Odaily Planet Daily News According to data provided by Pierre Rochard, vice president of research at Riot Platforms, the transaction volume settled through the Bitcoin network will exceed 19 trillion US dollars in 2024, which is more than double the 8.7 trillion US dollars settled through the network in 2023. , reversing two consecutive years of decline in transaction volume since 2021. Data shows that Bitcoin trading volume peaked at approximately $47 trillion during the 2021 bull run before declining sharply in 2022 and 2023. Rochard noted that the significant uptick in transaction volume over the past year is evidence that Bitcoin is both a store of value and a medium of exchange.