Bitcoin Forum

One billion people is a lot of users, especially when it comes to digital assets and cryptocurrencies. That's why the Boston Consulting Group (BCG), Bitget, and Foresight Ventures conducted a study to research the current status of cryptocurrency adoption. They discovered that while crypto adoption is still in its early days, the trend is pointing toward one billion users by 2030.

According to the research, currently, only 0.3% of the total individual wealth is distributed in the form of digital assets.

In comparison, 25% of people’s funds are allocated to equities such as shares of private companies. This stat highlights how undervalued cryptocurrencies still are. With more awareness and education, we believe that the number of cryptocurrency users will only continue to grow in the coming years.

If the current trend of cryptocurrency adoption continues, it is not unreasonable to think that the number of users will indeed reach one billion in the next 10 to 20 years. After all, the total number of users has more than doubled in the first six months of 2021 alone. This is a testament to the growing popularity of cryptocurrencies and the increasing awareness of their potential.

There are many factors that will contribute to the growth of the cryptocurrency user base in the coming years. For one, more and more businesses are beginning to accept cryptocurrencies as a form of payment. This is making it easier for people to use cryptocurrencies in their everyday lives. In addition, as awareness of cryptocurrencies increases, more people are likely to invest in them.

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Don't you think it will be better to be specific about which crypto is aimed at the specified rate, of course this is bitcoin discussion thread and i believe you should have directed yours to bitcoin instead of including the general name crypto that comprises of all manners of shitcoins in which we are less concerned about, the widely adoption of bitcoin to that extent is a thing worth considerable with your post than using crypto.

Pushing the numbers to 2030?  ::)

Crypto.com was saying that we would be reaching 1 billion by the end of this year back in January:
Staying cool: Is crypto snowballing to 1 billion users this year?  (https://cointelegraph.com/news/staying-cool-is-crypto-snowballing-to-1-billion-users-this-year)

Also, this (https://datareportal.com/reports/digital-2022-big-rise-in-cryptocurrency-ownership):
https://talkimg.com/images/2023/05/20/blobf3dbc2d50442face.png
According to this if we look at world numbers we would already have 500 million users only in the 18-64 group.


Another thing..
Stop spamming your website and link to the original source where you've copied the text from otherwise you're going to get banned for plagiarism and word spinning:

https://cryptopotato.com/1-billion-crypto-users-in-less-than-10-years-research-says/

It may exceed the number projected IMO considering that this was projected based on current situations. It says it gets better which i agree and gives a good figure to estimate it, but by my own predictions are that before 2030 a lot of events must have occurred that will promote massive adoptions and change in policy for countries that have strict regulations against it. We see some currently unexpected happenings that are in favour of crypto, some are;
 China Pushes to Quell Protests Over Billion-Dollar Banking Scandal   (https://www.google.com/amp/s/www.voanews.com/amp/china-pushes-to-quell-protests-over-billion-dollar-banking-scandal-/6669271.html)
 Cryptocurrencies are gaining ground across Africa.  (https://www.google.com/amp/s/www.downtoearth.org.in/blog/africa/amp/cryptocurrencies-are-gaining-ground-across-africa-that-s-both-good-news-and-bad-83951)
 Philippine central bank governor says no plan to ban crypto  (https://www.google.com/amp/s/forkast.news/philippine-central-bank-governor-no-to-ban-crypto/amp/)

Humans are skeptical to anything that comes their way, no matter what technology has always evolved so will crypto. The future of finance is crypto and as people will realize its benefits more will adopt it. The naysayers will themselves start accepting the crypto in time to come, and they will be the ones who will laugh on themselves.
I think latest evolution of proof of stake has further strengthened crypto and now it will become a parallel decentralized banking system in time to come.

This and other amounts of users have been discussed a few times here:
https://bitcointalk.org/index.php?topic=5402157.0
https://bitcointalk.org/index.php?topic=5402093.0

In 10 years who knows, and the other side of the discussion is what is a crypto user?
If you have crypto in your IRA / 401k / whatever are you a user?
If you buy low and sell high but the crypto never leaves the exchange since you are pure trader are you a user?

Until a standard definition of what a user is, the number is somewhat meaningless.

-Dave

Sorry to say that, but don't you think that BCG, Bitget and Foresight Ventures might be a little bit biased?
Those companies are related to crypto, so they would want crypto to explode in terms of mass adoption.
It's like a tobacco company conducting a research about the growth of the number of smokers and coming up with pretty optimistic numbers.
Many "researchers" were predicting mass crypto adoption years ago and it didn't happen. What's the guarantee that this prediction will happen?
Can you provide proof about "more and more businesses adopting crypto payments everyday"? This seems like a bold statement.
By the way, are you constantly trying to promote the link at the bottom of your forum thread? I see this URL for the second time and I'm not going to click on it. It seems suspicious.

And here I am thinking we already reached that billion mark.
How do they trace this number? Where do they get accurate data? I doubt it's a survey.
If it's wallet creation then there may be billions already. How about the altcoins? Metamask is sometimes shared by a family and it's two-way now with Ethereum chain and BNB chain on one wallet with just editing the configuration.
Me and my wife is using the same Metamask, her NFT games (BNB chain), and mine for Ethereum transactions.

I think the title is misleading and this quote is the real one as in 10 to 20 years we could be around a billion users.
Generally, such predictions need a legal framework, so without a clear legal framework, it is not possible to exceed 100 million, and with the regulatory framework, the number could be greater.

Thus, we depend on two random variables, which makes prediction more complicated.

A billion users of cryptocurrencies, this is a very large number in a short period, I expect that we can reach this number before 2030, there are many good news in Crypto that cause more people to be attracted to cryptocurrencies such as the adoption of large institutions and some countries for Bitcoin in addition To global payment companies such as PayPal and others, all of this contributes to increasing the spread of Bitcoin around the world.
Although I don't trust the studies related to cryptocurrency much because most of the users maintain their privacy by using many different means. Of course, it is possible to take an approximate percentage, but it is difficult to obtain an accurate number.

If this prediction comes true, then the development of cryptocurrencies is faster than we can imagine. According to the report, the number of Internet users is only 5 billion people worldwide. If I compare growth, I can say crypto is too fast.
If cryptocurrency is publicly supported by the government then the number of users could soon equal the number of internet users.
https://i.imgur.com/hnLSYUG.jpg
https://financesonline.com/number-of-internet-users/#:~:text=There%20are%20currently%20about%204.66,90%25%20as%20of%20January%202021.

OP didn't really specify particularly rather mentioning Crypto alone wasn't clear but it would have been better OP mentioned Bitcoin to be elaborate. Now looking at the rate of adoption, it can be said that gradually, Crypto and Bitcoin to be precise is gaining adoption globally. People are beginning to by the idea of Crypto. My opinion I that why there is delay in the Crypto adoption is the fact that most nations are anti Bitcoin so therefore most individuals see it as a big risk getting involved in it and if been caught up by their government, they would be made to face the law while some are skeptical of the Bitcoin development and still speculating around and waiting for the time of their assumption to be properly met so as to adopt it. But in all, it strongly believe with the gradual unfolding events going on within and around the blockchain, 2 billion Crypto holders would be achieved before 2030.

I'm not sure how they determined and calculate the number of 1 billion cryptocurrency users by 2030 because there can be many factors to check about the increasing number of cryptocurrency users like the regulation of bitcoin because surly if the governments decide to suspend bitcoin and cryptocurrencies in their countries there will be fewer users trying to use bitcoin and cryptocurrency because we all know they will show less interest if they see some problem from the government side, but generally, I think by 2030 and considering the speed on spreading bitcoin and cryptocurrencies in the world will see much more investors and users but I can say any number.

I guess they just multiply the total upcoming population of people in that year that's why they get that possible numbers, but it doesn't mean that we believe that since there are so many thing that might happen and we need to prepare if government will ban it or totally regulate the cryptocurrency industry.

 But looking at what's happening on crypto this past years for sure we can see some great adoption came at that year.

The population on this earth is very large and as we know crypto is increasingly known at this time I believe it has almost reached 1 billion crypto wallet users, not the use of crypto itself, because as we know using crypto as payment has not been recommended by the government because as we know I know it takes a lot of processing, so to reach 1 billion crypto usage for payments I don't think 2030 will come before bitcoin / crypto itself is legalized

By "users" they probably mean anybody that interacted with anything crypto related. I don't think they mean 1 billion "active users".

No blockchain is capable of handling that kind of load yet. Maybe there will be 1 billion exchange accounts but most of them be inactive.

It don't look like a realistic prediction to me. This may change if the devs can improve the capabilities of a blockchain. Maybe a miracle will happen.

a survey in 2021 said that currently there are as many as 300 million crypto users worldwide and India is the country in the world that has the most users of around 100 million users, this shows that crypto development is getting bigger than the previous year which was only around 200 million. users, the development of an increasingly modern era of course encourages many people to use many alternatives including finance and I think in the end when the world is more advanced then blockchain technology and crypto will be one solution.

I don't really trust these numbers, since especially with bitcoin it is (by default) not possible to count the users since you can generate infinite amounts of addresses. Also there are really strange places where suddenly there is a large adoption in a short time, like some areas in 3rd world countries.

I think it's still possible for the crypto adoption to properly kick in and for a billion of users to be reached. I'd say that less than 8 years isn't enough for that, though, and current world conditions aren't very favourable for larger development of technologies because the economy isn't doing well. 10 to 20 years- yes, sure. 7.5 years - highly unlikely. And then there's the concern others pointed out, regarding the way the number of users is counted (including the number of current users).

Anyone can create unlimited number of wallet. But I don’t think about it. And I don’t think there will need 2030 to fill 1 billion crypto users, just a personal opinion. I think we can celebrate 1 billion users within 2,3 years. Day by day increasing uses of crypto and also increasing a huge number of crypto users.

2030 is near already, it is just 8 years from 2022, so I don't think it is feasible for Bitcoin to hit the landmark of 1 billion users that quick. With my recent research, I discovered that slight over 180 million users are currently using Bitcoin. This means that if speculators' target of 1 billion users is to be achieved, an extra of slightly less than 820 million users would join. This seems impossible to me and I'm glad you lengthened the years in the body part. This is because as Bitcoin is enjoying the support of some countries, many other countries are still against it. More is still needed to be done for Bitcoin to be accepted by some people and regions, and more time is required to achieve this as well. If correct, Bitcoin needs over 2 decades to hit that target as China with the largest world population will be adamant, and so is India with a 30% tax on Bitcoin transactions.

I never liked these kind of predictions nor is it possible to know.

If I give my friend $5 in BTC for a cup of coffee, is he now a crypto user?
If I have been hodling for 5 years and never sold a dime, am I a user?
If I got airdropped some Bitcoin 10 years ago, spent it, and have never since touched anything related to crypto, am I still part of the group?
If I have 100 Bitcoin addresses, am I one person or 100 different ones?

There are more questions I could ask...
The only way you could say you have 1 billion people actively using Bitcoin/crypto is if there is a huge KYC database with all their data in it and none of it was done with stolen/faked info.   

Although we will never know what will happen in 2030, but I really agree with your review, because every year there is always an increase in bitcoin users in almost all countries, because krypto has become a favorite investment instrument among the world community, even now there are already 18 thousand companies that already accept payments in cryptocurrencies, although cryptocurrencies are not yet available. Legalized by the government but I believe users of crypto currency will definitely increase every year, for now India is the country that adopts the most crypto currency, more than 100 million people use crypto currency in India, then followed by the United States, but for countries I haven't used crypto currency much, but I believe that maybe in 2030 my country will also increase in crypto currency users, because investing in crypto currency provides a very promising opportunity in the digital era that is currently developing.

Why do we have to wait until 2030 when it was possible this year or even next year?
Well, it was just an assumption as to what might happen 8 years from and honestly, I'd think the study seems to fail to know the massive growth of crypto adopters and users worldwide. And we are not even sure that we already had reached those numbers as many people quietly investing in crypto.

Anyways, it is hard to find an accurate number of users. We can always speculate and cite a possible number base on the data we gathered but never think it was reliable as we don't have such thing.

Does the study entails if there will be some form of hindrances to these figures? Just curious if we can add more to the the scalability issue, lack of education, hacks, and other kind of hindrances to adoption. It's a long way to go or not but we only increase when it's in the bull market and that's a fact, people gone when it's winter like we are now.

i think, the numbers are just estimates. so they may have missed some parameters or factors. but it is showing positive growth in the next coming years, so the possibility that btc will further increase its value is high. with this projection, you can now decide whether to invest more or not, while btc is still down. they may missed the exact numbers here, but if it will be near in those predictions, that's already quite promising to invest in this market.

Yeah, for me it is impossible that the adoption will decrease because there are already a lot of things that cryptocurrency solves, especially in our day-to-day finance.
It is just showing now that we are still very early on the cryptocurrency adoption, there will be more upcoming innovations, especially on Bitcoin.

Yeah, I think in the bull run of 2017, we kind of heard this news as well, crypto is being adopted and x numbers of people are going into it.

So the same thing happen in 2021 bullish market, and this pattern might continue to the next bull run of 2024-2025 and so on. So the numbers are estimates but we could be near that numbers by 2030.

indeed from day to day more and more people are talking about bitcoin, because they see the great potential and ease of bitcoin transactions. and I think in 2030 there will be more people using bitcoin as a means of investment, short term or long term. even some countries in this part of the world have started to adopt bitcoin, because they see good potential and opportunities. so definitely in the future there will be more bitcoin users and enthusiasts.

it's one thing when these are active users in the form of 1 billion, and another moment, it may just be curious people who just came to read for cryptocurrency and just these people were counted by statistics. I would like these people to use crypto currency as with bank cards, then it would attract huge demand and cash flows to the crypto market as a whole.

I also believe that these numbers will be achieved soon because if we say about eight years period then we can imagine how much growth the crypto market would witness.At current we already have millions of users in this space but for me 1 billion users would be soon within few years only

Hate to bring this up over and over again but having an app that says you bought Bitcoin doesn't make you a user.

Having Paypal that has a Bitcoin balance, Binance account that says you have Bitcoin, even a physical bitcoin with loaded balance... they do mean you own some form of investment in Bitcoin, they might even mean you own real Bitcoin, but if you've never personally interacted with Bitcoin network, you're not a user.

And that's not being elitist, that's just being practical.

Do you really think you would be able to talk to 1 in 8 people in 2030 and get them to whip out their Bitcoin wallet and transact with you?

Can't even get that ratio on THIS forum.

LMAO.

I assume that this user projection was based on the price having behaved much better than it has.

In the end I think the important thing is that the number of users will continue to grow, and that even if there is volatility and swings in price, bitcoin is a pretty safe bet for the long-term holder.

The first crypto which was bitcoin came out on 2009 and then after that many cryptos have followed up, so to sum it up, cryptos are now running for 13 years but it shows that the total number of crypto users are only 300 million.

I am thinking that if we will hit another 13 yrs, only 300 million more are going to be added so that will be over 600 million in total, therefore I can't really agree with you or to the op that by 2030 we can have 1 billion crypto users. We can't just say that cryptos are now more popular so it will now be easy to be adopted. Let us not forget that many people have been scammed and they now hate cryptos, also there are countries which are still banning cryptos.

So the big factor is that IF the trend continues for a period of 8 years there will be so and so users. I wouldn't predict anything past a year tops because there are so manny factors at play here regarding outside economy, growth of other crypto coins, the publics preception of crypto...Let's see first if we can get out of this looming economic crisis and then we can look at the near future.

The increasing adoption and growing popularity of bitcoin during the economic crisis will definitely increase the number of users. I may not analyze or predict the numbers, but it is definitely worth the growth and in line with the development of information in society.

The economic crisis and inflation can increase people's interest in bitcoin by considering bitcoin as a store of value asset, not just an investment. I can imagine that being a trend among big investors so far, but surely bitcoin will be a bit more likely to be ignored by people with lower economic status.

It depends, while I also think that under normal conditions reaching such amount of users is unlikely and it is better if we gave bitcoin decades to reach that number, it is not like it is impossible if the conditions are extraordinary.

I have always thought that if things get really bad and there was inflation out of control a high rate of unemployment and even political instability that will be the trigger for people to actually look for alternatives and as such massive adoption could happen really quickly under that scenario.

Many people just know about Bitcoin and that seems to be an alternative investment for many people, in fact, rich people have been involved already. Yes, just notice that when Covid-19 hits the world, Bitcoin become known globally and started attracting interest to the community making a surge of its adopters, users, and investors. We've been really seeing a huge spike in its demand. And those who are actively participating in online transactions could be somewhat encouraged to use Bitcoin instead of fiat money.

The real adoption need to take place. Only then it'll happen. If not this will serve to be numbers without value. Because, we predict and in the real-time it is hard to be achieved. The growth over the years have skyrocketed in terms of users. In specific the increase is being felt much over the Asian and African belt. This means the chances of reaching 1 billion in another 8 years of time is possible.

It can happen but don't expect most of those will be a Bitcoin supporter or investor/user.
The NFT trend made a huge impact, first of all. It opened up a portal into where the innocent became "wannabe pro crypto enthusiast".
All they wanted was to play the game that an NFT project have opened up and next to that they are already using Binance and Ethereum chain to make it happen.
Accounts created in both chains spiked and soon we will see the same event where a new trend will shake the leftover innocent to learn the crypto industry.

Hopefully that will be the case by 2030 cause adoption is very slow barely anyone using crypto for everyday purpose. Fees are way too expensive and it's just a digital form of tokens. I wouldn't be surprised if it's 60% adoption or 5% adoption by 2030. It could go either way. A lot depends on the political shifts and implications. I'm leaning towards 60% chance it will be still less than 3% adoption rate, and a 40% chance by 2030 it will be 60% adoption rate meaning in 7 years a lot of fiat would be converted to blockchain and crypto?

Honestly speaking, I don't think it will take more than 8 years to reach 1 billion people. It might take max. 5 years. People will be able to learn about bitcoin more quickly now that they are highly socialized and the majority of people use the internet. And in the next 5 years, maybe 80 to 90% of the people in this world will be able to use the internet. And from them, if on to 5% of people know about it, it's enough to cross the bitcoin price to the mountain. That's my thought. Thank you very much.