Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Bitcoin now constitutes about 1.7% of money in the world today .
by
stompix
on 19/08/2025, 16:29:21 UTC
⭐ Merited by d5000 (1)
I think this is still an interesting fact, although we would have to compare the circulation velocity too.
The velocity of money in the US is currently 1.4 (quarterly GDP / M2 stock).

According to this chart. the value sent in BTC per day is worth about 25 billion USD. As a quarter is 91,25 days, this means the "quarterly GDP" in the case of Bitcoin is around 2.3 trillion USD. It's interesting that this doesn't seem that far away from the USD velocity value: today's market cap of BTC is 2,2 trillion, so it's around 1.

I guess however that the Bitinfocharts value includes coins sent back to the user's wallet as change, so the value maybe may be closer to 0.5, but nevertheless I had expected much less.

You're forgetting a few thing
- User deposits coins to the casino, the casino gets the coins, and moves coins to cold storage
- Binance moves coin from cold storage to hot address, from hot address to the actual client's pockets
- Binance realizes it has 100000 inputs, consolidates those
- Mixing....
All of these are doubling the actual Bitcoin moved in all these cases, without anything of value being transferred between two parties