The story of how Bitcoin surpassed payments giant Visa

It was revealed that Bitcoin's annual transaction volume exceeded that of Visa, one of the world's largest payment networks.

, took to social platform X to highlight the remarkable growth trajectory of the network.

It was revealed that Bitcoin’s annual transaction volume surpassed that of Visa, one of the world’s largest payment networks.A closer look at the graph showed two key phases which caused an eruption in Bitcoin’s network traffic. The first was the bull market of 2017, and secondly the historic phase of 2021 during which the king coin exploded to its all-time highs .of BRC-20 tokens and Ordinals. As evident, early May saw an unprecedented rise in network traffic.

In fact, the past week was a record-breaker, with transactions exceeding 700,000 for the first time ever on 15 September.Bitcoin has navigated the ebbs and flows of the crypto market with remarkable resilience. It was predicted that the crypto winter of 2022 would be its biggest challenge in terms of user retention and network growth.

However, demand for first-generation blockchain has remained unaffected. According to a recent update by Glassnode, the number of BTC wallets holding a minimum of 0.01 coins hit a fresh ATH.

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