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Question: What percentage of people on Earth will own Bitcoin by 2020
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October 17, 2016, 06:47:20 PM
 #441

To be exact, Bitcoin started very large and efficient which enabled them to grow as fast as they did.

Contrary to popular belief BTC was easy to hear about, but was well hidden and reserved to miners who built up excessive value in the criminal underworld.

I remember you could only buy prepaid game cards at Bitcoin exclusive stores. Once hype built up around the time alt-coins came out it became more mainstream.

Bitcoin is run by normal people and institutions rather than it's secret past, so for a number 7% of people own or have created an active wallet. In 2020 the number will surely rise, but if extended it still would as well.

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October 18, 2016, 02:33:32 AM
 #442

According to answer by some members here i saw that its more vote in 22% of users of bitcoin in earth are using bitcoin..
I think 10% of the population of the earth are using bitcoin.

10 percent is possible. To think that 2020 is four years from now, I am optimistic that we can reach that percentage. If not, its nearing to that number as we know, more and more sites are offering bitcoin and even big companies are adopting it.
You are too optimistic, imagine what would be the price then. If that will happen then I will be a millionaire at an early age. I believe it would not because that is just four years and the adoption rate is not that fast.

If 10% of the world populartion own bitcoin. That is 700 million people. Each can own only 0.03 bitcoin. If that 0.03 bitcoin is 1000 dollar, that is 30,000 each.

I don't think that it is going to happen that the 10% of worlds population will able to use bitcoin and adopt on 2020.

For the possible number would be 1%-5% only but if the big companies who are being used by majority people are going to endorse and adopt bitcoin.

Then that is going to be possible to 8%.
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October 18, 2016, 05:16:35 AM
 #443

According to answer by some members here i saw that its more vote in 22% of users of bitcoin in earth are using bitcoin..
I think 10% of the population of the earth are using bitcoin.

10 percent is possible. To think that 2020 is four years from now, I am optimistic that we can reach that percentage. If not, its nearing to that number as we know, more and more sites are offering bitcoin and even big companies are adopting it.
You are too optimistic, imagine what would be the price then. If that will happen then I will be a millionaire at an early age. I believe it would not because that is just four years and the adoption rate is not that fast.

If 10% of the world populartion own bitcoin. That is 700 million people. Each can own only 0.03 bitcoin. If that 0.03 bitcoin is 1000 dollar, that is 30,000 each.

I don't think that it is going to happen that the 10% of worlds population will able to use bitcoin and adopt on 2020.

For the possible number would be 1%-5% only but if the big companies who are being used by majority people are going to endorse and adopt bitcoin.

Then that is going to be possible to 8%.
I actually do not believe we are that big as a total users of bitcoin, however if time will surprise us that it will increase that fast I would not complain because I want to question the growth, instead I will just be happy that the price have increase and my investment will profit.

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October 18, 2016, 05:23:14 AM
 #444

2% of the total world population = 148000000
I think somewhere around 0-2%.

60% of the world does not have internet access as of 2016, let alone cryptocurrencies.


So, I guess the total number of Bitcoin users will be somewhere between 0 and 148000000 Smiley

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October 18, 2016, 07:53:34 AM
 #445

2% of the total world population = 148000000
I think somewhere around 0-2%.

60% of the world does not have internet access as of 2016, let alone cryptocurrencies.


So, I guess the total number of Bitcoin users will be somewhere between 0 and 148000000 Smiley
That means users of bitcoin compared to the total population is not really that big, we might increase in a yearly basis but we cannot reach the time that everyone will use bitcoin not even in the future.

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October 19, 2016, 07:53:34 AM
 #446

2% of the total world population = 148000000
I think somewhere around 0-2%.

60% of the world does not have internet access as of 2016, let alone cryptocurrencies.


So, I guess the total number of Bitcoin users will be somewhere between 0 and 148000000 Smiley
That means users of bitcoin compared to the total population is not really that big, we might increase in a yearly basis but we cannot reach the time that everyone will use bitcoin not even in the future.

We just need 10% of the world population to use the bitcoin for its market cap to be simlar to the US dollar.

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October 19, 2016, 08:16:26 AM
 #447

Almost 5-10% of the people will get into the bitcoin as well other digital currency usage and around 20-25% of the population gets aware about the existence of digital currency which at present scenario is very low.

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October 25, 2016, 04:58:12 PM
 #448

2% of the total world population = 148000000
I think somewhere around 0-2%.

60% of the world does not have internet access as of 2016, let alone cryptocurrencies.


So, I guess the total number of Bitcoin users will be somewhere between 0 and 148000000 Smiley
That means users of bitcoin compared to the total population is not really that big, we might increase in a yearly basis but we cannot reach the time that everyone will use bitcoin not even in the future.

We just need 10% of the world population to use the bitcoin for its market cap to be simlar to the US dollar.

That is right. With 10% of the world populartion owning the bitcoin, that will make it worth at least $100,000 each.

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October 26, 2016, 03:58:33 AM
 #449

2% of the total world population = 148000000
I think somewhere around 0-2%.

60% of the world does not have internet access as of 2016, let alone cryptocurrencies.


So, I guess the total number of Bitcoin users will be somewhere between 0 and 148000000 Smiley
That means users of bitcoin compared to the total population is not really that big, we might increase in a yearly basis but we cannot reach the time that everyone will use bitcoin not even in the future.

We just need 10% of the world population to use the bitcoin for its market cap to be simlar to the US dollar.

That is right. With 10% of the world populartion owning the bitcoin, that will make it worth at least $100,000 each.
And the big question is, when is that going to happen?

I think we are still 1% of the total world population now and it will be a long waif before we can achieve that level. But you know what? I am willing to wait as long as that will be realize, as I will be collecting profits from my investment (long term).

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October 26, 2016, 06:09:04 AM
 #450

Maybe the pertage of people on earth will own bitcoin by 2020 is 30% because we know that many people can afford to buy gadgets and many poor are not using internet so in 2020 are not many people use bitcoin in that year so dont expect much that all people can use bitcoin.

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October 26, 2016, 06:37:12 AM
 #451

Maybe the pertage of people on earth will own bitcoin by 2020 is 30% because we know that many people can afford to buy gadgets and many poor are not using internet so in 2020 are not many people use bitcoin in that year so dont expect much that all people can use bitcoin.
I hope you are right because the moment the population of bitcoin adopters will increase the more our investments will grow but that is too unrealistic and from 1%, we cannot grow that fast.. But who knows, nothing is impossible in this world, hope you are right again.



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October 26, 2016, 07:30:57 AM
 #452

By 2020, I think it bitcoin users all over the world would not even reach 6% of the world's population. At the current rate of new sign ups and new people introduced to bitcoin everyday, only 2-5% of the world's population will use bitcoin by that time since there aren't that much ads that promotes bitcoin on television. It is also possible to go higher than that though depending on everyone's interest on bitcoin.
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October 26, 2016, 08:04:52 AM
 #453

By 2020, I think it bitcoin users all over the world would not even reach 6% of the world's population. At the current rate of new sign ups and new people introduced to bitcoin everyday, only 2-5% of the world's population will use bitcoin by that time since there aren't that much ads that promotes bitcoin on television. It is also possible to go higher than that though depending on everyone's interest on bitcoin.
Good projection, at least we have to increase so the price will also soar, although we cannot really determine the total number of users but we can feel it, and what I feel now is that we are increasing constantly and that is a good sign for success.

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J Gambler
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October 26, 2016, 08:07:39 AM
 #454

20-30 percent of people who already knew about bitcoin in that year if the bitcoin still alive and still kicking ass i trust bitcoin and hoping in the next generation bitcoin will more than we are expecting and let our child use this bitcoin too and teaching them what to do so in this bitcoin



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jondeen707
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October 26, 2016, 09:21:00 AM
 #455

By 2020, I think it bitcoin users all over the world would not even reach 6% of the world's population. At the current rate of new sign ups and new people introduced to bitcoin everyday, only 2-5% of the world's population will use bitcoin by that time since there aren't that much ads that promotes bitcoin on television. It is also possible to go higher than that though depending on everyone's interest on bitcoin.
Good projection, at least we have to increase so the price will also soar, although we cannot really determine the total number of users but we can feel it, and what I feel now is that we are increasing constantly and that is a good sign for success.

You're right, it's all guesswork, but even if 1% of the global population will be using bitcoin by 2020, that would be a massive achievement and it's price is destined to grow if not soar in that case. Anyway, we'll see what happens as such impressive growth won't happen overnight anyway.
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October 26, 2016, 09:44:49 AM
 #456

First of all, there is still no data that accurately gives the number of actual bitcoin users, hence it would be hard to come up even with a modest projection if there's no base number. But I guess bitcoin has still a long way to go in terms of number of users because it is clear that bitcoin is not anywhere near the realm of consciousness of the masses. It would be a welcome surprise if bitcoin becomes a common digital currency a few years from now that serves even a fraction of the world's population.
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October 26, 2016, 11:22:55 AM
 #457

First of all, there is still no data that accurately gives the number of actual bitcoin users, hence it would be hard to come up even with a modest projection if there's no base number. But I guess bitcoin has still a long way to go in terms of number of users because it is clear that bitcoin is not anywhere near the realm of consciousness of the masses. It would be a welcome surprise if bitcoin becomes a common digital currency a few years from now that serves even a fraction of the world's population.
You're right, 14 years i think is too a short a time for people to get used to something they're not accustomed to. Highly possible though that bitcoin would have a considerable increase in awareness then. People will know more about bitcoin but the use is not  going to be that much yet

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October 26, 2016, 12:28:43 PM
 #458

First of all, there is still no data that accurately gives the number of actual bitcoin users, hence it would be hard to come up even with a modest projection if there's no base number. But I guess bitcoin has still a long way to go in terms of number of users because it is clear that bitcoin is not anywhere near the realm of consciousness of the masses. It would be a welcome surprise if bitcoin becomes a common digital currency a few years from now that serves even a fraction of the world's population.
Yup there are no accurate data that can give us the full number of people who really using now in the world and its really hard to us to compute how much them now are using and then not using not just because of bitcoin wallet we can determine them how about those people who uses multi bitcoin address right? but in the near future why not and count the real population of bitcoin users.



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error08
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October 26, 2016, 03:14:12 PM
 #459

2020 will come in 4 years later, it suppose to be  5-10% population of the world are using bitcoin. That's big numbers for people adopt bitcoin seeing it growth every month and more people invest in it. Well, it just speculation, we can't sure of it because to many variables that could affect bitcoin. Population of the world now around 7,5 billion >> 5-10% means 375-750 million people, it's about all of people in Europe using bitcoin. I think it not impossible since the most population in China and also the biggest transaction of bitcoin there.
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October 26, 2016, 04:48:07 PM
 #460

2020 will come in 4 years later, it suppose to be  5-10% population of the world are using bitcoin. That's big numbers for people adopt bitcoin seeing it growth every month and more people invest in it. Well, it just speculation, we can't sure of it because to many variables that could affect bitcoin. Population of the world now around 7,5 billion >> 5-10% means 375-750 million people, it's about all of people in Europe using bitcoin. I think it not impossible since the most population in China and also the biggest transaction of bitcoin there.

That's overly optimistic. Bitcoin won't grow that fast, because the infrastructure is not yet ready to support this. Another huge problem is the lack an easy way to buy the currency. Maybe I'm overly pessimistic but I would consider anything around 1% a huge success. However in case we enter a fiat currency crisis with huge inflation for USD / EUR, Bitcoin adoption might occur much faster.

Still, Bitcoin adoption in the emerging markets remains a big question. My estimation could be entirely wrong if India and China see increased adoption, because these two countries alone have 2.5 Billion people. Out of the two, I would consider India a first mover, because they have a less oppressive form of government that is also encouraging technological growth.

ya.ya.yo!
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