More People Are Buying and Selling Bitcoin Than Ever

Bitcoin, and cryptocurrency in general, had a good year and an even better quarter, according to CoinDesk’s State of Blockchain Q3 2017.

The report, which was released yesterday, shows gains in every area from investment size and block sizes to transaction volumes.

The report shows that Ethereum hit a new record high for blockchain transactions over a 24-hour period in this quarter.

And of course, bitcoin crossed the $10K mark yesterday reaching well into $11K, setting bitcoin loyalists and skeptics in a Twitter frenzy (More on that here). There was a significant drop at end of day, but that is a different story altogether.

The report also shows that more people in this quarter bought and sold cryptocurrency than ever before. In Q3, about 81% of those surveyed said they either bought or sold cryptocurrency. That number compares to 66.7% in Q2 and 47.2% in Q1.

Stay tuned for Q4.

Read the full report here.

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