Is there an accurate way to calculate the number of Bitcoin users
Every day I hear many estimates showing the number of Bitcoin users all of them are distracted.
LoyceV says there are about 36 million funded addresses, which means that the number of Bitcoin users is much smaller than that.
Can this number be accurate, especially since the number of users of this forum, Reddit and others equals 5 million users, and if each user has 10 addresses, the number of Bitcoin funded addresses must be higher than 50 million.
LoyceV says there are about 36 million funded addresses, which means that the number of Bitcoin users is much smaller than that.
Can this number be accurate, especially since the number of users of this forum, Reddit and others equals 5 million users, and if each user has 10 addresses, the number of Bitcoin funded addresses must be higher than 50 million.
Quote
According to data analyst Willy Wu, there are an estimated 135 million Bitcoin users worldwide. This is less than 2% of the global population. To put that into perspective, PayPal has 361 million user accounts, Facebook has 2.8 billion monthly active users, and the internet in total has an estimated 4.7 billion users.
To put this into perspective: there are 36 million funded addresses and it's pretty safe to assume many Bitcoin users have more than one funded address. That means he counts at least 100 million "Bitcoin users" who don't own anything on-chain. Maybe he includes custodial wallets, so people speculating on Bitcoin price increases on exchanges or even Paypal nowadays, but I wouldn't call them Bitcoin users.
Remember: "not your keys not your coins"! So if you don't have keys, you can't be own Bitcoin, and if you don't own Bitcoin, you can't be a user.
Remember: "not your keys not your coins"! So if you don't have keys, you can't be own Bitcoin, and if you don't own Bitcoin, you can't be a user.