According to a report by the Bitcoin spot volume, the U.S. could surpass bonds
The Bitcoin spot volume is compared to U.S. stock and global stock markets is tiny. Coinmetrics data suggest, however, that the Bitcoin volume could surpass in the next four years, all the important assets.
The Bitcoin spot markets to bring it up to date on a daily volume of approx. US $ 4.1 billion. This amount is in the current compared to the 446 billion US dollars in US equities, spot markets, and the 893 billion US dollars in US Bond spot markets many times over.
Coin Metrics is that the Bitcoin could increase in spot volume in the market within four years, and maybe even both markets behind.
The daily spot volume of Bitcoin in comparison to other asset classes source: coin metrics
A glance at the Figures shows that the current daily spot volume of Bitcoins gives a market capitalization, “which is available in your size, rather, with a stock with a high capitalization than to a specific asset class, comparable to”.
Even if the Bitcoin is trying to attract large institutional investors, warns CoinMetrics, the low volume of spot exchanges could be reason for caution.
The research and analysis platform, comes to the conclusion that institutional investors – including endowments, foundations, pension funds, or state funds might consider the Bitcoin as an investment, the “only as a part of the already low investment of accumulations in alternative assets, because as a single investment is suitable.”
Bitcoin-spot volume was recorded Maximum in 2017
The BTC interest brought to the spot markets during the bull market in 2017 on a provisional peak. The daily trading volume had reached 8.0 billion US dollars.
The currency maintain this growth trajectory over the past ten years, could correspond to the Bitcoin daily volume until 2024 or 2025, the most important asset classes in the market.
According to the data, a growth rate to historical levels means that the pioneer would be crypto only need four years, the daily volume of U.S. shares behind. Within about five years, the daily volume of trading of the crypto-currency could reach the billion level of the U.S. bond market.
Most of the BTC volume of derivative markets generates
The trading volume of Bitcoin has focused on the derivative markets. Without the derivatives markets, the volume on the spot market at around 4.3 billion US dollars. The average USD-daily volume of permanent Futures markets, increasing the volume to more than 18 billion US dollars.
To explain this is that the BTC-derivatives market to be comparable to traditional markets has been higher than the spot market. Margin-distributors can access derivative contracts whose settlement takes place in Fiat currencies, Bitcoin and stable coins.
With an average of 2,596 billion dollars Binance accounted for the largest volume in the area of the daily permanent Bitcoin contracts. Followed by the other Top 5 representatives of Huobi, BitMEX, Bybit, as well as OKEx.
Pressure on the price of Bitcoin
On Tuesday, the Bitcoin price fell below USD 10,000, according to this level for the first time since 08.05. had reached. The result of the decline, a decline of about 5.7% was.
