IS CRYPTOCURRENCY BECOMING BORING???

[BRINIRHA]

At least in my country, crypto users continue to grow quite rapidly. Slowdowns will always occur at some point, just as markets are sometimes bullish and sometimes bearish. But what we should pay attention to most is that sooner or later, we're seeing continued growth.

And based on sources I've read, there hasn't been any slowdown in this growth at all until last year. In 2023, there were around 420 million users. And in 2024, there was a jump to 562 million. Remember, 562 million represents around 6.8% of the world's population. And I think this is quite a significant step forward.

At least based on the data I've seen in the sources I've read, there's been an increase of over 100 million users from 2023 to 2024. I don't know the data for this year yet. I'll wait until the end of this year.

However, there's one thing that surprised me about the 2024 global distribution of cryptocurrency ownership data. I didn't expect the United Arab Emirates to have such a large number of crypto owners, almost 25.3% of the total population.

From the image you showed, I was more surprised to see Malaysia with 14.3% and Indonesia with only 13.9%. I had always thought that Indonesia had a higher percentage. But it turns out that's not true. As for the United Arab Emirates, I don't find it too surprising. They have shown considerable enthusiasm for several years now. In fact, I forgot the name of a hotel in that country that also accepts payments in cryptocurrency or bitcoin.
And remember that a Crypto Tower will be built in Dubai. Doesn't that show how serious their enthusiasm for cryptocurrency is? 

Sourch about Crypto Tower: https://coinvestasi.com/berita/dubai-bangun-crypto-tower-pertama-target-rampung-2027

[SquirrelJulietGarden]

I didn't expect the United Arab Emirates to have such a large number of crypto owners, almost 25.3% of the total population

As for the United Arab Emirates, I don't find it too surprising. They have shown considerable enthusiasm for several years now. In fact, I forgot the name of a hotel in that country that also accepts payments in cryptocurrency or bitcoin.
And remember that a Crypto Tower will be built in Dubai. Doesn't that show how serious their enthusiasm for cryptocurrency is? 

UAE in particular and the Middle East region in general, are very cryptocurrency friendly. They are very opened for blockchain and cryptocurrency industry as well as have very good tax policy on the rich, the foreigners who bring their money to Middle East.

It's easy to know that if you are actively on X, and follow cryptocurrency billionaires who have the Middle East region as their favorite destination for migration from their homelands.

New crypto capital of Mideast? UAE sees $34 billion boom in crypto use.
UAE Emerges as Top Favourite Destination for Global Investors in Crypto.

[martinex]

Finally someone had hit the issue and it is very correct. At this point in time it's difficult for an investor to not get bored seeing the current situation of the market and well that's just where it gets interesting because as an investor, your abilities are tested with days like this and it's only when you have a strong mindset and will that you'll benefit of it. Personally I believe Bitcoin is definitely going to make on hell of a rise and I also know some other investors are very much aware of this fact even though the current price is down.

The fact even though the current price is down. That right OP

And it makes no sense for BTC to continue its relentless rise. Even gold, when it was at $4,300, was considered strange and a correction was inevitable. Indeed, after the hype at its highest point, the dump began and corrected. BTC's movement also always requires a correction if it seems high after its recent ATH of $125,686.

Don't say that if BTC rises, those who hold it can buy a Lamborghini, and if it falls to the bottom, it will return to being a McDonald's payment method—that would be very strange. In my opinion, BTC is still performing quite well, worthy of long-term investment and recognition. The important thing is not to act strangely when we see something we don't fully understand.

[sleepfirefly]

From the year 2016 to 2021, there was a really amazing rise in the number of users who got themselves verified on the digital space to be part of the dynamics and it was really impressive not until 2022 came and did even greater wonders. Achieving almost the same number of verified users as 2016-2021 did.
https://talkimg.com/images/2025/11/15/UPT6RJ.jpeg

the data is from identity-verified users we are in crypto space where privacy is widely prioritized so i do not believe that these numbers are the only users in the crypto and therefore i am not at all worried it can just be that more people have found ways to use and hold bitcoin without having to succumb into kyc which is what we want anyway because this was the goal for everyone to understand the importance of protecting our privacy

i do not see the association between these numbers and crypto becoming "boring" its volatility never makes it boring or easily predictable

[davis196]

What do you mean by "boring"? In the world of finance, the term "boring" can mean something stable and reliable. I think that Bitcoin is somewhat stable and reliable(despite the price volatility). Is there something in the crypto industry, which can be considered the opposite of "boring"? DeFi, memecoins, NFTs and all sorts of "shiny objects"? We don't need such non-boring "shiny objects" in the crypto world, because those crypto projects don't bring any long term value to anyone. The total amount of verified crypto users doesn't grow in such a rapid scale like it used to, but this is quite normal. Growth levels are usually slowing down over time, this applies to the entire economy.

[michellee]

Bitcoin needs more time to grow. That is what we should think. But even if cryptocurrency becomes boring for some people, strong-handed investors will not say so. They believe Bitcoin will rise and continue accumulating it. Those people don't care about the drops price because that is not their concern now.

They know the market can drop after reaching its highest. So they wait for the correction to come so they can buy at discounts and keep hodling.

I don't think that is the real number of Bitcoin users. We never know who the investors are because they will keep silent and don't disclose their Bitcoin investment. With the popularity of Bitcoin, it is better to keep our Bitcoin investment secret and stay under the radar.

[john_egbert]

What do you mean by "boring"? In the world of finance, the term "boring" can mean something stable and reliable. I think that Bitcoin is somewhat stable and reliable(despite the price volatility). Is there something in the crypto industry, which can be considered the opposite of "boring"? DeFi, memecoins, NFTs and all sorts of "shiny objects"? We don't need such non-boring "shiny objects" in the crypto world, because those crypto projects don't bring any long term value to anyone. The total amount of verified crypto users doesn't grow in such a rapid scale like it used to, but this is quite normal. Growth levels are usually slowing down over time, this applies to the entire economy.

Better be boring than not to be at all in a month or so, like said coins.

[El_Tammy]

From the year 2016 to 2021, there was a really amazing rise in the number of users who got themselves verified on the digital space to be part of the dynamics and it was really impressive not until 2022 came and did even greater wonders. Achieving almost the same number of verified users as 2016-2021 did.

the data is from identity-verified users we are in crypto space where privacy is widely prioritized so i do not believe that these numbers are the only users in the crypto and therefore i am not at all worried it can just be that more people have found ways to use and hold bitcoin without having to succumb into kyc which is what we want anyway because this was the goal for everyone to understand the importance of protecting our privacy

i do not see the association between these numbers and crypto becoming "boring" its volatility never makes it boring or easily predictable

I think you have made a very crucial point there, seeing how investors are highly in the search for ways to bypass the verification of kyc
 They see it have not needed because in the place and t time and moment, they have sold out their privacy using their own hands. Every Nigerian knows the importance of kyc and how crucial informations of an individual are contained in it. Therefore, maybe these investors no longer register and verify with the kyc

[El_Tammy]

From the year 2016 to 2021, there was a really amazing rise in the number of users who got themselves verified on the digital space to be part of the dynamics and it was really impressive not until 2022 came and did even greater wonders. Achieving almost the same number of verified users as 2016-2021 did.

the data is from identity-verified users we are in crypto space where privacy is widely prioritized so i do not believe that these numbers are the only users in the crypto and therefore i am not at all worried it can just be that more people have found ways to use and hold bitcoin without having to succumb into kyc which is what we want anyway because this was the goal for everyone to understand the importance of protecting our privacy

i do not see the association between these numbers and crypto becoming "boring" its volatility never makes it boring or easily predictable

I think you have made a very crucial point there, seeing how investors are highly in the search for ways to bypass the verification of kyc
 They see it have not needed because in the place and t time and moment, they have sold out their privacy using their own hands. Every Nigerian knows the importance of kyc and how crucial informations of an individual are contained in it. Therefore, maybe these investors no longer register and verify with the kyc

However, we should not forget that just a little number of wallets can be used without kyc verification these days and as a result of that, if we are to say the truth then it will be that there really is a reduction in the rate of new users in the Bitcoin or cryptocurrency world. We should just call a spade a spade and not try to cover up the lapses. The simple truth is as we know, the rate of new users is massively reducing. It doesn't mean people are not longer into it but the numbers of new people are reducing.

[fikrett]

^ And the data wouldn't be full anyway, we just can see that the interest to regulation is higher

[Satofan44]

Cryptocurrency is not boring, your brain has been exhausted from an over-consumption of content and because of that you always need something to be happening or you start feeling ill. You are like most humans, a classic NPC of the modern age. Your brain is half burnt and you can't see the reality clearly anymore. You shall not earn any merit for a thread like this.

A system that had over 200 million users verified to space within a year can't even gather 100 million of users in the space of two complete years. If this continues just the way it is, then I do not think the future will really want to have much to do with cryptocurrency. And I pray we don't see Cryptocurrency lose it's love and trend at the end.

This data is useless, it is entirely meaningless since you have no idea what is going on. You have no clue how many of these verification are done for money laundering and privacy, and others have been done for farming stupid airdrops and whatnot. With this we would dismiss at least half of those registrations if not more. The only thing that really matters are people who are really holding a substantial amount of Bitcoin. The number is significantly lower than what is indicated here.

I think the initial gold-rush is over for crypto-currency but I may be very mistaken. I doubt there will be any more 500x for Bitcoin in the timespan of a few years but that does not mean that it will stop going up...

For shitcoins? Absolutely. Most of those projects are marketing scams or outright scams such as rugs, that is why many people who were rushing to join crypto in the last cycle are staying away. They got scammed by various bullshit that is going on in this space. Furthermore, the economic situation has deteriorated everywhere since then and people are too poor and too distracted to get back in.

I think we will see Bitcoin reaching 1 Million in less than a decade. So that is 10x. Not as impressive as 1000x but still quite profitable. Far more than any other investment, aside from unicorn stock or something.

The price in fiat is ultimately irrelevant. The purpose of Bitcoin is to provide a path to freedom and it will continue to do so, the purpose of "cryptocurrency" is to scam people out of their money.

^ And the data wouldn't be full anyway, we just can see that the interest to regulation is higher

The data here is useless, it does not represent what it claims and it can't be used to draw any conclusions. It is usually the most uninformed idiots that come here with such things. Someone who does not even know how much a KYC verified account costs should not talk about these matters and using the topic to make claims.