Willy Woo, a highly regarded Bitcoin and cryptocurrency researcher, utilizing Google Trends as one of the main indicators of Bitcoin user growth recently revealed that the number of Bitcoin users approximately doubles every 12 months.
With a fixed block size, this implies the number of transactions per user halves every 12 months!
Woo noted in his report that 26 years from now, if the user base of Bitcoin continues to grow at this pace, nearly everyone in the world will use Bitcoin.
So based on this statement, in 26 years we'll have 2^26=67 million times more users. Earth has
7.6 billion people. This statement would put the current number of Bitcoin users at 113, so unless we're all own 10,000 accounts on this forum, you're wrong!
But Willy Woo didn't say this,
cryptocoinsnews made this up. The
source article shows:
There’s expected to be 10 billion people on this planet. If we take 10 million as the active user count of Bitcoin today, there’s 1000x of growth to go. That would take 10 years to get 100%. But in the real world all adoption curves follow an S.
That's where the 26 years comes from, a slowing S-curve instead of continuing at the same pace for eternity. As long as the number of users grows exponentially, the price will keep climbing at a high rate too. It'll be interesting to see what happens to the price when the number of users can't grow exponentially anymore.
Assuming every person on earth uses Bitcoin, that means there's less than 0.003
BTC per person! The price will be insane if that happens. If you add the effect of the 1% that owns 99%, the majority of users will own less than 3000 Satoshi.