Quote from: bakasabo on Today at 08:20:16 AM

Quote from: PurpleFrog on Today at 07:55:05 AM

Many research studies show the cryptocurrencies are about to boom in the next years.

A growing number of businesses adopt bitcoin as a payment method, so I do believe we are witnessing a financial revolution.

It is especially important to note that 1/3 of people in the US aged 18-29 in the US have bitcoin and 1/2 of 18-35 years old state they are willing to invest in bitcoin.

Recent studies show that there are 300+ Million crypto users in the world, representing 3,8% of world’s population - https://bitcoincasinowiz.com/blog/cryptocurrency-statistics/

So it's a bit early to say that bitcoin can become a global currency but the crypto adoption is growing each year.

Are these studies real? I mean, how can they have calculated 300+ million crypto users? This means every 25th person on earth is a crypto user (I've googled world population - around 8 billions). If I ask 26 my colleagues, I doubt that there will be a crypto users besides me. I would believe that there are 300 million crypto addresses, but not users. And I would not call a person, that has created a wallet as a user. Because, for example, I've tried smoking a cigarette, when I was much younger and in a company of smokers, but that does not make me a smoker.

P.S. And you have copied a bit wrong info. 3.8% is the percentage of Bitcoin owners from whole worlds population.

I get your idea about users vs wallets. Not sure how they calculated it but there are numerous sources stating this number:

https://blockchain.news/analysis/crypto-users-stand-at-300m-representing-nearly-3.7-percent-the-global-population

https://blog.crypto.com/global-crypto-owners-near-300-million-predicted-to-hit-1-billion-by-the-end-of-2022/ - Crypto.com's analysis

Blockchain.com alone reported 83+ M wallets in August 2022, so I guess these studies are based on exchanges' reports (like Blockchain)

We can never be sure how many are the active users and also 1 user can have many wallets...

PurpleFrog

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