TheGuySwann on Nostr: By my calculations it’s not even near 1% Fedwire settles ~1,200 trillion every ...
By my calculations it’s not even near 1%
Fedwire settles ~1,200 trillion every year, but Bitcoin only settled about ~3 trillion last year excluding same wallet and known exchange internal movements (according to a basic Glassnode metric I was looking at)
Making Bitcoin settlement only about 0.25% of Fedwire
But otherwise yes
nevent1qqsz394wpaq9jmu6ksyw74rfkgkvrz3tdtamaew3ya0nfg5ecnevgycq459ke
Published at
2025-05-24 19:17:46Event JSON
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"pubkey": "b9e76546ba06456ed301d9e52bc49fa48e70a6bf2282be7a1ae72947612023dc",
"created_at": 1748114266,
"kind": 1,
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"content": "By my calculations it’s not even near 1%\n\nFedwire settles ~1,200 trillion every year, but Bitcoin only settled about ~3 trillion last year excluding same wallet and known exchange internal movements (according to a basic Glassnode metric I was looking at)\n\nMaking Bitcoin settlement only about 0.25% of Fedwire\n\nBut otherwise yes\nnevent1qqsz394wpaq9jmu6ksyw74rfkgkvrz3tdtamaew3ya0nfg5ecnevgycq459ke",
"sig": "208564f1b2cf63703bf86a7841b6bde714dd93ebc673dc99c5202bbe0c5413854e5ed0aa9babdd59286dc90828a6da97612fbe3b62055b46bbef490142b7471e"
}
