The post Bitcoin’s stored value hits $1.03 trillion, up 85% since January appeared on BitcoinEthereumNews.com.
Bitcoin’s actual stored value has been estimated at $1.03 trillion, far below its $2 trillion market cap, according to CryptoQuant CEO Ki Young Ju. Ju stated that this figure represents an 85% increase from the beginning of 2024, showcasing growing investor confidence in the crypto as a Store of Value. Graph showing Bitcoin’s Store Of Value Index from 2014 to 2024 (Source: CryptoQuant) Unlike the market cap, which is the total value of all Bitcoin in circulation at current prices, the stored value reflects the actual capital invested into the network. Ju arrived at this $1.03 trillion estimate by combining on-chain and off-chain data. He explained that the off-chain calculations consider exchange reserves multiplied by average prices, while on-chain metrics rely on the “realized cap,” which tracks the value of Bitcoin based on its most recent price movement. This approach offers a more accurate view of capital inflows, accounting for over-the-counter trades and exchange activity. Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies. Source: https://cryptoslate.com/insights/bitcoins-stored-value-hits-1-trillion-up-85-percent-since-january/