According to CryptoSlate, Bitcoin's stored value has been estimated at $1.03 trillion, marking an 85% increase since the start of 2024. This figure, provided by CryptoQuant CEO Ki Young Ju, contrasts with Bitcoin's $2 trillion market cap, offering a more accurate reflection of actual capital inflow. Ju's estimate combines on-chain and off-chain data, with off-chain calculations considering exchange reserves and average prices, while on-chain metrics use the 'realized cap' to track Bitcoin's value based on recent price movements. This method accounts for over-the-counter trades and exchange activity, providing a clearer picture of Bitcoin's capital inflows.
Bitcoin's Stored Value Reaches $1.03 Trillion, Up 85% in 2024
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