“Rat Poison Squared” Bitcoin Overtakes Warren Buffett’s Berkshire Hathaway by Market Cap

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Bitcoin (BTC) saw the highest transaction volume since early 2018 as data suggests that more and more investors are entering the market.

Figures from the on-chain analysis resource Digital Assets Data show that December 2020 already triggered the second largest transaction volume for Bitcoin.

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BTC transaction volume eyes record

With a total of $ 252.37 billion for the remaining 24 hours in December, the balance sheet should improve even further as it rivals December 2017.

1-month chart for Bitcoin transaction volumes. Source: Digital Assets Data

Other indicators, such as the size of unprocessed transactions in Bitcoin’s mempool and the fees for network transactions, also suggest an overall increase in activity.

As Cointelegraph also reported, wallets with large and small balances continue to rise to unprecedented levels.

Since February 2018, Google Trends has aroused the world’s highest search interest in the term “Bitcoin”.

Google search interest in “Bitcoin”. Source: Google Trends

The reason being caught on by both mainstream sources and seasoned crypto traders is because of the price bull run that has continued unabated this week. At press time, Bitcoin challenged $ 29,300 as the persistent refusal to consolidate was more persistent.

At $ 539 billion, the largest cryptocurrency surpassed the market capitalization of financial giant Berkshire Hathaway yesterday, whose CEO Warren Buffett compared Bitcoin to “rat poison squared”.