Bitcoin Forum

https://www.talkimg.com/images/2025/08/19/UZuShv.jpeg

Bitcoin which where designed by the pseudonymous   Satoshi Nakamoto sometimes in 2008 which was considered less fancy then as most people didn't give much attention to the idea which was designed primarily as a digital store of value which can be made to make digital transactions removing the place of a third party is today revolutionizing the world especially on the digital space , Bitcoin now accounts for 1.7% of the total money in the world world with a market cape of about 2.35  trillion dollars versus a global m2 of about 140 trillion dollars.

This milestone is a testament of Bitcoin ever growing micro economic importance which is deep rooted in institutional adoption what started as a fringe assert is now one of the biggest investment drives of the world today.
https://www.bitget.com/news/detail/12560604913470

Not bad, but I'm not sure I buy the parallelism because, although bitcoin was created as a currency, it is hardly used as such. It is often compared to the asset market, with a total value of $900 trillion, which I think is more accurate given the current state of affairs.

1.7% is still huge but not very huge yet if compared to what will come. Let us see what would happen in the next 15 years. I think bitcoin would have gotten to $20 trillion in marketcap by that time.

All I know is that a time will come that bitcoin will be exactly behind gold and compete with gold.

It would be better just a good alternative to fiat, than to compete with gold itself..

It’s still a pretty big increase when you think about it, because Bitcoin started from nothing and now has over $2 trillion market cap. But if you compare that to the global M2 money supply of around $95 trillion, the percentage is still small. That shows there’s no massive adoption yet , most of the money in crypto is really just from big investments.

And if you look at the daily transactions, this year compared to last year, there’s actually been a huge decline. That signals adoption for daily use isn’t consistent  as the value of Bitcoin may have gone up, but the majority of the volume is still coming from investments or institutional players, not regular everyday use.

Bitcoin is everything though. If people were using the USD more as an asset, would that make it stop being a currency? Not really. But yeah it should be also compared with the assets as well, not just the money supply.

The future will make everything right, imo.

We will see how everybody will view BTC in the time to come, but as for now, I agree with the fact that BTC is seen by most as something to speculate on, rather than a good alternative.

We still have more to go with, because bitcoin is gaining more popularity than ever before, if we continue with the way we are currently, then with time, we are going to landed at something more magnanimous than we ever hard, because this is what other countries are also going to consider in making as a legal tender with time, since they are already taking the first and necessary steps for strategic reserve with bitcoin, we should expect more widespread of bitcoin over the world more than we already have and before you know it, it will be common in  making payments as we have it in fiat.

Bitcoin has all the chances to become an alternative to fiat, a true alternative, I mean - not to destroy it, but to accompany it for those that understand BTC's strengths and values.

How the majority sees Bitcoin does not change what Bitcoin is though. I use it as a currency and as an asset. It is up to the individual how to use it.

It already is for certain groups of people.

I'm not sure how true your declaration is statistically but I believe it to be quite right. A cryptocurrency having over 2 trillion dollars as a market cap is a feat that no other crypto currency has achieved, and one I don't think any cryptocurrency will achieve in the next decade aside from bitcoin.

Satoshi had that in mind and you can tell from the bitcoin white paper that he did. The thing is because bitcoin is growing so much in price, it's being diversified more as a form of investment than a means of exchange.

Gold that has existed for a long time has a market cap of about $22.709 trillion. So Bitcoin has not performed poorly considering that it has been around for less than two decades. The next fifteen years will be about three halvings, $20 trillion in market cap is not a bad prediction considering the attention Bitcoin is getting. Silver with a market cap of $2.146 trillion, is already behind Bitcoin, getting close to gold is possible. 

You call reaching $2 trillion after less than 2 decades with a radically different asset class that is not even close to anything else in the history of human existence, not performing poorly? Mate, your writing is completely backwards. Bitcoin is the best performing asset and has done extraordinarily well, impossibly well.

Some may have a different view on that, and that's okay ;)

I, for example, would just like to see BTC as a real alternative to fiat utilized on every occasion possible, not being in the light of being an asset for all of its time on the market, but that's just me.

And BTC is being adopted, it's all that matters in the end.

I was also surprised, first the government and their famous companies were against Bitcoin, but now they are in a bitcoin, what really happened to Bitcoin...!

Life is indeed difficult to guess, which is considered negatively leading to the positive and positively considered to be negative, so that is the way of perspective in everyday life, as well as the view of the people for Bitcoin.

I think this is still an interesting fact, although we would have to compare the circulation velocity too.

The velocity of money in the US is currently 1.4 (https://fred.stlouisfed.org/series/M2V) (quarterly GDP / M2 stock).

According to this chart (https://bitinfocharts.com/comparison/sentinusd-btc.html#3y). the value sent in BTC per day is worth about 25 billion USD. As a quarter is 91,25 days, this means the "quarterly GDP" in the case of Bitcoin is around 2.3 trillion USD. It's interesting that this doesn't seem that far away from the USD velocity value: today's market cap of BTC is 2,2 trillion, so it's around 1.

I guess however that the Bitinfocharts value includes coins sent back to the user's wallet as change, so the value maybe may be closer to 0.5, but nevertheless I had expected much less.

Free Market Capitalist is of course correct that currently the usage patterns are different from fiat. But if the trend of decreasing volatility continues, we could reach a tipping point where it will be again used more as a currency. And then the comparison would make more sense again.

This could happen very naturally: if more and more people held a portion of their wealth in BTC, then at least if they're facing bigger purchases, it's not a bad idea to spend directly and not selling at an exchange, evading the exchange fees. This depends of course also on fees to transact on 2nd layers to make the purchase (if on-chain is too expensive) and the evolution of exchange fees (while I think trading fees will remain stable, deposit/withdrawal fees could be higher in the future due to the consolidation work necessary for the exchanges).

While that is not completely incorrect, the transaction number alone is misleading due to the impact of Ordinals in 2023/24 which artificially boosted the transaction volume. See here how the variable "Bitcoin sent in USD" evolved:

https://talkimg.com/images/2025/08/19/UZAvXw.png
Source (https://bitinfocharts.com/comparison/sentinusd-btc.html#3y)

To be honest global monetary policy is changing and we are seeing Bitcoin being given importance in the current financial structure. Recently many countries have been adopting Bitcoin as a strategic reserve, in particular today we also saw that a Latin American country, Brazil will hold a hearing on Bitcoin's strategic reserve in a few days. The growing interest in Bitcoin among these countries and institutions is mainly due to the increase in Bitcoin's popularity. Perhaps this is an indication of how much Bitcoin holdings are increasing.

However companies are currently leading the way in Bitcoin holdings compared to countries and the expected number of retail holders is higher. So it can be said that Bitcoin has reached 1.7% of the global money supply at present, therefore if its adoption rate accelerates as it does now, perhaps the amount of Bitcoin in the global money supply will increase in the future.

https://www.talkimg.com/images/2025/08/19/UZAfcN.jpeg (https://x.com/CarlBMenger/status/1957695981903884733?t=lQMWnz1jUb7As0XCjc0Tdg&s=19)

Governments globally can print more new money and add it to global money supply in a faster rate than a rate of price growth as well as market cap growth of Bitcoin.

It's my belief and even I love Bitcoin so much, hope all the best for it in the future, I don't believe that Bitcoin can beat inflationary rates of fiat currencies and how global money supply will increase in the future.

It is very unrealistic wish that Bitcoin can do such outperformance against governments, fiat currencies and global money supply as we know that governments and central banks can print as much new money as they want. No restrictions on how much new money they can print (not allowed to print, as it's their freedom to print more money).

You're forgetting a few thing
- User deposits coins to the casino, the casino gets the coins, and moves coins from the user deposit address to cold storage
- Binance moves coin from cold storage to hot address, from hot address to the actual client's pockets
- Binance realizes it has 100000 inputs, consolidates those
- Mixing....
All of these are at least doubling the actual Bitcoin moved in all these cases, without anything of value being transferred between two parties

Yes, you're of course correct, probably most of the movements would not really constitute a part of a "GDP". But even if 80% of the "sent coins" (excluding the change) would be covered by consolidations by service providers, mixing/coinjoins and other use cases, I would have still expected a lower value.

I'd love to see some stats about this but I haven't found any charts about consolidation transactions as I expect them to be the biggest group of "non-GDP transactions" due to their generally huge value and their efficient space usage. At mempool.space it seems that consolidations make up around a third of the transaction size. Judging by the incentives to move coins for a certain fee, I expect the impact in the "sent USD" to be a little bit higher. I'd estimate it at 50%.

Edit: Found that chart: https://cryptoquant.com/asset/btc/chart/exchange-flows/exchange-in-house-flow-total (sign in required, but free). It is only exchanges, so the consolidations of casinos and other service providers are not included. The numbers are however very high: about 150,000 BTC per day (between about 60,000 and 300,000). 150,000 per day would be 13,5 million coins per quarter, or about 1,5 billion USD, so that would make up a bit more than half of the total sent coins (around 60-65%). That indeed seems to be the main explanation for the high amount of sent coins per day.

When profit is at hand, it doesn't matter what it is - corpos would grab it by the tail to try it out themselves, BTC or not.

My bad, I didn’t consider that.. thanks for pointing it out. So with that in mind, there’s actually clear growth in terms of average transactions per day. Back in 2022, it was around 200K daily, but then during 2023 up to 2024 we had the whole Ordinals spam clogging the network. If you compare 2022 to 2025, the difference is huge, you can definitely see some major growth happening.

And it's going to be even bigger with many services accepting BTC (and more to come!).

The more time passes, the more BTC is acknowledged.

Bitcoin needs to increase its capitalization 10x to compete with gold, but gold only needs to double its current capitalization for the gap between them to become huge.

If bitcoin can increase 10x in the next 15 years, it is not unreasonable for gold to double or even triple. Therefore, there is no doubt that bitcoin can become the second largest asset in the world. But competing with gold won't be as simple as we imagine because gold won't stand still and wait for bitcoin to overtake it.

It's big, even gold is the biggest asset in the world is only constitutes 17% of the whole money.

Accepting global reserve isn't as good as like what people think, people think the government gonna start to buy Bitcoin, but US for the example, they're not buying Bitcoin, instead they will use seized coins as their reserve.

Which mean they only change the "name". People thought the government will join a part to make Bitcoin price rise, but it's actually only the retails bump the price.

Still the growth is less than expected if you take into account Bitcoin's price increase since 2023, which results already in some "natural growth" in the volume being transferred, and thus I wrote that you were not completely wrong. From my interpretation, it is the case that most of the growth comes from investment (ETFs etc.), but a small portion may come from the growth as a currency too.

I expect that if Bitcoin's market cap continues to approach "the value of all gold" in the world, the idea that both are competitors could become more popular. And thus a Bitcoin price increase, if it's related to massive investments like treasuries (both corporate and public), could lead to gold actually lose some of its market cap and also share.

I think also gold is in a bubble right now due to the unstable international situation, so I would not be surprised for it to fall below $3000 again. Bitcoin may be too, but in the case of gold the long term trend is much less clearly positive (there were actually decade-long bear markets) than in the case of Bitcoin.

This is exactly what we don’t want to see but already expected, since it’s the time when institutional investors position themselves. Maybe in the near future when they slow down on accumulating and the market becomes less volatile, that’s when the transaction volume will really start to increase.

I also believe they’re not just accumulating, they probably have a plan to push adoption because that will only strengthen their investment.
So for now we just wait for that time to come.

1.7% is still a low percentage but as of botcoin it is good move because bitcoin still new in the economy and it is growing faster than many countries economies. Bitcoin is ranked as the to 5 asset in the world, so more three years to come bitcoin will over take assets and it will be 3-5% in the world.

Trump's bitcoin reserve is not a national reserve, it is just an executive order and has little real meaning or impact. The official national strategic reserve needs to be approved by Congress and only then can they use the budget to buy bitcoin and increase their strategic reserve. Like the Fed buying gold or other central banks buying gold. Only then will we feel how large the positive impact of the global bitcoin reserve is.

Currently, only El Salvador and Bhutan are the only two countries that have added bitcoin to their national reserves, the United States has yet to officially add bitcoin to its national reserves.

In some countries, it has already become an alternative currency. The world is very negative about not only new technologies, but also about finances. Very conservative people live on the planet, and they are the majority. In addition, they are wary of what they do not understand. This applies to Bitcoin. Quite a large number of people still perceive it as a financial pyramid. They do not even partially want to understand and read information about it. That is why we are seeing such a picture.

Will something change in the future? It is difficult to say now. There has been no significant change in almost 2 decades. Although the technology is very popular for its decentralization. Perhaps, when the world again faces a large-scale financial crisis, we will see different approval figures.

You seem to forget that bitcoin acts as an inflation sink as well. Actually that’s one its existential purpose. Satoshi was talking about how banksters ruined the financial system irreversibly in 2008 during the dotcom bubble and that’s why bitcoin came to existence. To become an alternative to the current fuckery of a clown world.

What if they print more?

Bitcoin will absorb the excessive liquidity as it has been doing in the last 15 years. Nothing is going to change there.

Bitcoin wasn't designed primarily as a digital store of value but it was designed to solve the existing e-commerce problems and to get rid of 3rd parties during the payment without ruining the trust.
It's a very good thing that Bitcoin now constitutes about 1.7% of money in the world, it's a huge achievement. The currency, that was created a few years ago achieved extremely amazing success. An extraordinary thing happened in 21st century and many of us missed to be the part of it from the beginning, so we didn't profit much but better late than never.

Bitcoin was designed to be a peer-to-peer electronic cash system, not a store of value. You can read it in the whitepaper and that's why I have always been against holding Bitcoin because holding kills it, we need to regularly use Bitcoin for what it was created, a p2p transactions. The more transactions we make, more alive the currency will be, the more adoption and support we will see but today things are changing. Governments and big corporations like BlackRock are pushing it to become a store of value and not a p2p electronic cash system because they buy lots of Bitcoins to hold them. Today, I do not advocate against holding, instead, I support holding because we shouldn't let the government buy Bitcoin cheaply from us to later sell that expensively to us.

It's very good that Bitcoin constitutes about 1.7% of money in the world. This number will only grow in the near future.

It's never late to use BTC and learn about it.

And, surely, we won't have such big profits if we tried ourselves in BTC in the earlier days: but we shouldn't mourn, we should act with what can do now 8)

You are right riginal idea behind Bitcoin was for it to be used as digital cash system for daily transactions as stated in its white paper. And due to its price swings and slower transaction speeds it has become more popular as store of value or as digital gold much like long-term investment. This shift is also pushed by large financial companies and governments. Your new viewpoint that it is better to hold Bitcoin to prevent these big players from buying it cheaply and selling it back at high price reflects this change showing that  debate over Bitcoin true purpose is still ongoing as its global presence continues to grow.

Bitcoin gives us the opportunity today to make a good investment for ourselves, and it doesn’t matter whether we started just now or earlier. I’m very glad that I learned about this investment opportunity because I’m confident in the bright future of bitcoin.He  has a lot of potential for development and growth.

Bitcoin is the future alternative to the traditional world.

Not only that, but it's the best alternative out there to be at the helm of your custody 8)

It is not governments, corporations or financial institutions that have promoted bitcoin as a store of value, but us( bitcoin investors). Because bitcoin was used as a speculative asset by early investors from the very beginning. Governments and financial institutions play only a small role in this process as they have officially recognized and legalized bitcoin as a commodity and joined the race to accumulate bitcoin.

By the way, as I understand it, currency can also be considered a store of value but this depends on the type of currency. A store of value is an asset that is scarce, durable, and does not depreciate over time. So, if bitcoin does not become a commodity, an investment, and is used for its original purpose, it can also be used as a store of value.