The Financial Dark Ages Are Ending Thanks To Bitcoin

Comedy in the Metaverse with JaMarr John Johnson

Renting in London is the Most Expensive Ever and You still Have to Fight to Get it