Bitcoin Forum

I wonder how large is the financial product Crypto as a whole.

Comparing just to the NY stock exchange can put a lot into perspective:

https://se544.com/en/images/business-Insider-cryptocurrencies-800x349.png

VS

https://se544.com/en/images/business-Insider800x425.png

I believe that most of the financial cloud comes from the US, maybe also the EU.
Anyone having statistics from other parts of the world please let us know ;)

Coinweb says that the total number of crypto wallets worldwide is 84.02 million,  a significant portion of users from Europe and the U.S. That makes for 420+ million crypto users.

Quite a lot.   

Another thing to put into perspective is that many of those.conoanies are over sixty years old now and Bitcoin which is the oldest cryptocurrency is 14 years.

Comparing both industries with very different launch times does not give any accurate suggestions.

How long they have been running is one thing to consider when comparing like @Upgrade00 mentioned.

Moreover there are lot of differences between stocks and crypto. These are two different asset classes and its another apples vs oranges comparison here.

These companies are also assumed to have their own ownership of crypto which they may not show off to the public. Whatever be the statistics, I would play it same and get the best of both worlds. You need all types of assets in your folio to make it diverse enough to cover bad times.

I agree because it's like comparing a young and strong individual to a weak senior citizen. So this is the battle of centralized and decentralized assets right? For me it does not make any sense because they run on different platforms, technology or asset classes as you may call it. Why compare if you can have both assets right?

For me crypto is more influencial and is also a future proof kind of asset.

I don't like marketcap as a measurement.
I prefer networkactivity, unfortunately the NY Stock exchange has none.
In most networks marketcap is used to express their influence over finance.
Here you see how much crypto holds. 

What do we consider a user to be?
Because if somebody is not actively using Bitcoin or other crypto daily and are just storing them on Binance or Kraken then that's no different than calling nobody a Tesla user because he has stocks in it and not because he has a car.

And I'm not buying that close to half a billion number, just look redound you, does it feel like one in ten persons is a crypto user?
The number is way smaller than this, I would even dare to say by an order of magnitude, 40 million sounds way more plausible than 400 million.

I agree with you and this has shown that technology is fast growing because the adoption of cryptocurrency within the short period of time shows that it is a good asset and people believe in it and are always ready to adopt something new.

Bitcoin has grown more than expected in just 14yrs and that shows that it is worth investing in because of its value and potential compare to other asset like stock and bond.

and those conventional investors are in the stock market because they do not want to feel less secure of their money. Imagine how much we grow over the 14 years of Bitcoin run that we come into perspective comparison with World's largest companies.

I agree, but somehow we can foresee how much room do we need to fill in with crypto market. It will take time to be as big as the stock market, and we can see it we are going there.

Bitcoin has made alot of people wealthy and has a lot of accumulated wealth as well, when you look in at the data presented above, you will discover how Bitcoin has been on the lead of performance over other currencies, not only that alone, cryptocurrency in general is getting more attractive attention compare to other currencies or assets globally, Bitcoin is the most searched for digital asset of investment trending and people want to accept it uses for their own benefits.

It is what coinbase said. I agree
 I have had 5 or 7 wallets in my life.
20 to 40 million is my guess, I think also that outside the developed world there are more crypto holders.


Unfortunately for us crypto friends trading is on its way to become synonymous with crypto. 


So have stocks, real estate etc.. No argument here.

This is an interesting comparison which has some value, however realistically it needs to be compared against other currencies since that is what they are all claiming to be. However, sticking with what's infront of us - this highlights that all the crypto in the world holds similar value (which can move a lot more drastically and erratically) to just the top few companies in the world. While that is a lot of money still and it has gained a lot of influence in the over a decade it's been around, it still has a long way to go. The focus needs to be on optimizing the speed of transactions, the volume that can be processed and making sure that the transaction costs are below existing payment processors if it is to continue to progress.

Since the creation of bitcoin in 2009,cryptocurrencies have exploded in popularity,it has been the most dominating crypto for over a decade and I don't see it stopping anytime soon.It is the most promising investment opportunity of our time,and has rapidly transformed various aspects of the global economy like no other.

 Bitcoin is currently the world's most prominent crypto,recognized and accepted by many in finances,manufacturing,real estate,travel and retail.
 I'm going to reconsider bitcoin over and over again,I'm going to start my journey and I'm going to start with bitcoin.
   Bitcoin is the change!
   Bitcoin cannot be stopped!!
   Bitcoin is the future!!!

I'm thinking of comparing a potato and a song, not everything of value needs to be compared. There are many aspects of unity, but there are also many things that are truly unrelated. As many people have expressed before here about the field of operation, as well as the time of operation,...
Although it is possible to partly understand the OP's intention of expressing his opinion on the influence of crypto, but the question is why not mention the possibilities in which it is being applied. If material value is the measure here, we will never be able to see the influence of this field. I can express that crypto is still very young, but its acceleration is truly amazing, perhaps the potential is something we have to admit is actually happening in this field.

I agreed with this all as we are not going to compete these, but we are going to have our share in this world and its having very good growth as mentioned above from these mostly companies are working for the decades and then have this position and in crypto world we are having just 10 to 13 years which are also big difference and few other things which are completely separating is adoption here in many countries still ban, and law related issues are hurting with if they end these barriers then surely this crypto thing is going to be rocket speed, but this all is not going to happen, and we are going to face tough challenges but still having good mark around the world is good for the market.
Hopefully more positive news and change in rules bring better results and adoption easy for the millions more those are looking for the best in life and crypto can do this all positively.

I feel like i am missing something obvious here. How there are almost 336million more crypto users then crypto wallets? Shouldn't that be other way around. People often have several different wallets. Even for same coin.
But it's really interesting to see if crypto goes over commodities like gold in the marketcap. I am pretty sure that bitcoin or eth with go over top companies marketcap. But gold?

yes sure, the number is about US$ 32 trillion in 2022, That is what Global trade reached.


Yeah you caught them hehehe


Bitcoin has part of the future that is sure.
The only thing which should be changed is its role in the whitepaper.
Due to its value transfer fees are too high. Speed is too low.

Crypto is influential, sure is but it is not the one thing making the world go round and is much too small to repalce the $

Actually only of all cryptos listed on the table, only Bitcoin, Tether, USD Coin, and Ripple was claiming to be a currency, other was a token that hold certain value based on the grow and development of it's project so it's not wrong to compare them with stocks. Not to mention that most of people who hold Bitcoin (and other cryptos) up until now still treat their crypto as speculative instrument.

We cannot know the total number of Bitcoin users because anyone can generate thousands of addresses, the closest number we can get is from collecting data from several CEXs, and it does not represent the real number of all users, but we can say that it represents the minimum number of users.

We can easily know the total number of Bitcoin addresses that have a balance, and then we can describe it as the total number of users, which is equal to about 50 million addresses. You can get real-time data for the total number of addresses from here http://addresses.loyce.club/?C=M; O=D

We have a total approximate number of users that does not exceed 50 million users, and the minimum number is the number of users who have completed the identity verification procedure in CEXs.

I can now estimate the number of cryptocurrency users between 5 million to 70 million, and the number may reach a little more than 50 million, but definitely not 420+ million crypto users.

Where did you come up with the number 420 million? 84 million crypto wallets doesn't mean 84 million crypto users. One crypto user could have multiple wallets.
Anyway, yet another forum post comparing cryptocurrencies to big corporations in terms of market cap. I feel like this is the 1000th forum post about this subject. ;D OK, Bitcoin has a market cap, that is bigger than the market cap of some big corporations. And so what?
Bitcoin is a currency, not a company. Why do you have to compare it with companies? BlackRock operates funds, which are worth several trillion USD. Does that make BlackRock the most influential corporation in the world? Maybe. Who knows?

I agree that crypto is influential, just like what happened and what it did to me since 2016. Even though I took a break at times, I never forgot that I could come back to it. It made a significant impact on the global financial landscape, and Bitcoin has been a major player in this transformation. For me, the real highlight of this is its influence on finance, not just in terms of market size or user base. It introduces a new, decentralized way of conducting transactions, which is fundamentally different from traditional, centralized financial systems. It has opened up new possibilities for global finance, such as peer-to-peer transactions without intermediaries. We know that it gained substantial traction and popularity, but it still represents a small fraction of the global financial system. However, at present, we cannot say that it is the sole force shaping the world. In the coming years, traditional currencies and crypto will coexist. Yes, crypto is influential, but it is not the only thing making the world go round, and it is currently too small to replace traditional currencies like the dollar.

Statistics are a good thing, but they also need to be properly evaluated.
The number of wallets is not equal to the number of users.
Impact on the financial market - look at the turnover of trading on exchanges and crypto exchanges ? How many percent of the turnover of classical exchanges are the turnover of crypto exchanges ? A very small proportion ...
The only thing we can say is that cryptocurrencies have created a layer of new millionaires. At the same time, we should not forget that the crypto market is purely speculative, and the earnings of some are mostly the losses of others. especially with such a wild volatility.

I agree.


Coinbase said that.
For me, I set Crypto User around 40 million, there are people using stablecoins and hold no bitcoin. Nothing to store. Plus there are miners.
For me the main achievement are wallets. People outside the 1st world have a hard time getting a bank account.
Do you wish to have a company bank account in Venezuela with abroad access? Cost you 10k in US$, plus you cannot spend those. I 'm pretty sure that is not that unique, Banks and their supervising authorities are more of a hindrance than a stepping stone.  

Crypto use has gained significant influence & widespread adoption worldwide. It’s emerged as a viable alternative to traditional financial systems & is increasingly utilised for various purposes. Crypto is being accepted as a form of payment by businesses & online platforms enabling global transactions. Countries & governments are exploring the potential of cryptocurrencies with some even developing their own digital currencies. The growing popularity of crypto coupled with advancements in blockchain technology has contributed to their global reach & influence which is making them an integral part of the modern financial landscape.

influential enough that it has become phenomenon across worldwide everyone quite literally has known bitcoin is one of the way to invest these days and when i say everyone i implies those gen-z and millenials that are techy enough or older generation that are techy enough, they know that if they don't invest in stock they can invest in bitcoin even right now in many countries there are companies offering up exchange specifically for cryptocurrency so I guess it has become as popular as the fortune 100 stocks.
but then again in some part of the world they might not even know the existence of cryptocurrency maybe because they just don't care enough
but overall also seeing the market capitalization of all crypto combined you can roughly guess that these are humongous amount and will definitely become massive, in the future and that could also means that the influence of bitcoin will also spread even wider around the worlds.

Even if you say that you don't like it, most of the investors refer to the market cap to see how liquid it is. Just look at these websites and their references, they're all highlighting about the companies and assets market capitalization.

• https://www.madisontrust.com/information-center/visualizations/the-25-most-valuable-assets-ranked-by-market-cap/
• https://companiesmarketcap.com/assets-by-market-cap

And from these sample lists, we can happily see that bitcoin is part of the top assets globally.

The influence of Bitcoin has greatly increased since it was created 14 years ago, compered to other financial investments like stock and bonds, as you mentioned, which have been existing for many decades. In a very short period of time Bitcoin has been able to measure up as a valuable digital asset, that has the potential to take over and become the most profitable financial investment in the world. This is why it's adoption will continue to increase despite the bans and restrictions in some countries.

In the times of shares there were already VC Companies doing their job.
In crypto you don't see that much.


Are there Crypto VC?

Should not compare the market caps, because market caps are more or less arbitrary/easy to manipulate. Better to compare the trading volume/liquidity. So, what is the value of stocks traded for those companies daily in comparison to the trading volume of crypto. That gives a better insight.

Ok agreed,
Marketcap is a misleading factor.

https://se544.com/en/images/leading_stock_exchanges_2023.png

Tradevolume of the leading Stock exchanges.

Courtesy of Statistica:
Source (http://"https://www.statista.com/statistics/270127/largest-stock-exchanges-worldwide-by-trading-volume/")

You are right there. It cannot be denied that no matter which field of the market Bitcoin is included, especially in the market cap, when investors find out about this, they will be really encouraged to invest in Bitcoin or cryptocurrency as long as it is in the top listing. of the market.

There are many people who hear bad things about cryptocurrency or bitcoin, and those who hear bad things about crypto or bitcoin are used to cheat and defraud investors.

They see the potential of bitcoin for gaining a lot of profit that's why there's a lot of people is trying to participate on any crypto related activities and earn a profit with this. That's the reason why we see a lot of money poured in the market since there's a lot of people believe that they can earn more here rather than other investment. Hopefully this will be a good pointer for government to maybe at least successfully approve those ETF request and then after that bitcoin to became a legal tender will be the next thing to happen.

Their maybe a lot of people heard bad thing about crypto but once they discovered that its isolated cases then their worries about those scams will be eliminated and their want to acquire bitcoin will be high.

IMHO, the description of Bitcoin with bad things are now gone. With that I mean, there will still be bad things that we will hear from other people but the crowd won't agree with it anymore.

Gone are the days when everyone has the same negative belief about Bitcoin without even having it. And with those negative words they say, the good things that happens to it are more than that.

The realization of many are come to be said with the same thoughts that they've been late already. But with the comparison of its market cap, that's another factor that they have to consider that it is now one of the best global assets that someone can own.

Let's not get hung up in a debate of market cap being good or bad.
In both scenarios market cap and network activity Crypto as a whole is around 10%.

 Due to the concentrated holding of Companies, Whales there is not much room for a movement which spurns a revolution.

So becoming the world currency is off the table. That so much for awakening.
As in shares, investors are not so plentiful in Crypto, let alone in bitcoin.

What technology? Is it about crypto? If it is, then I won't say it is fast growing because when BTC first came out, it struggled to convince people. It was only after a couple of years it grow quickly because people are already confident about it. While if we mean technology in general, I'd say that it is fast growing because there are lots of stuffs already invented through the years.

In terms of crypto again, no, not all are always into new stuffs, especially when people are aware of the scams happening around and most of those are from new projects. BTC has advantage over the other non-crypto assets but we should be real and say that it also has a disadvantage and this is where others can scale against it.

Confidence, what a nice word for some basic instinct. I call that greed.
Once people heard that with Bitcoin you could double or tribble money they sold their houses, some too late, many at the right time.

 

Confidence can still be called a basic instinct in everyone, but I don't think it's worth mentioning greed for everyone, because not everyone will want to sell their house or residence for the purpose of multiplying their money through Bitcoin. In general, I have also heard stories like that from other people, but what needs to be understood is that only a handful of people want to think like that. Because most people will only use whatever money they have to make a profit through Bitcoin even though this will be done repeatedly every week.

So I don't think it would be appropriate for anyone to say that this is greed, especially if it is aimed at everyone, because those who sell their houses to multiply their money through Bitcoin are people who basically own more houses. However, at that time he did not have any money to invest in Bitcoin so he decided to sell one of his houses in order to be able to do this within a certain time. As for confidence, this arises naturally after everyone sees the facts that have happened to Bitcoin in the last few years.

While Crypto's Total Market cap is no way near to the Stock Market cap. but we must admit that considering how young Crypto is. these marketcaps of every cryptocurrency is very impressive.
Cryptocurrency surely gained substantial influencer in just one and half decade. which is truly impressive.

and OP you should edit your post because Crypto users and wallet numbers are not accurate. lol

True not all are greedy, still many are under the crypto crowd.



Marketcap is value which is not too accurate.
Just remember Pepe, with had an impressive marketcap.

Speaking of the stock market, I've been dreaming of putting money there for a long time. Because that's okay, but I don't have the capability to make money in the stock market yet. But if I am given the opportunity to make a good profit here in the cryptocurrency business, I will really put money in the stock market.

But right now my priority is cryptocurrency, because it is currently helping me with my expenses for my family and my bills as well. Because a relatively large amount is also needed in the stock market.

I encourage you not to rush, it is one step after the others, and since you still do not have the financial muscle yet, and perhaps the expertise to engage in stock trading/investment as well, you can wait, there is no need for the rush whatsoever. Cryptocurrency is a very good opportunity for people to earn and your working for a campaign now is a plus, so in the next 2 years or thereabout, I hope that you can get to fulfil this plan without postponing it as procrastination is also not good for success. For you to even have the plan means that you do not want to leave it at cryptocurrency alone, and this is wise. Every reasonable investor must diversify their portfolio for better gain and safety and even having more than stocks in addition to crypto is what I will always encourage people.

Lastly, before you eventually have the money for the investment, nothing stops you from engaging in your crypto investment/trading and learning the stocks trading and investment altogether. I know this and I can tell you that it is easy. Knowing how to invest/trade in cryptocurrency alone has given you some kind of leverage over stocks already, you will only need to learn some terms and the actual psychology and behaviour of the stock markets to get yourself acquainted with it.

That’s just the most important factor. Even if Bitcoin had done only half of what it’s doing right now, that’s still mind blowing because it’s just a decade. I agree that Bitcoin still needs more adoption but to those who think it’s not gotten enough, we should look at this timeframe and compare it with companies that have just about the same value as it does. Imagine when it now gets that extra or complete adoption, or even the next time we hit a new all time high. I’m not even talking about cryptocurrency at large.

More adaptation is not really needed. It won't become what it was meant to be. Due to speed, in times Bitcoin was developed banks took even longer to transfer money.

I only wonder why the age comes up. Being a newish commodity people should learn and not do the same as other commodities have done. But far from it. Crypto runs in the same pattern stocks were forced into regulations, KYC, rules, When Crypto Firms look for people on the employment level yohey sound exactly the same as IBM. 

The crypto movement has matured and you see investments but you don't see crypto VC, or am I not seeing them although they are there? 

This is a bad comparison op. Comparing something like the stock exchange which is 100% centralised to crypto like BTC which is centralised only to a certain extent doesn't really make much sense to me.

BTC did what none of those companies could ever achieve which is taking some of the power from the elites and shifting it to the commoners in a small and meaningful way.

It's much less about comparing than putting amounts into perspective, When Crypto is listed coins are listed by market cap and there is the issue with replacing Fiat. Seeing and comparing numbers, network activities, stock movements, Marketcaps companies to coins does exactly that.

It puts things into perspective.

That people with money put money into Bitcoin is just a logical consequence of diversification. Nothing more to it.
There is little enthusiasm about Crypto, except for a few players. Mike Saylor being one of them.   

Its not about different ages of each commodity, its about putting numbers into perspective. 
 

Let's not forget that Bitcoin, for example, can be significantly bigger, it's just that it's still in the bear market right now. So over a trillion of market capitalization is something Bitcoin had before and can easily have in the future. But 2 trillion or more? I don't know, maybe not in the next couple of years. Funny enough, whether we take the current capitalization or the bullish one, Bitcoin would be #3 in both cases, right after Apple and Microsoft. I'd say it's amazing that Bitcoin is so high, and it shows how serious the crypto market (or, at least, Bitcoin specifically) is.

Yeah and most people do not get it.
If Bitcoin and all crypto want to replace the $ as exchange currency.
Here are the figures:

I think that comparing the industries does provide suggestions of the potential of the crypto sector once you take into account that Cryptocurrency is a 24/7 market, accessible to all worldwide...while the listed companies are limited to the stock exchange, limited to be traded on centralized platforms, and not accessible by everyone around the globe 24/7.

When this is considered, the suggestion that these cryptocurrencies could grow larger than some of the world's largest companies (as some, like Bitcoin, already have) is not an unreasonable one.

Firstly, Bitcoin does not have a need to grow bigger than those industries. Finances is a game of the centralized, corporate world and they have so many tricks to keep winning that game.

Bitcoin is not about the numbers game, it js an alternative to that entire system. An escape from the financial trap that the governments have set up.

More adoption is needed but it’s not compulsory. Bitcoin has gotten quite a large attention however getting more people to know about it wouldn’t be bad. And I do not understand what you mean when you say that it won’t become what it was meant to be. What was it meant to be? How does it getting more adoption hinder it from becoming what it was meant to be? Or have I misunderstood what you said.

In the whitepaper the very 1st line reads: Bitcoin: A Peer-to-Peer Electronic Cash System
It was meant to pass values from point a to point b.

Sure it does that but slower and more expensive than when the whitepaper was written.
Now its a store of value, Being that valuable plus slow makes not a good candidate for transfer. Imagine you pay me and 3 days later when the sats arrive they are worth double.

The comparison I set up to put things into perspective, Bitcoin has done a lot, without much adaptation. And why change something good? 

My opinion on this is that, let us be grateful that Satoshi created this currency, which is now considered valuable in today's market.
Just look at how the its market price is progressing thru the years, will give you an insight that this currency has been progressing a lot in the past years.
And just see the adoption today, and it is still growing makes you believe that this market has great potential.
Consider the popular personalities as well as known companies which are already tapping this market.

Firstly, I never said it needed to grow bigger than these industries...If you actually read the rest of my post instead of snipping one sentence, then you would see that I was illustrating the remaining potential of Bitcoin and cryptocurrency in comparison to national, centralized markets and stocks.

Think about it, US banking stocks are on par with Ethereum, however Ethereum is open to the entire world...what does this say about its potential? Bitcoin is on par with Tesla, a company specializing in generating revenue primarily from electric vehicles. While having a larger reach then US banking shares, its reach is still not as far as that of Bitcoin.

With all of the rumors about the Bitcoin Spot ETF being approved, the widespread word about bitcoin and its influence will become even bigger.

It's fine, people will see the flaws of a thing if they're not contented with it. The core's have to upgrade and update it but if nothing has happened, it won't change a thing or two with Bitcoin's popularity nowadays.

There is no doubt that the change of Bitcoin coming from being a P2P e-cash system has become a store of value. Is it a problem? Not really, it has just made itself upgrade and innovated from the actual use that has been presented to its whitepaper. But did it ever change or leave that feature? No. It has added and became more of its actual use and that's a good thing IMO.

Whales, financial institutions, the governments and all of those countries that are very optimistic about Bitcoin. That's how its influence is becoming larger than the time it has started so, we should be thankful and grateful for what it is achieving now.

Yes they are, unfortunately though only about its monitary value.
They are eager to maintain the banking system and don't see what Crypto is about (IMHO).

I did read the rest of your post, but I don't quote entire replies when I'm responding to them.
I understood what you were saying, my point was that there should be no comparison at all between the two industries, and that's the exact same point I was making in the first reply I made which you quoted.

Definitely looks good on paper and to an extent indicates how much Bitcoin has grown in the short space of time and the remaing potential for growth. I just feel, and this is only my personal opinion, that it sets the wrong precedence and helps on the narrative that Bitcoin is about the numbers, which ultimately leads us to having holders that don't care about privacy or decentralization.

And why not?
Bitcoin is to replace the entire FIAT System is the reigning tenor of maxis. Ist quite astonishing that maxis apparently are not aware of the very size the US$ system represents.

Due to Bitcoins value and speculative fluctuations Bitcoin cannot even be used as a medium for passing on values.

You are right. Comparing the entire crypto market to stock exchanges does not make any sense to me because these two things are operating differently. They are not even operating in the same market. The bitcoin market is operating every single second. Once you enter the bitcoin market, you will get access to it, and at the end, if you make much money from it, the crypto market will work anytime and operate on its own. However, I don't see any market that someone will even compare the crypto market to and match because these things work differently in any way.

Further, what bitcoin has done globally can even make you believe that this is incomparable. The number of people who have saved their lives from many things, like being a victim of scams, easy to buy goods, and getting access to others in another country, is enough to make you believe that there is much difference in both if this industry is just mentioned.

Sorry but I still don’t understand what you’re saying. How do you pass value from point a to point b without what you’re passing being in point a? I’m asking because you mentioned that it is now a store of value…whereas that’s what currencies are known to do. Also, because it is slower than when the whitepaper was written, does it mean that more adoption isn’t needed? Volatility wasn’t mentioned in the whitepaper. Satoshi mentioned what the goal was and they delivered it. Because there’s now volatility doesn’t mean that the Bitcoin is less of a currency than it used to be.

   In over a decade of Bitcoin in this industry, it has really influenced a lot of altcoins that have imitated its style. And there are altcoins that have appeared in this field that have succeeded and are still following in the footsteps of Bitcoin, in fact.

   Although there are many altcoins that have fallen in the market, there are still many that can be considered successful in the crypto space, such as Ethereum, Bnb, Matic, Arb, Aptos, and others that are also going along with the market. For sure, there are more to come in the future, and they will become even more famous and noisy around the world.

I think the OP already stated how influential crypto currency right now and we know about that, over the years since bitcoin emerge's  there are more and more currency also created its a symbol of crypto currency being dominant and more advance and powerful than other currency or investment, although stock market is also profitable but the things is its profit takes too much time unlike bitcoin's potential profit although it is also long term but you will see the potential profit and you are sure you will gain if your analysis is right, stock market is very risky also as you are buying stocks from a business and your profit will determine on how the business performance is, if they succeed or grow more then your stocks will also make profit. But even though crypto currency is seen as more influential than any other investment,  investment is still investment as long as we earn from it.

Frankly it seems we have very less number of users in the crypto sphere. There is simply no way to tell the exact number of peeps using the crypto because you cant predict them by number of addresses. I mean its unpredictable how many addresses one person is creating on everyday basis if not then monthly basis! It doesnt even give the slightest idea to the survey input. So I highly doubt we have 400 million users of crypto or bitcoin alone. There are multiple services, online shops, exchanges, gaming institutes, sports and gambling sites, faucets and not limited to just them who are using BTC as mode of payment. They also have auto address generator thus creating virtually N-number of addresses world wide. I would like to consider that users with crypto holding Vs share market is definitely not worth it. As mentioned in couple of posts, its also about the timeline. We are throwing a brand new asset and trying to compare it with legends who wander the earth since ages. :)

Brandnew?
 2009 to 2024 is an eternity in software terms.
Stocks I supose its 1611: when the first modern stock trading was created in Amsterdam.

The influence of crypto worldwide is still not like the use of gasoline that is used almost every where for engines and household applications. Even when it is compared to forex and the stock and shares market .
The influence of BTC or cryptocurrency could be seen in how it is being presented or infused into our every day life and as regards the topic or its logos being brought up for discussion in movie scenes and during domestic conversations within colleagues and friends.  Corporate bodies and agencies are also investing in it because it is by far most secure from hackers or banking services, it is most cheaper for heavy transactions with the P2p initiative, as compared to the high bank fees across borders one may have to pay for payments and transactions.

Upon how BTC performs after the ETF approval and halving, we might see more adoption worldwide with its value skyrocketing to an ATH than what it currently is. Now speak of influence in some coming months, and BTC would be first to be mentioned.

It is what it is because that's their business and principle. If we don't see the best out of them and are not inline with our opinion of what they should do in regard to crypto adoption, that's fine. What matters is that they're not against it and they're not trying to propose anything that can lead to Bitcoin's or all of the cryptos ban.

That's normal, we cant see that they're stable businesses and backed up by the government. And if the government stand is just equal and there's no need for any prohibition, as I've said, we have to grateful with it because unlike the other countries, they don't see anything that's valuable to Bitcoin and that's why they're not also optimistic about its adoption and the impact that it can do to their economies.

I hate to disappoint you but if you send off Crypto over exchanges you have a higher cost than using a bank wire.
Same with Bitcoin, easily you can get 50+ $ and more. Banking is cheaper many times, except for micro payments.

When the fake tweet came on the difference made was 600US$, that's between 13 and 14 %.
Not that big, it was in the beginning so not too much can be laid into it.

I think one of the problems is that many see cryptocurrency as a scam or as something that has no real value and that is an extreme risky asset to have. Every time I talk to my friends about it, they have this misconception, mainly created by the mainstream media and it is hard to change their minds.

the reason of such stereotype is because there are so many scammers out there trying to use the term cryptocurrency to fancy their scam and to lead peoplen into thinking that its revolutionary technology that they are trying to sell and while blockchain isn indeed revolutionary technology those scammers have nothing to do with blockchain at all, i've seen plenty that tries to sell so called the next bitcoin cryptocurrency and they are just using some random SQL database for keeping track of the coin movement not using blockchain at all, it misled people into thinking that all blockchain based product which is cryptocurrency is a scam while thats not true at all.
its just ridiculous.

Yeah that is true but with with the current situation where Bitcoin ETF was approved I think it will gain more adoption than it has before. I can see these hesitant individuals maybe having FOMO in the coming days if things going great with the approval. Let us just wait and observe.

Hopefully the news of the ETF approval is true and we'll just have to wait for the next good news, and I saw and also heard news on television, the internet and so on regarding the ETF approval. Because this decision will accelerate the adoption of Bitcoin, even without an ETF Bitcoin will continue to grow because as time goes by people who think negatively or misunderstand Bitcoin do not affect its popularity.
And in the end they realized their misunderstanding of Bitcoin, so I think those who don't respond and even judge Bitcoin negatively just ignore it because in the end they will regret it.

I give out the whitepaper that helps a lot to understand the root of Bitcoin and crypto.
The same friends complaining about fraud had a hard time resisting the millions and billions of OPM (Other People Money) it takes character to resist temptations.

Very well said.

Bitcoin’s decentralized feature allows a lot of us to be able to own bitcoin and transact with bitcoin without having to sacrifice our own privacy this feature hinders statistics to get an accurate read of how much people are there holding bitcoin i mean a lot of us probably would not admit having bitcoin in real life due to security reasons

Bitcoin has only been around for not even two decades but its development has come so far

We can definitely say that there are tens of millions of them, we can't know the exact number, but it's clear that the number is somewhere at 10+ million without a doubt, that much is known and sure. I feel like we need to focus on something that we could benefit from.

I get that we may not be all that great at what we do, but we need to be careful at what we can do, and in this case it means that we are a great big population that taken bitcoin from nothing to a trillion dollar marketcap, that is the power that we have among these people. So it's influential, it's definitely something that can influence enough people to make something go to a trillion dollar market cap, and that is definitely what the question was about as well.

Because there is a disadvantage or disadvantages of something does it mean it shouldn’t be used or created? Nothing is perfect. Fiat and banks weren’t perfect and that brought about the creation of Bitcoin which too isn’t perfect. There’s always a downside to everything, and Bitcoin isn’t an exemption. Many more scam cryptocurrency projects (which will give cryptocurrency bad name) will come but it should be expected because everyone can’t be good.

Lets get back on track.

I estimate between 20 and 40 million but I fear that that number is a digit too high already.

Be it as it may, the numbers are all worth applauding.


How would this work? In the case of your friends calling it a scam, I can bet that they do not have interest and simply puts that label on Bitcoin. How then do you get someone who doesn’t have interest to read the Bitcoin whitepaper? You can imagine how enormous it is and not as easy as an article. I think you may just need to point of solid points about Bitcoin for them, give them examples of the things that it has done. But in my thoughts, they wouldn’t want to read the whitepaper.

A friend of mine was sceptical but as he sent me some values over LTC he now sees it with different eyes.
In the end Crypto is innocent when it comes to guilt. Scams are perpetrated by humans.

It's hard to change their mind because they heard it on the mainstream media and there are still facts which are the mainstream media is saying sometimes. This makes them think that everything that they said are true. I guess there is nothing we can do about them if they won't listen to us because they think we are too small compared to the mainstream media.

Just let them regret later on, when they find out the truth about cryptos because by that time I'm sure that the value of cryptos are already high enough because there are still factors which can lift its price even if the adoption won't grow. One example would be the halving event.

Bitcoin can never outgrow those industries as it would require support from government and they won't until Bitcoin becomes centralized if it does then it would lose t essence and the reason why it was invented, I think more adoption is needed so that people can accept Bitcoin as payment system which is possible only when more people starts using it. Because if we don't have adoption you will be just transacting numbers and end user would not be able to utilize Bitcoin for any purpose

And this is something that more adoption can actually help with. It’s basic to know that the more adoption, the more people are talking about it. And when too many people are talking about something, the truth will always come out somehow. Or let’s assume that countries start accepting Bitcoin, the media will say good things because they’d see it as the government has validated it to be something worth venturing into.

Just talk about in regards to crypto we have, Fraud and cheat are the classificated denominations we have to get away from.
Crypto and therefore Bitcoin have become synonyms for trading. Definitely not that good 

back to human characteristics in general, where when you see successful people you certainly want to imitate them. What I mean by this is that when the bullish season comes, there will be many stories of successful people from cryptocurrency, this will be interesting news for bitcoin adoption, where many people will learn about it and want to be successful like the stories they hear. but this is like a double-edged sword, because there are many stories of people like this actually failing, until they end up reporting fraud on cryptocurrency

We get to see some kind of cleaned record fairytale.
How well do you know Elon Musk?

people believe to know and instead of running to church where their beliefs belong, they assume too much.

That is true, but people should be careful about not following that up until the bear season starts. Too many people see that and try to imitate what they see and when we are on the bull run they may actually do it, which makes them feel better and that's understandable, but we are talking about a situation at bull market.

If you see people who made a lot of money during the bull, and you try to imitate it during the bear or start of the bear, then you are going to end up losing a lot of money. This is why you should not be trying to make the same, it is just not going to help you and it is going to end up having terrible reasons for you. I would highly suggest not trying to look at others and try to do the same thing, it is just not that possible.

That desire to imitate the results gotten by others is what gets many people in trouble, because by the time they want to do this the market is already at the top or close to the top, so they choose the worst possible moment to try to invest in this market or any market and they accumulate severe losses in a short time span, and once they realize this happened they begin to blame everyone for their losses, when it was their irresponsible behavior that caused them to lose so much money so quickly.

Technology has made the world a smaller place and feel more cramped. Technological advances have bombarded people in various countries with too many choices. Let's take an example, Smartphones have become a necessity for every individual to contact and even see people all over the world. Bitcoin has also brought major changes in the financial system, Bitcoin technology is very revolutionary, because it can move finance and other business applications into the technological era.

With Bitcoin you can send money to various parts of the world anytime and anywhere without having to use the services of third parties such as banks or other institutions. As public trust in government continues to decline, Bitcoin which is not tied to any government or political system will likely continue to play a growing role in the global financial system.

I feel like it's not as influential as it is right now and seeing that even with I perceived to be a small amount of influence that crypto is still increasing in value by day makes me full of hope that the more people getting into crypto then the more the price will increase and this is probably a start yet and we're not yet at what many thinks is the true peak of crypto so if that doesn't say anything about the potential of crypto then I don't know what others are waiting for.

If you compare Cryptocurrency with other companies then I will say that Cryptocurrency influencer has progressed at the fastest pace in the world because Cryptocurrency is not very old, it is 14 years old which is familiar to people but the other companies that you have given are very old Cryptocurrency is still new to many people.  So when this cryptocurrency gets old, you can see that its influencer has become much more than other companies.

Right? Tech stuff has really shrunk the world, giving us tons of choices. Smartphones make chatting with people worldwide a breeze, and Bitcoin it's like money without the middleman because no banks needed. We just all need to do our research to expand our knowledge as to what kore it can offer.

14 Years in IT is quite old.
The cryptospace is much smaller than most people think.
Its more like a wake up call. :)

Crypto is currently growing rapidly throughout the world, the economy generated from trading, investment in the crypto market shows the highest level compared to other investment products, Crypto has become a real choice for people around the world now, this happens in all aspects of the world.

As I've read, impact Impact of Cryptocurrency on Global Economy and Its Influence... (https://link.springer.com/chapter/10.1007/978-981-99-1909-3_38), This shows that the percentage of crypto's seriousness towards the world has the highest level, felt since 2017, this shows that crypto is the best product that the world currently has.

While crypto gets highly influential to people, a lot of scammers on the side are also taking the advantage to deceive people and use crypto as their tool of scamming, and here comes the innocent people with high greed to earn an income, eventually they bite the scammers strategy without having DYOR and studying the consequences of their decisions.

There’s no stopping crypto anymore as it’s now staying for good, and with promotion and the growing usage of crypto all over the universe, crypto will become mainstream few years from now and we will see bitcoin working hand in hand with fiat, that is when the government has completely accepted crypto as a reliable currency.

Smartphones have transformed global communication with a tap. Bitcoin, the digital herald of finance, is changing economic engagement. The money represents financial democratization. Bitcoin empowers individuals by bypassing established banking systems, providing a financial lifeline without geographical or governmental limits

We must admit that power brings responsibility. Bitcoin's independence from government scrutiny is its greatest asset and challenge. Users must be tech-savvy and responsible. Do not worry! Progress empowers people financially. Bitcoin represents financial independence in a world when faith in established institutions is eroding

hahahaha
Hilarious the ingenuity, 40% of smartphone users (number drawn out my cap) cannot set up their Smartphone or save money for that matter,

Smart Phones have done something to humanity, made it dumber than 50 Years ago. 70 Years ago people were taught (in Car manuals) how to adjust valves, 2020 they were advised not to drink battery fluids.

That’s just how biased the parameter to the statistics is based. It’s capped at the price of what’s it’s done without taking cognizance of the time it has taken to archive those life long prices.

In the shortest time, crypto have done just what could have been deemed impossible under normal circumstances and that’s why, most of those gigs from the traditional means of running a business doesn’t see it for an investment that would persist and stand the test of time. Many look at it like an inflated balloon that is bound to burst some day.

Still, crypto has pushed for a lot of development and a shift for better in finance of recent times.

This is already in the quite old category and at the age of sixty most people are no longer productive because talking about health is quite disturbed and not as normal as usual. If you look at the development of bitcoin, it's probably only been 14 years and if we go back, their age at that time was 46, so a person's level of productivity is above the age of 35 to 46. It's interesting to see what the initial process was with purchasing the bitcoin they bought and I don't think it's completely owned by the individual because it could be that the company owner tries to buy and keep it.

As time goes by this has changed where previously bitcoin had no value when it was launched, today bitcoin is one of the best in the cryptocurrency industry. I agree with you that comparing the industry at launch versus over time will be quite different. Because the process will definitely reveal new stories and every day we see adoption continuing to occur everywhere.

Cryptocurrency is very popular and it has our performed so stocks that had been on existence for a very long time. Maybe in few years coming, cryptocurrency might be valued more that 3 trillion dollars by the time the price of Bitcoin reaches $200k.

No one should underestimate the crypto market currently because the market is going becoming bigger and bigger day by day looking at how things are going currently. There was a time when the price of Bitcoin was $1, it went far as $7 and before we know it the price starts skyrocketing to what it is now. We should be prepared for the bull always because some persons are going to ask themselves questions why they never took investing very seriously.

Popular it might be, but very popular would mean it's a mainstream asset, which is it not, what we have seen is a derivative at best.
Too many people believe Crypto is synonymous to trading, which is wrong. 

Actually I quite agree with what Upgrade00 said in this case because after all if we really want about comparison then when crypto is compared to what you put in the list where some large companies are already very prosperous it is a ridiculous situation and cannot be used as a reference and this also will not make an answer to how influential Crypto is today because we know that something like this if you look at the data provided then of course this could be valid and it could be possible that its validity is questioned.
However, it's all about perspective and when you consider that a decade-old bitcoin is already getting 10 per cent of a 2 century old Chevron, isn't that a good start?

You are right, crypto cannot be compared with some of these companies because the crypto market is 14 years old but those companies have been operating for decades, but think that bitcoin has grown significantly compared to some of those companies listed, but if you compare perspective from market cap then bitcoin has listed no 3 in that list of companies and however bitcoin's growth achievements have received recognition from several world company CEOs, so there is no need to argue the idea of comparing bitcoin and world companies because there are too many differences in both types, but I am sure every CEO has unpublished crypto assets

Certainly is, no doubt, Realism does not deny deeds. Only Absolutism denies those. Bitcoin is being accepted as a factor in the ever growing $ monarchies worldwide.

For the common man it's again too late to get a meaning full bag of sats. The times where sats were distributed in a meaningful amount are over.

Depends on the nation a bit, some are a bit more influential, some are not so influential, so you need to talk about the nation. Like for example, can we argue how influential it is at El Salvador? We all know that it's a big deal there, it's unbelievable that they were the ones that got the first legal tender, central Africa has that too now I believe, so there are nations with a lot of influence.

However, some are not so much, like China for example, they like it one day, they ban it the other day, it's not really clear what they think about crypto, we do not really know it full on well. Basically, it changes from nation to nation and I believe that the overall influence of bitcoin is getting bigger and bigger every single day.

Yes that is true too.
In the case of San Salvador I think they'd be better off with a faster coin and not as tied to value.
For simple folks a coin losing value is bad, And losing half or 30% is bad i the short run.

Cryptocurrency has become a topic of conversation among many people around the world, there are even many people who use it for transactions, even though government regulations in many countries are still gray regarding cryptocurrencies.
Before cryptocurrencies boomed, we never saw many crypto-related businesses popping up such as exchanges and others, this also made me see that cryptocurrencies have really influenced the world economy.
Adoption of cryptocurrencies will not necessarily cause prices to increase because there are many crypto assets being traded, but the adoption of bitcoin can make the popularity of cryptocurrencies increase sharply.

Define many if you could.
20, 200. 2000, 20.000.000 or more? 

China is always trying to curb with cryptocurrency so that it does not get to a limit where there would be much citizens dumpling there local currency for Bitcoin. This is also done in many countries although the reasons was not yet know but that must be been past of the reasons. That is one of the reasons why some countries have to ask holders and traders to pay more on tax compared to what people are paying when they are holding local currency. Cryptocurrency is gaining more popularity and soon many would want to invest in Bitcoin because they feel it is the only option to escape poor or start a better investment.

You can have millions of $ worth on a pendrive.
That beats most other value storages,