Bitcoin’s Stored Value Reaches $1.03 Trillion, According to CryptoQuant CEO
Bitcoin’s actual stored value has been estimated at $1.03 trillion, significantly lower than its market cap of $2 trillion, as reported by CryptoQuant CEO Ki Young Ju.
Increasing Investor Confidence
According to Ju, this figure represents an 85% increase from the beginning of 2024, demonstrating a growing investor confidence in Bitcoin as a Store of Value.
Understanding Stored Value vs. Market Cap
- The market cap represents the total value of all Bitcoin in circulation at current prices.
- The stored value reflects the actual capital invested into the network.
Ju calculated the $1.03 trillion estimate by combining on-chain and off-chain data to provide a more accurate view of capital inflows.
Calculating Stored Value
Off-chain calculations consider exchange reserves multiplied by average prices, while on-chain metrics rely on the “realized cap” to track the value of Bitcoin based on its recent price movements.
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