$1Trillion Hit by Bitcoin Store of Value: Epic Milestone by CryptoQuant CEO
Bitcoin (BTC) might be a store of value (SoV) for over $1.03 trillion in equivalent across all exchanges and wallets. This massive sum is calculated by combined CEXes and OTC transfer indicators, CryptoQuant platform CEO Ki Young Ju says. $1,030,000,000,000: Bitcoin “Store of Value” metric adds 85% in 2024 Bitcoin (BTC), the largest cryptocurrency, has evolved into an unbelievably large store of value. Across various classes of services, it may see over $1.03 trillion parked, Ki Young Ju, CEO of analytical platform CryptoQuant shared in a tweet with his 390,000 followers. #Bitcoin serves as a Store of Value (SoV). So, how much capital is stored on the network? Combining off-chain and on-chain data, the estimate is $1.03T, up 85% this year. — Ki Young Ju (@ki_young_ju) December 30, 2024 The metric itself is extremely hard to calculate thanks to Bitcoins (BTC) volatility and low transparency of centralized exchanges and over-the-counter (OTC) trading platforms. Ki Young Ju explained the methodology that attempts to calculate how much money is really stored in BTC. Bitcoins SoV metric includes exchange reserves multiplied by volume weighted average price (VWAP), an estimate of the capital entering the market via exchanges. It counts the average price market participants paid for Bitcoin during a given period. Also,



