As I mentioned the other day one must keep watch of the daily Bitcoin transactions to get a good feel on how it’s doing compared to global e-commerce.
We all know it’s estimated that global e-commerce will average $11.7 Billion per day. Just the other day Bitcoin did about $6.6 Billion, not bad but let’s look at the past 24 hours.
Bitcoin quietly reached $9.5 Billion, it’s the quiet Crypto, strong and steady. It doesn’t need a lot of attention but it gets it anyway. Over 80% of global e-commerce transacted on Bitcoin, the king of Crypto.
Bitcoin Cash coming in at $240 Billion, the second largest when not including Ethereum. Bitcoin Cash utilizing Simplified Payment Verification (SPV) for almost instant transactions, it’s quoted in section 8 on page 5 of the Bitcoin whitepaper.
Litecoin comes in at number 3 with $122 Million, not too bad but still a long way to go in the scheme of things.
And then we have Bitcoin SV, last but not least. Similar to Bitcoin Cash it utilizes SPV from the whitepaper. Coming in at just $39 Million it’s got a long way to go for sure but it’s making great progress. Bitcoin SV has a great team behind it, great marketing machine and is the youngest of the four. The team behind it is laser focused and we expect to see the amount transacted to grow over time. Unlike Bitcoin, Bitcoin SV is not the quiet one, they are loud and proud, demanding attention to what they are accomplishing. They deserve the attention and we foresee them getting more attention as the weeks and months pass by.
Nice