Milestone: Bitcoin Inches Closer To Achieving $10 Trillion In Value Transferred

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Bitcoin was designed by the pseudonymous Satoshi Nakamoto as the first way to transfer value electronically without the need for a third-party intermediary such as a bank. The cryptocurrency is only just over 12 years young, yet after this latest rally, it is about to reach an incredible milestone of over $10 trillion in value transferred across the network. Here’s why this is especially notable, and what the next major $10 trillion dollar milestone means for Bitcoin. Bitcoin Blockchain Transfers Nearly $10 Trillion All Without Banks Bitcoin is an asset unlike any other. It is one part cryptocurrency, and one part distributed ledger network called a blockchain. Users of the technology can send, store, and receive value in the form of BTC, all without having to rely on a bank. Transactions are recorded on the blockchain for all to see, which also provides transparency and insight into the network itself.…

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