Bitcoin (BTC) has been caught in the throes of a persisting bear market over the past several weeks and months, and it has failed to garner much significant upwards momentum throughout the course of its recent downtrend.<\/p>\n
It is important to note that a few fundamental factors are painting a very bullish picture for Bitcoin in spite of its recent bearishness, which may mean that its price will ultimately catch up to these fundamentals.<\/p>\n
It\u2019s no secret that Bitcoin<\/a> has been met with meteoric success in the time following its inception<\/a>, but looking beyond simply quantifying this success in terms of its price movements, it becomes increasingly clear as to just how impactful Bitcoin has truly been to society and the financial markets as a whole when looking towards how much wealth it has transferred.<\/p>\n PlanB, a popular cryptocurrency analyst on Twitter, recently shared data that elucidates that a whopping $11 trillion in wealth has been transferred using Bitcoin during the past decade, further noting that it is \u201cstill going strong at $10 billion each day.\u201d<\/p>\n \u201c#bitcoin transferred $11 trillion in wealth (2009-2019). Still going strong at $10 billion each day,\u201d he explained while referencing data seen in the table below.<\/p><\/blockquote>\n #bitcoin<\/a> transferred $11 trillion in wealth (2009-2019)<\/p>\n Still going strong at $10 billion each day pic.twitter.com\/jAphbfYUzh<\/a><\/p>\n — PlanB (@100trillionUSD) October 24, 2019<\/a><\/p><\/blockquote>\n\n