"Over $1 Trillion Stored On and Off Bitcoin Network...85% Increase This Year"

Source
JOON HYOUNG LEE

Summary

  • It was reported that over 1,500 trillion won is stored in Bitcoin's on and off-chain networks.
  • The amount stored in the Bitcoin network increased by 85% this year.
  • It was mentioned that Bitcoin functions as a Store of Value.

It has been revealed that over 1,500 trillion won is stored in the on and off-chain networks of Bitcoin (BTC).

Ki-Young Ju, CEO of CryptoQuant, stated on X, "Bitcoin functions as a Store of Value (SOV)," adding, "When combining on-chain and off-chain data, the total amount stored in the network is $1.03 trillion (approximately 1,512 trillion won)," on the 30th. Ju noted, "This is an 85% increase this year."

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JOON HYOUNG LEE

gilson@bloomingbit.ioCrypto Journalist based in Seoul
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