That’s still a lot, considering the world population is around 8.2 billion... so 3% would translate to about 246 million people. And with Bitcoin’s fixed total supply of 21 million (even less if you count the ones that are lost), I’d say that data actually makes sense. Sounds pretty accurate to me.
Hopefully it will continue to grow in number and users will continue to spread positive news to increase its trust. So that the desire to own is getting bigger, the number in the market is getting scarcer and the price is getting higher. So holding a small share of Bitcoin will benefit you in the future. I think future users will increasingly outnumber current users. But the condition of crypto capitalization is very much, the capitalization of money turnover is also divided, the current condition of the market situation changes the situation is difficult to predict.
People will invest because they see institutional investors getting in. We can clearly see that most big tech companies are accumulating millions, even billions worth of Bitcoin. That’s a good sign and shows trust in the market, that it’s stable and not easily manipulated.
It would actually be great if we had a tracker for the wallet addresses of these big institutions, so we could see if they’re really holding long-term. But if we don’t, then I guess we just have to believe it anyway.
for reference.
Lots and lots of metrics, but many of them are hidden behind creating an account on the platform (which is BTCTreasuries.net).