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Total amount of Bitcoin transactions reaches $260 million per day

According to the latest data, the total amount of Bitcoin transactions has reached $260 million per day or approximately $180,000 per minute since the beginning of 2017. The Blockchain Products Lead of ARK Investment Management Chris Burniske cited these figures in his Twitter.

According to Burniske, it is possible to say that amount of Bitcoin transactions has already exceeded similar figures of 2016 by 55%. However, the growth rate in comparison with 2015 was 118% in the previous year, which was considered to be a breakthrough for Bitcoin.

In the meantime, a known investor Trey Mayer notes that users of the Bitcoin network send each other a daily value equivalent to 45 tons of gold. At the same time, a fee amount is only 0.01%.

The growing popularity and, consequently, renewed growth of Bitcoin is encouraging investors. Another key factor could be a launch of one of several stock exchange funds, which is going through a registration procedure. However, Burniske previously expressed concern that this could lead to an increased speculation on the part of traders.

Source: forklog.com

  • February 20, 2017 4:29 PM MSK
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