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Author Topic: How many people are in btc and how many more can in btc and crypto innear future  (Read 235 times)
Mrbuck (OP)
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December 11, 2024, 09:33:33 AM
 #1

Individuals using cryptocurrencies: Approximately 420 million
Individuals not using cryptocurrencies: Approximately 7.58 billion
The gap between those involved in cryptocurrency and those not is approximately 7.58 billion, with potential new entrants possibly reaching up to about 758 million if interest grows significantly.
So in 3 years we could see 200%-300% price increase minimum of btc and cryptocurrency generally by that numbers taken into consideration.
That figure is only mostly indviduals not the instutions
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December 11, 2024, 10:07:46 PM
 #2

Individuals using cryptocurrencies: Approximately 420 million
Individuals not using cryptocurrencies: Approximately 7.58 billion
The gap between those involved in cryptocurrency and those not is approximately 7.58 billion, with potential new entrants possibly reaching up to about 758 million if interest grows significantly.

I was reading to see if you will drill down into number of those hold different types of cryptocurrency. I wanted to also see you be specific about Bitcoin. It is the cryptocurrency with the highest number of holders even without a statistics because of its popularity.

Quote
So in 3 years we could see 200%-300% price increase minimum of btc and cryptocurrency generally by that numbers taken into consideration.
That figure is only mostly indviduals not the instutions
I agree that due to foreseeable adoption in the future its price would increase. There is more knowledge based about it, many people are getting interested in it. They don't want to miss the Bitcoin train. Some others feel they have missed it already that's why they go for shit coins and get rugged.

Lastly, if your statistics is from a web source and not personal opinion please attach it to prevent any plagiarism accusations.

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December 11, 2024, 10:46:24 PM
 #3

OP, try to be more explanatory in getting more statistics to share your points
Bitcoin will have so many adapters before the end of 2025. Last year we predicted more adoption and surely it happened. All thanks to the US elections and the halving event. Although we are not expecting any event next year which might influence the price of Bitcoin positively.

That figure is only mostly indviduals not the instutions
Who owns the money in the institutions? It's still Indvidual's so i can agree with you here.

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December 11, 2024, 10:49:23 PM
 #4

Individuals using cryptocurrencies: Approximately 420 million
Individuals not using cryptocurrencies: Approximately 7.58 billion
The gap between those involved in cryptocurrency and those not is approximately 7.58 billion, with potential new entrants possibly reaching up to about 758 million if interest grows significantly.
To be honest, this analysis made me think of how people look at the cryptocurrencies nowadays. With those numbers of market capitalization from millions to billions. If they invest into it while it's still millions in marketcap, they have a target to reach when it hits billions in the market cap.

So in 3 years we could see 200%-300% price increase minimum of btc and cryptocurrency generally by that numbers taken into consideration.
That figure is only mostly indviduals not the instutions
We'll never know with that span if you're correct but I believe that we'll get through a bear market within the range that you've mentioned but not in 3rd but 2nd year from now.

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December 11, 2024, 10:59:46 PM
 #5

Individuals using cryptocurrencies: Approximately 420 million
Individuals not using cryptocurrencies: Approximately 7.58 billion
The gap between those involved in cryptocurrency and those not is approximately 7.58 billion, with potential new entrants possibly reaching up to about 758 million if interest grows significantly.
So in 3 years we could see 200%-300% price increase minimum of btc and cryptocurrency generally by that numbers taken into consideration.
That figure is only mostly indviduals not the instutions

Maybe you can also see this numbers as well,



https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

And for sure, if you own BTC you are part of that statistics already.

However, in the next 3 years? numbers might be different as if my calculation is right, we could be in the bear market. And usually during that cycle, numbers might be down as there could be investors who doesn't want to pour their money as it's obvious that there are no profits to make for them.

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December 12, 2024, 09:52:28 AM
 #6

OP no doubt we are going to have surge of people adopting and using btc in near future. Definitely, 2025 is going to be bullish for bitcoin especially with the swearing in of the cryptocurrency friendly government of Trump and his friend Elon musk etc.

Without doubt, majority of those numbers not using btc for now are in the class of elder, old and the aged while those using it are the youths. By implication, the youths have many more years to stay alive which naturally means that bitcoin will grow more while many shitcoins will die a natural death with the telegram disaffection after Hamster disappointment. Grin

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December 12, 2024, 11:18:11 AM
 #7

If the number of Bitcoiners has repeatedly increased over the year, that simple means that as the year passes by, that's how new adoption of Bitcoin will take place by most people in different part of the world and that's how price will also continue to increase with respect to demand. Everyone doesn't need to adopt Bitcoin before the price will keep increasing and as a matter of fact, even the total supply of Bitcoin is not enough to satisfy the world's population and therefore Bitcoin price will always keep growing because the demand is there already.

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December 13, 2024, 04:01:56 AM
 #8

still plenty room for growth for BTC in the long term, these massive adoption can only be triggered with legitimacy and legalization of BTC that is through strategic bitcoin reserve and diversification to crypto done by either government and institutional investors and then we'd see massive adoption on the individual side.

the problem is, we don't know if the numbers of government around the world that supports BTC will grow, as of now, there are many that still doesn't make any move, the potential adoption always coming from developed countries, but i'm sure in the future we will see more and more of there billions people uncovered by bitcoin to be covered and adopt bitcoin or crypto in general.

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December 13, 2024, 11:04:45 AM
 #9

Individuals using cryptocurrencies: Approximately 420 million
Individuals not using cryptocurrencies: Approximately 7.58 billion
These numbers are broadly rough estimations like for example, individuals using cryptocurrencies may not exclude people with multiple wallets or addys and more precisely how many individuals with at least some balances in bitcoin. From all these, I doubt that the total investors/holder of bitcoin would be less than 100 millions and total bitcoin users (who use bitcoin for trading or spending) would be less than 250 millions. Still, I agree that we will always have only rough estimates on bitcoin userbase due to no central authority is there to provide such data.

with potential new entrants possibly reaching up to about 758 million if interest grows significantly.
Honestly we cannot speculate about the rate of growth of bitcoin adaption. It will grow rapidly like in exponential to factorial. There are multiple theories available on future bitcoin growth. A simple googling will help you better.

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December 14, 2024, 09:54:19 AM
 #10

still plenty room for growth for BTC in the long term, these massive adoption can only be triggered with legitimacy and legalization of BTC that is through strategic bitcoin reserve and diversification to crypto done by either government and institutional investors and then we'd see massive adoption on the individual side.

And that's where government comes in, specially right now that we have a lot of nation or companies that is putting Bitcoin in their spreadsheet or thinking of it as a strategic national reserved. El Salvador has proven it, and so is Bhutan who have billions worth of Bitcoin as of now even though they have sold 400 plus BTC recently.

the problem is, we don't know if the numbers of government around the world that supports BTC will grow, as of now, there are many that still doesn't make any move, the potential adoption always coming from developed countries, but i'm sure in the future we will see more and more of there billions people uncovered by bitcoin to be covered and adopt bitcoin or crypto in general.

We will know that number for sure. Maybe not now, just like again, Bhutan was quietly mining it for years until it was exposed in the last year or so. So for now, there could be some government that can secretly buying, but time will tell as we will know who's who amongst nation are heavily investing on it.

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December 15, 2024, 05:34:07 AM
 #11

Individuals using cryptocurrencies: Approximately 420 million
Individuals not using cryptocurrencies: Approximately 7.58 billion
The gap between those involved in cryptocurrency and those not is approximately 7.58 billion, with potential new entrants possibly reaching up to about 758 million if interest grows significantly.
So in 3 years we could see 200%-300% price increase minimum of btc and cryptocurrency generally by that numbers taken into consideration.
That figure is only mostly indviduals not the instutions

Maybe you can also see this numbers as well,



https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

And for sure, if you own BTC you are part of that statistics already.

However, in the next 3 years? numbers might be different as if my calculation is right, we could be in the bear market. And usually during that cycle, numbers might be down as there could be investors who doesn't want to pour their money as it's obvious that there are no profits to make for them.

this without counting the fact that people likes to generate new address and don't just hold bitcoin in one address forever, which means the number is possibly inflated and the people who aren't exposed to crypto is actually far higher than the statistic.

just means that even with this so many potential adopter left out there bitcoin has been having a really good bullrun, just imagine if somehow in the future every country legitimizes the use of bitcoin for legal tender and everyone is jumping into cryptocurrency adoption, that'd be huge honestly.

as of now, we don't even scratch the true potential that bitcoin is having.

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December 15, 2024, 12:42:10 PM
 #12


That figure is only mostly indviduals not the instutions
even though the source of your data is unknown, and it might not be all too accurate, this only tells of how early we are as Bitcoinnier and how many more people are yet to be fully a part of the bitcoin ecosystem till the present. being involved in bitcoin can come in different form and somehow, we have to distinguish between "people that are involved in bitcoin and people that are involved in crypto". from general observation, those involved in bitcoin are less in number than those that are trying out some meme coin and some altcoins and because of the risk that is associated with those and how much loss some of them have experienced, it has resulted in some of this population leaving the crypto space without even investing in bitcoin.

with institutions specializing in just bitcoin, it will send a pointer that bitcoin is the real deal, and future users will be more focused on investing and getting started in bitcoin other than getting a mix of what investing in bitcoin or crypto entails and getting somehow confused on what to invest in. the future will see a greater influx of people in the space and those that have been anti bitcoin will eventually have a U turn and come to see the potential that comes with bitcoin.

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December 15, 2024, 01:55:25 PM
 #13

How many people are in btc and how many more can in btc and crypto innear future
Your speculation and statistics are statistics for 2023, if you want to see statistics for 2024 you can visit this article about: Global Crypto Ownership Reaches 562 Million People in 2024: New Report.

Statistics: percentage of crypto users in each country.


The growth of crypto users worldwide is below.
Quote
Cryptocurrency is on the rise. Around 562 million people worldwide, or the equivalent of 6.8% of the global population, now own digital currencies, up 34% !from 420 million in 2023.

So, if I speculate, the growth and development of crypto users and ownership will continue to increase, especially the Trump leadership factor and the enthusiasm of several other prominent investors.

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December 16, 2024, 09:02:06 AM
 #14

Individuals using cryptocurrencies: Approximately 420 million
Individuals not using cryptocurrencies: Approximately 7.58 billion
The gap between those involved in cryptocurrency and those not is approximately 7.58 billion, with potential new entrants possibly reaching up to about 758 million if interest grows significantly.
So in 3 years we could see 200%-300% price increase minimum of btc and cryptocurrency generally by that numbers taken into consideration.
That figure is only mostly indviduals not the instutions
Your explanation was not satisfying enough to uphold your claims.
If I may ask, what is the world population before we can get to the algorithm?
Likely, what is the data base used to collect these informations OP because you did not to in details.

Infact. I have made my research towards finding a specific directive to prove the exact number of Bitcoin users but to no avail because as enthusiasts are adopting the system, so also those who are shot term users (investors) are ejecting out of the market including those who has been a scam victim in the crypto industry fallen back to decline from the interests of even adopting a feasible and reputable coins.











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December 16, 2024, 09:50:07 AM
 #15

snipped

I am replying back to your title.
Cryptocurrency does not really need all the people to use it. If 1% of the population of each country decides to use cryptocurrency, that is enough. The blockchain data is estimated. If I have ten Bitcoin addresses and all of them are active, the blockchain data will count ten people but the reality is, it's only me and one person. So, these data are not accurate. The number of real crypto users is less than what they published.

Considering the world is getting more developed each day, more and more people will know about cryptocurrency and they will start to use it. There were almost zero cryptocurrency users just a decade ago. Look where we are now. I believe the number will increase significantly after another decade.

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December 16, 2024, 09:52:28 AM
 #16

snipped

I am replying back to your title.
Cryptocurrency does not really need all the people to use it. If 1% of the population of each country decides to use cryptocurrency, that is enough. The blockchain data is estimated. If I have ten Bitcoin addresses and all of them are active, the blockchain data will count ten people but the reality is, it's only me and one person. So, these data are not accurate. The number of real crypto users is less than what they published.

Considering the world is getting more developed each day, more and more people will know about cryptocurrency and they will start to use it. There were almost zero cryptocurrency users just a decade ago. Look where we are now. I believe the number will increase significantly after another decade.

Decades pass => BTC and others breach more targets of theirs => People catch fomo over crypto space in general => booming crypto space with different people going through and learning more.

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December 16, 2024, 04:15:35 PM
 #17

Individuals using cryptocurrencies: Approximately 420 million
Individuals not using cryptocurrencies: Approximately 7.58 billion
The gap between those involved in cryptocurrency and those not is approximately 7.58 billion, with potential new entrants possibly reaching up to about 758 million if interest grows significantly.
So in 3 years we could see 200%-300% price increase minimum of btc and cryptocurrency generally by that numbers taken into consideration.
That figure is only mostly indviduals not the instutions

Your statistics may not be explicitly represented and no link attach to it to know the source of it. But your information on the number of people that are into cryptocurrencies is well explained and I think many will believe it to be so because it’s very obvious and we can see it everyday. The number of people that are into cryptocurrency will undoubtedly increase with time because of the increase in the mass adoption of cryptocurrencies every year. This was not were we are few years back and the increase has significantly shown in the number of holders we now have in the crypto space. I vote for more adoption in the coming years and we may see a faster rise in the number of people than we have seen in the number of people in the past.

 
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December 16, 2024, 11:36:22 PM
 #18

Decades pass => BTC and others breach more targets of theirs => People catch fomo over crypto space in general => booming crypto space with different people going through and learning more.
FOMO can't be removed from this space. It's true that every cycle, if it's not the individuals that are FOMOing then we've got some newbies in the market and they are the financial institutions that we are seeing buying Bitcoin for their own stashes. And apart from that, the BTC spot ETF inflows speak for themselves and they're interested more than that. So, through the years, we see these trends coming and helping Bitcoin to move up together with the halving that we're experiencing every cycle. They say that there's a capitulation period but I don't think that we'll see that most often at these times even this bull run ends.

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December 18, 2024, 08:55:49 PM
 #19

this only tells of how early we are as Bitcoinnier and how many more people are yet to be fully a part of the bitcoin ecosystem till the present.
I bet you are only referring to those who got in recently? Because there are also literal old Bitcoiners here. You know, those who got involved on the year of 2017 and below. For those who aren't yet here and are planning, they will only need to think about this, so that they will not think that they are late already.

being involved in bitcoin can come in different form and somehow, we have to distinguish between "people that are involved in bitcoin and people that are involved in crypto".
BTC is only single or specific but crypto is too general. I think this is what you mean that can involved different forms. After all, BTC is still a crypto and I think distinguishing is not a big deal anymore. It is better to just treat all crypto users the same since all are still contributing onto it.

from general observation, those involved in bitcoin are less in number than those that are trying out some meme coin and some altcoins
This is because they are more in number but if we are only talking about individually, none can beat BTC in terms of adoption. Hence this is why it is still in the top 1.
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December 25, 2024, 02:36:54 PM
 #20

Individuals using cryptocurrencies: Approximately 420 million
Individuals not using cryptocurrencies: Approximately 7.58 billion
The gap between those involved in cryptocurrency and those not is approximately 7.58 billion, with potential new entrants possibly reaching up to about 758 million if interest grows significantly.
So in 3 years we could see 200%-300% price increase minimum of btc and cryptocurrency generally by that numbers taken into consideration.
That figure is only mostly indviduals not the instutions
Adoption is inevitable but we dont really know actual numbers when it comes to the no. of people who are really that engaging into Bitcoin or crypto in overall. Lets just go with the flow and only that mind yourself about into investing into because there's no way that we can be able to stop on where it would be heading specially about into the recognition and popularity that it is really that getting now. We might not be able to reach out every corners of the world but at least that we do have that internet on which everything could be seen online or when it comes to information then it can be that easily spread out. Better not to make yourself that too mindful about adoption because we are really that heading there. Counting couldnt be that avoided that institutions and billionaires will be acquiring more on which this is something understandable but to think off that its not necessary to buy a whole coin because we can buy it on fractions and this is something that will really be understandable on doing such act. Future is something that cant be predicted and be known on how it will be ending up but basing up into the potential it does have and we arent that blind then we do see soo much potential and thats why recognition and attention is really that getting higher as time or years passing by.

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