1% of Bitcoin's total supply, or $6 billion worth has been locked away

1% of Bitcoin's total supply, worth approximately $6.2 billion, has been successfully tokenized on the Wrapped Bitcoin (WBTC) protocol.

The news comes from Kia Mosayeri, who is the product manager of crypto custody firm BitGo. According to Mosayeri, 1% of Bitcoin's total supply has successfully been brought over to the Ethereum blockchain via WBTC. CoinGecko states that there is currently 18.73 million Bitcoin currently in circulation, and 1% of those, or 182,610 BTC are now on the WBTC protocol.

Additionally, BTConEthereum has estimated that around 240,620 Bitcoins have been converted to tokens via various protocols, which equates to a total market capitalization of $7.91 billion. However, 78% of tokenized Bitcoin on Ethereum is WBTC. If you are interested in reading any more about this story, or stories similar to this one, check out this link here.

In other Bitcoin news, former President of the United States, Donald Trump has slammed Bitcoin, saying that "it just seems like a scam", more on that story here.