Golden Finance reports that, according to data from Pierre Rochard, Vice President of Research at Riot Platforms, Bitcoin trading volume peaked at around $47 trillion during the bull market of 2021 and sharply declined in 2022 and 2023. Rochard wrote, 'The Bitcoin network completed BTC transactions worth over $19 trillion in 2024, decisively proving that Bitcoin is both a store of value and a medium of exchange.'