At the time of the famous Bitcoin bull that occurred in late 2017, the token’s capitalization increased from $25 billion to $240 billion, following Visa’s market cap movement. As and when the bear market kicked in 2018, Bitcoin’s average daily volatility was three times higher than the 6% volatility rate of its competitors.
The research further elaborates over the total number of transactions per year on the platform. Visa led the race with 124 billion transactions and PayPal secures the last place with 10 billion transactions. Bitcoin grabbed the second highest level of transactions per year with 81 billion and Mastercard is at the third position, with 74 billion yearly transactions.
In terms of total transaction and payment volume, BTC manages to surpass PayPal with $3.4 trillion, versus PayPal’s $57 billion. As for Visa and Mastercard, the duo leads the race with $11.2 trillion and $5.9 trillion transaction and payment volume respectively.
With the staggering total of $3.4 trillion transferred with Bitcoin last year, we decided to compare Bitcoin with traditional payment systems and the results are very surprising.
Follow the link below to read the full study! https://t.co/QxAjZrzeyb— DataLight (@DataLightMe) April 1, 2019