Bitcoin credit has expanded rapidly from a minimal market two years ago to a sector valued at $16 billion, according to Dan Hillery of UTXO. In an interview reported by Bitcoin Magazine, Hillery discussed the development of digital credit and its potential scale relative to Bitcoin. The report said the market could eventually rival Bitcoin’s $1.5 trillion market capitalization, highlighting the possible growth of credit products built around digital assets. Hillery’s comments offer a view of how the credit layer connected to Bitcoin and other crypto markets may develop as the sector matures. The figures describe the current size of the digital-credit market and Bitcoin’s stated market capitalization, while the prospect of the two reaching comparable levels remains a long-term possibility rather than a current market condition.
Dan Hillery Says Digital Credit Market Could Eventually Rival Bitcoin
UTXO’s Dan Hillery says digital credit has grown to a $16 billion market from a minimal base two years ago and could eventually approach Bitcoin’s stated $1.5 trillion market capitalization.
Related news
Based on this story’s market and assets
FBI Attributes $6 Billion Binance Theft to North Korea and Urges Crypto Platforms to Block Funds
The FBI has blamed North Korea’s TraderTraitor operation for stealing more than $6 billion from Binance and urged crypto infrastructure providers to block hundreds of identified wallets. Chainalysis says the attackers are using DeFi lending and cross-chain tools to evade stablecoin freezes.
Bitcoin Miners’ Power Assets Attract AI, but Financing Terms Decide the Payoff
Bitcoin miners are converting power assets into potential AI data centers, but headline contract values obscure heavy retrofit costs, construction credits, debt and delivery risks. Core Scientific’s CoreWeave agreements show how customers and lenders can claim substantial value before shareholders see returns.
Binance Reopens Crypto Withdrawals in Phases After $6.3 Billion Hack
Binance has started reopening customer cryptocurrency withdrawals in phases after a record $6.3 billion exploit. Bitcoin is leading the first stage, according to CoinDesk, while details on the timing of withdrawals for other assets were not provided.
Binance Reopens Bitcoin Withdrawals in First Phase After $6.3B Hack
Binance has reopened Bitcoin withdrawals as the first stage of a phased recovery after a hack involving about $6.3 billion in funds. The exchange said services will return gradually after security checks, while the FBI has blamed North Korean operatives for the attack.
FBI Attributes $6.3 Billion Binance Crypto Theft to North Korea
The FBI says North Korea was behind the theft of about $6.3 billion in digital assets from Binance. It is urging crypto infrastructure firms, exchanges and DeFi services to block transactions tied to addresses allegedly used to launder the stolen funds.
Binance Withdrawals Resume Today: Bitcoin, Ethereum, Solana In First Phase
The post Binance Withdrawals Resume Today: Bitcoin, Ethereum, Solana In First Phase appeared first on Coinpedia Fintech News Binance will begin restoring withdrawals on Sunday, November 1, after last week’s record hack,...