Bitcoin Boomed in 2024: $19 Trillion in Transactions Settled
If you’re wondering whether Bitcoin’s still got it, let me assure you—it does. In 2024, the Bitcoin network processed over $19 trillion worth of transactions, proving that the cryptocurrency is alive, thriving, and more relevant than ever. That’s more than double the $8.7 trillion settled in 2023 and marks a significant reversal after two sluggish years.
According to Pierre Rochard, vice president of research at Riot Platforms, Bitcoin is cementing its dual purpose: a hedge against inflation and a functioning global payment system. Rochard summed it up perfectly, saying:
"The Bitcoin network finalized more than $19 trillion worth of BTC transactions in 2024, decisively proving that Bitcoin is both a store of value and a medium of exchange."
That’s no small feat in a year marked by the rollout of a Bitcoin exchange-traded fund (ETF) in the U.S., the much-anticipated halving event in April, and Bitcoin’s price hitting an eye-popping $108,000.
Why This Matters to You
The explosive growth in transaction volume and price action isn’t just good news for tech geeks or hedge funds; it’s a wake-up call for anyone watching their dollar lose buying power by the minute. Bitcoin is showing us it’s not just an alternative to fiat—it’s a better system altogether.
But don’t get it twisted: Bitcoin isn’t replacing gold and silver. It’s a complement. Think of it as another tool in your wealth-protection toolbox.
Record-Breaking Hashrate: A Glimpse at Bitcoin’s Future
Bitcoin’s hashrate—the total computing power securing the network—also smashed records. On January 3, 2024, the network hit an all-time high of 1,000 exahashes per second (EH/s). That’s mind-blowing when you realize how much global power it takes to run this decentralized system.
While it’s since settled back to around 775 EH/s, mining pools based in the U.S. dominated the scene, contributing over 40% of the global hashrate in 2024. However, Chinese pools still hold the majority, thanks to a distributed network of miners operating behind the scenes.
Keep in mind, the true geographic distribution of miners is murky. VPNs and anonymous networks make it nearly impossible to pinpoint exact locations. But that’s part of Bitcoin’s beauty—it’s borderless, just like gold and silver.
A Call to Action
What does this mean for you and your family’s financial future? It means the systems we’ve relied on are shifting under our feet. Bitcoin’s rise is another flashing red light warning us that the dollar—and fiat currencies in general—are in serious trouble.
Gold, silver, and now Bitcoin are your best bets to protect your wealth in an uncertain future. Don’t wait for the next market crash or government overreach to wake up. Take action now.
Download Bill Brocius' free eBook, "Seven Steps to Protect Yourself from Bank Failure," and learn how to safeguard your finances today. Click here: Download the eBook
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