
Bitcoin’s (CRYPTO: BTC) annual settlement volume officially exceeded the payments volume of Visa Inc. (NYSE:V) last year, Cathie Wood-led Ark Investment Management said in a research report.
What Happened: Bitcoin’s cumulative annual transfer volume in 2021 surged 463% from the prior year to $13.1 trillion, just ahead of Visa's number, ARK analyst Yassine Elmandjra wrote in the report titled “Big Ideas 2022,” citing data from Glassnode, Visa and FRB services.