About the market size of Bitcoin (cryptocurrency)

Bitcoin market size to know is important for understanding the future cryptocurrency prospects.

Because Bitcoin transfers do not rely on intermediaries, low fees can be realized as I mentioned.

＊By blockchain system

Bitcoin transfers vary by exchange, but about 4 yen.

About 0.02% or so of the amount.

However, for bank transfers (international) the fee is said to be about 4% on average.（*Details depend on each bank）

In other words, for a transfer of 1,000,000 yen, the fee would be 40,000 yen…

For transfers of 100 million yen, 4,000,000 yen…

You wouldn’t want to pay that, right?

If you did this with Bitcoin, the cost would be only 4 yen.

The international remittance market is said to be 1,500 trillion yen annually. The 4% fee within this is the banks’ profit.

By the way, are banks doing 4% worth of work…

Here is an example.

【Example of raising funds with blockchain】

There is a platform called Ethereum.This is a platform that automates contracts called smart contracts.

The currency of Ethereum is called 'Ether'.

This system was sold in an unpublished state before the system was completed.

Developers managed to raise 2.5 billion yen from around the world.

And the fee was as much as 100,000 yen…

Because it was 100,000 yen out of 100 million yen,

the fee is 0.004%

Truly a 'magic'…

Furthermore, since it is online,the system can be used 24/7/365, so there is no limit like banking's weekday 3 PM cutoff.

All of what has been explained above can be experienced by holding a little Bitcoin, even a little, and gradually feeling it.

There is a saying: 'Practice makes perfect.'

If you are interested in cryptocurrency, even holding a small amount of Bitcoin will let you feel the reality of virtual currencies.

Bitcoin, unlike stocks, can be held with a fairly small amount of money.

Usually from around 100 yen.

Even if 1 BTC = 60,000 yen, you don’t start from 1 BTC; you can start from something like 0.001 BTC.

Opening an exchange account and learning how to convert cash into Bitcoin early is essential so you won’t miss future investment opportunities.