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Title: [2018-08-14] Despite its 70% Drop, Bitcoin Surpassed Gold in Settlement Volume Post by: BitcoinArsenal on August 14, 2018, 06:20:35 PM According to the clearing statistics of the London bullion market (LBMA), five major clearing members of the LPMCL including HSBC, ICBC Standard Bank, JP Morgan, Scotiabank and UBS, the global gold over-the-counter (OTC) market is on track to settle $446 billion in 2018, having settled less than $30 billion on a monthly basis since January.
Full article on CCN (https://www.ccn.com/despite-its-70-price-drop-bitcoin-surpassed-gold-in-settlement-volume/) Title: Re: [2018-08-14] Despite its 70% Drop, Bitcoin Surpassed Gold in Settlement Volume Post by: 1Referee on August 14, 2018, 08:58:33 PM It's an article written without taking into consideration that using USD block value data as metric isn't the right way to move forward in this case.
Just because Bitcoin's network has processed like $900 billion in value doesn't mean everything is related to OTC trades. Some interesting stats; Block 500002 (https://blockchair.com/bitcoin/block/500002) (2017-12-18) is the highest ever USD block value measured = $3.55 billion. Block 506462 (https://blockchair.com/bitcoin/block/506462) (2018-01-28) is this year's highest USD block value measured = $1.91 billion. Block 394736 (https://blockchair.com/bitcoin/block/394736) (2016-01-24) has the highest ever BTC output value measured = 6.5 million BTC. Block 500546 (https://blockchair.com/bitcoin/block/500546) (2017-22-12) has the highest ever USD block fee measured = $240,800 (lucky miners). Title: Re: [2018-08-14] Despite its 70% Drop, Bitcoin Surpassed Gold in Settlement Volume Post by: cryptofonia on August 15, 2018, 10:30:26 AM There is right statistics since the most trade of gold is trade of "paper gold" the same as it's going with "paper oil".
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