Ninjastic
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Re: What’s the % of BTC owners and users in the world? - Here’s my take on it!
by
Cryptodaddy05
on 05/04/2018, 02:40:13 UTC
Quote from: cellard on April 02, 2018, 05:59:04 PM
Quote from: aceptamosbitcoin on April 02, 2018, 08:23:16 AM
I found your estimates for wrong and the real number should be significantly lower.

For example, I have over 10 BTC wallets with some dust and little over 0.001 left from different payments, mixing, gambling and so on. I'm sure that everyone who's dealing with crypto currencies from few years have few like those.

So I think the real crypto users are just a few millions. The technology is still too complex for ordinary users and mass adoption. You grandma could use a CC, but crypto? Or even your parents?

What most people don't get is that we don't even need mass adoption to get the price up x10, we just need the individuals with high net worth to diversify their portfolios into Bitcoin.

Most money in the world is controlled by few individuals.. so why the hell people want "mass adoption"? average joes putting their small savings into Bitcoin will do nothing, we need the big pockets to diversify their stupid stocks and bonds into Bitcoin and eventually this will happen, but people are too focused on how we need to pay coffee with Bitcoin to "go to the moon" which is nonsense.

That’s a good point you make. Yes I agree it’s bitcoin having a limited supply and being a store of value for people with reasonable net worth that will push the price much higher eventually, although increased general adoption and ownership will help a bit as well. But there’s probably too much talk of daily use of bitcoin and taking it to the unbanked in poor parts of the world wtc.

And I can’t see general ownership and use of bitcoin being much above 10% in 10 years time. But we don’t have a world currency with 100% use, and it’s sometimes forgotten that fiat currencies are regional - for example I’m in Australia and don’t own any USD directly. But I do with retirement investments that invest worldwide and in forex, and as you say that is where a lot of money will come into bitcoin and crypto once they become investment grade for the savings of high-net worth people - long before bitcoin ever becomes a common world currency.

Interesting point to consider thank you.