There are 4.6 bitcoin transactions per second, how many dollar transaction do you think there are per second and what kind of volume of dollars are traded. Also there are different kinds of dollar in circulation, for example M2 is much higher (by a factor of 10)
https://fred.stlouisfed.org/series/M2SL.
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There are 4.6 bitcoin transactions per second, how many dollar transaction do you think there are per second and what kind of volume of dollars are traded. Also there are different kinds of dollar in circulation, for example M2 is much higher (by a factor of 10) https://fred.stlouisfed.org/series/M2SL.
Bitcoin only represents about half of that "market cap" number though.
Bitcoin Cash and TRON, for instance, process more transactions than Bitcoin pretty regularly now. TRON even processes more transactions than Ethereum.
"Market cap" is never a measure of transaction volume.