Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is a fraction of Global Assets value (Ark-Invest report)
by
pooya87
on 28/01/2022, 05:34:30 UTC
shift the price by $3.14
You do realize that $3.14 price change is a tiny 0.008% change right?

They also pointed out how bitcoin is taking some share as a global settlement network. The global volume transferred is higher than Visa in 2021:

That's assuming that all Bitcoin transactions happen between different parties, and not the same party moving coins between their wallets, including their exchange accounts. Which I think happens a lot, because with large amounts of coins it can be lucrative to make profit off arbitrage trades. If you look at the chart, the total transferred value mimics the price chart, meaning that in terms of BTC it doesn't change much throughout the years.
Does it matter though? The point here is that bitcoin, a as a payment system, is handling this much transfer of value. Whether it is from one pocket to another or it is from one person to another doesn't change that bitcoin is handling all those transactions.
The point you are making is important when we are talking about adoption.