the Bitcoin is the leading cryptocurrency, with millions of users and people holding it. But how many people actually own or use bitcoin? That’s what we’re going to look at in this guide. Read on to learn about the latest bitcoin usage statistics.
Bitcoin adoption has grown exponentially since its launch
Bitcoin was created as a peer-to-peer digital payment network, creating a cheaper and faster way to make cross-border payments. Thanks to its unique characteristics, including limited supply and a disinflationary monetary policy, Bitcoin has also established itself as a store of value, an inflation hedge, and a popular investment asset.
In just over a decade, Bitcoin’s market capitalization has temporarily reached $1 trillion, representing almost 1% of the total market capitalization of all publicly traded companies. It’s no wonder that publicly traded companies and financial institutions have started adding bitcoins to their balance sheets.
Bitcoin has primarily been used as an investment opportunity that can help diversify an investment portfolio, as it has traditionally had limited correlation with assets like stocks and bonds. It has also emerged as an excellent hedge against central bank monetary policies and global economic uncertainty.
Thanks to this, BTC has seen massive growth since its inception, maintaining its dominant position as the most traded cryptocurrency in the world since day one.
How many people own Bitcoin in the United States?
There is no definitive way to determine the number of bitcoin users due to the pseudonymous nature of the bitcoin network.
Therefore, we can only estimate the number of holders and users based on several data points, including the number of wallets created, the number of active wallets, the number of users in the main Bitcoin companies and consider research data from third-party companies that have used similar methodologies to arrive at an estimate.
So let’s see what the numbers say about bitcoin users in the United States.
Business Insider Intelligencea research firm, estimates that there will be over 25 million people owning Bitcoin by the end of 2022, a 16.7% growth from last year.
Conversely, a survey conducted in 2021 by the New York Digital Investment Group revealed that approximately 22% of the US adult population, or 46 million Americans, own Bitcoin. Responses were received from 1,050 participants with incomes over $50,000 and the margin of error is 3.1%, which is considered statistically significant.
Although another study by US-based crypto exchange Gemini in 2021 had a larger sample of 3,000 people, it estimated that only 21.2 million people owned cryptocurrencies. In the same document, it is said that one in five people in the United States owns cryptocurrencies. 20% of the current US population of 332,403,650 million, that’s 66,480,730 people who own cryptocurrency.
The study does not specify which cryptocurrencies are mentioned, but it is reasonable to think that at least 50% of them hold Bitcoin, i.e. more than 33 million. The research sample size for the Gemini Crypto 2022 report is 2,300 adults.
From the data we have gathered, we can say that there are probably between 10 and 20 million people who own Bitcoin.
How many people in the world use Bitcoin?
Bitcoin on-chain data shows that there are now over a billion wallet addresses. However, people may have more than one wallet address or keep their bitcoins on centralized exchanges, making it difficult to estimate the actual number of people who use bitcoins around the world.
It is interesting to note that Coinbase has over 100 million verified users worldwide, many of whom hold bitcoins.
The crypto analysis company Intotheblock reported in May 2022 that the number of addresses holding bitcoins had exceeded 40 million.
How many people use Bitcoin every day?
The Bitcoin network currently processes around 250,000 transactions per day and has around 1,000,000 daily active addresses.
Bitcoin had reached over 330,000 daily transactions in December 2020, and 400,000 in early January 2021.
How many people will use Bitcoin?
The study on the market size of Crypto.com indicates that the number of people who own cryptocurrencies worldwide will reach one billion by the end of 2022, with Bitcoin likely to be the leader of this pack.
Although this prediction was made during a bull market period and it may not come true in 2022, it is expected that the cryptocurrency market will continue to grow in the future.
It is difficult to envision a future without Bitcoin. While digital currency has already managed to establish itself as an investment asset for all types of investors, the growing application of Bitcoin as a payment layer (mainly based on the Lightning Network) could help digital currency to become a globally used and accepted currency, which could see the number of Bitcoin holders and users exceed one billion in the coming decade.
Follow our affiliate links:
- To buy cryptocurrencies in the SEPA Zone, Europe and French citizensvisit Coinhouse
- To buy cryptocurrency in Canadavisit Bitbuy
- To generate interest with your bitcoinsgo to the BlockFi website
- To secure or store your cryptocurrenciesget Ledger or Trezor wallets
- To trade your cryptos anonymouslyinstall the NordVPN app
To invest in cryptocurrency mining or masternodes:
To accumulate coins while playing:
- In poker on the CoinPoker gaming platform
- To a global fantasy football on the Sorare platform
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