Bitpay made 100 Million in merchant transactions this year. I would assume the total business transaction to be about 10 times that at 1 Billion.
However, if you look at the chart in blockchain.info, you will find that the volume of transactions is 100 times that. I assume there are aare lot of transactions like online gambling etc..., which have a very high velocity of money and do not contribute in meaningful way to model the value of the currency.
Topic: Bitcoin transaction volume (Read 632 times)
it's impossable to tell
I have seen the blockchain graphs. They are for all transactions, not just for those made for commerce.
Question:
What would be the volume of transactions done in bitcoin? preferably, in USD $ equivalent. Is there a way to measure or guess this number?
There are some figures quoted but these include the transactions for speculating/investing purposes. I am looking for specifically for those transactions made in bitcoin for purchasing goods or services.
As you can surmise, this figure may be a good base to measure bitcoin’s adoption rate.
What would be the volume of transactions done in bitcoin? preferably, in USD $ equivalent. Is there a way to measure or guess this number?
There are some figures quoted but these include the transactions for speculating/investing purposes. I am looking for specifically for those transactions made in bitcoin for purchasing goods or services.
As you can surmise, this figure may be a good base to measure bitcoin’s adoption rate.
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