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Question: What percentage of people on Earth will own Bitcoin by 2020
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michkima
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November 22, 2016, 02:22:13 PM
 #501

I guess by that time if we continue to improve the popularity of Bitcoin, we can expect to have 60% of people to hold Bitcoin. But if the governments would produce their own cryptocurrency this would result to a great decline in Bitcoin and the number of people holding Bitcoin will drop enourmously. I do hope we reach a point where Bitcoin or a cryptocurrency would be the main payment method.

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November 22, 2016, 02:25:08 PM
 #502

Even 1% people on Earth own bitcoin by 2020 is big step for bitcoin and it means most people already hear/know bitcoin by then.
Maybe the percentage could be higher if something crazy happens such as most big company/services (such as amazon, google and apple) accept bitcoin or economic crisis which force people to safe their money.

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November 22, 2016, 04:34:34 PM
 #503

I guess by that time if we continue to improve the popularity of Bitcoin, we can expect to have 60% of people to hold Bitcoin. But if the governments would produce their own cryptocurrency this would result to a great decline in Bitcoin and the number of people holding Bitcoin will drop enourmously. I do hope we reach a point where Bitcoin or a cryptocurrency would be the main payment method.
The people that would migrate from using bitcoin into using the government's cryptocurrency are those people that never actually understand the whole point of bitcoin. Bitcoin was meant to avoid the disadvantages that we get by using the government's currency, namely, fiat. The government cryptocurrency will surely have tax, something that we all don't want. The majority of bitcoin users are aware of those facts and that means there wouldn't be an enormous movement that will happen.

Also, your money in Paypal, or any digital currency in USD form can already be considered as government's cryptocurrency because it's fiat just in digital form.
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November 22, 2016, 04:45:08 PM
 #504

Even 1% people on Earth own bitcoin by 2020 is big step for bitcoin and it means most people already hear/know bitcoin by then.
Maybe the percentage could be higher if something crazy happens such as most big company/services (such as amazon, google and apple) accept bitcoin or economic crisis which force people to safe their money.
I think a higher percentage of people will be using Bitcoin. In reality, I believe that at the present time many people are already aware of Bitcoin, but many do not have enough incentive to use it, since there is a small number of places to spend it. But gradually things are changing, and in 2022 this will certainly be different.

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November 22, 2016, 05:04:12 PM
 #505

Some country forbid bitcoin usage since they afraid that bitcoin can be use for terorism activity or other money laundry.
I can say , there still a less than 1% / 2%. But still it's not impossible for making all people know bitcoin , if we keep shouting bitcoin power everyday , one day people will interest bitcoin more often

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November 22, 2016, 05:11:23 PM
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My reply is "Who knows?!"  Grin Because I really can reply on such kind of question. For me there are three cases of this. The first one is the case of bitcoin will continue to grow and get more popular and useful. In this case by 2020 year around 80-90% of people can move on using bitcoin. The second is that bitcoin will be ruined with couple of hacking attacts and people will be afraid to invest in this and it will provoke to price go down. So to 2020 year it will stay only 2% of the most strongest believers. And the third is that nothing will change too big to 2020 year and the number of users will change a little with today's number, change in positive way.

   
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November 22, 2016, 07:25:52 PM
 #507

It's hard to estimate cuz I don't even know how many percent it is today....

but I kinda wonder what the price would be if it's 100%...

100% would probably mean war on banks govs and 1 btc = 1 btc.  Everyone needs internet first.  Maybe in 20 years this could happen, it wont be pretty though.


     
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November 23, 2016, 01:43:16 AM
 #508

It's hard to estimate cuz I don't even know how many percent it is today....

but I kinda wonder what the price would be if it's 100%...

100% would probably mean war on banks govs and 1 btc = 1 btc.  Everyone needs internet first.  Maybe in 20 years this could happen, it wont be pretty though.
It's going to be a war and it will not happen, government will always win as they regulate things and we abide the laws.



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November 23, 2016, 08:10:20 AM
 #509

My reply is "Who knows?!"  Grin Because I really can reply on such kind of question. For me there are three cases of this. The first one is the case of bitcoin will continue to grow and get more popular and useful. In this case by 2020 year around 80-90% of people can move on using bitcoin. The second is that bitcoin will be ruined with couple of hacking attacts and people will be afraid to invest in this and it will provoke to price go down. So to 2020 year it will stay only 2% of the most strongest believers. And the third is that nothing will change too big to 2020 year and the number of users will change a little with today's number, change in positive way.
Yeah we didn't easily predict that bitcoin used 80 - 90 percent of population in Earth.We can spread bitcoin but its hard to get that population percentage that bitcoin will used.

                       
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November 23, 2016, 11:12:18 AM
 #510

Even 1% people on Earth own bitcoin by 2020 is big step for bitcoin and it means most people already hear/know bitcoin by then.
Maybe the percentage could be higher if something crazy happens such as most big company/services (such as amazon, google and apple) accept bitcoin or economic crisis which force people to safe their money.

Actually, Its really hard to predict if how many percentage of people on earth owns bitcoins. the innovation and popularity of bitcoins cannot be stop, The continuous price increase of bitcoins are making noise, more and more people are getting interested with bitcoins. and even in the remote areas, internet are very accessible, anyone can study and can use bitcoins. By 2020 i think its about 60-70 percent of population will use bitcoins. By that time, Bitcoins are totally expose.

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November 23, 2016, 11:40:37 AM
 #511

Even 1% people on Earth own bitcoin by 2020 is big step for bitcoin and it means most people already hear/know bitcoin by then.
Maybe the percentage could be higher if something crazy happens such as most big company/services (such as amazon, google and apple) accept bitcoin or economic crisis which force people to safe their money.

Actually, Its really hard to predict if how many percentage of people on earth owns bitcoins. the innovation and popularity of bitcoins cannot be stop, The continuous price increase of bitcoins are making noise, more and more people are getting interested with bitcoins. and even in the remote areas, internet are very accessible, anyone can study and can use bitcoins. By 2020 i think its about 60-70 percent of population will use bitcoins. By that time, Bitcoins are totally expose.
60-70%? How did you even come up to that number? Because people from remote areas are starting to have internet connection? 60% of 7 billion is 4.2 billion. Do you know how much people that is? We might not even be at 1 million right now. I'm sure it wouldn't multiply by 420,000% in just 5 years.

Even the most famous people in the entire world doesn't have 4.2 billion followers on Instagram, Facebook, and Twitter combined.
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November 23, 2016, 11:46:04 AM
 #512

Even 1% people on Earth own bitcoin by 2020 is big step for bitcoin and it means most people already hear/know bitcoin by then.
Maybe the percentage could be higher if something crazy happens such as most big company/services (such as amazon, google and apple) accept bitcoin or economic crisis which force people to safe their money.

Actually, Its really hard to predict if how many percentage of people on earth owns bitcoins. the innovation and popularity of bitcoins cannot be stop, The continuous price increase of bitcoins are making noise, more and more people are getting interested with bitcoins. and even in the remote areas, internet are very accessible, anyone can study and can use bitcoins. By 2020 i think its about 60-70 percent of population will use bitcoins. By that time, Bitcoins are totally expose.
60-70%? How did you even come up to that number? Because people from remote areas are starting to have internet connection? 60% of 7 billion is 4.2 billion. Do you know how much people that is? We might not even be at 1 million right now. I'm sure it wouldn't multiply by 420,000% in just 5 years.

Even the most famous people in the entire world doesn't have 4.2 billion followers on Instagram, Facebook, and Twitter combined.
that's too dreamy indeed. if 60% of people around the world will own bitcoin in the future it's mean that 6 person out of 10 will be using bitcoin and that must be very usual thing when paying things with bitcoin because almost in every places you will meet people who use bitcoin. even many popular fiat still under that amount


     
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November 23, 2016, 12:21:47 PM
 #513

I vote 40-50 percent. I vote it because I believe in bitcoin growth in the next four years will be very large. I feel the progress bitcoin, is now beginning there was some bitcoin adoption in various regions. It will be very affect the development of bitcoin so would push people to use bitcoin.
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November 23, 2016, 12:51:54 PM
 #514

I vote 40-50 percent. I vote it because I believe in bitcoin growth in the next four years will be very large. I feel the progress bitcoin, is now beginning there was some bitcoin adoption in various regions. It will be very affect the development of bitcoin so would push people to use bitcoin.

well we both believe in bitcoin and all the benefits it can give but I think 4 years would be too short a time for most people even be aware and have access to bitcoin much more to own it. there are some countries that have limited online access and we all know that bitcoin is an online currency. more people would be using it after 4 years that's for sure but I don't think it would be almost half the earth's population

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November 23, 2016, 12:54:19 PM
 #515

I vote 40-50 percent. I vote it because I believe in bitcoin growth in the next four years will be very large. I feel the progress bitcoin, is now beginning there was some bitcoin adoption in various regions. It will be very affect the development of bitcoin so would push people to use bitcoin.

I have voted for far less than that but to be honest I wish, your option should turn in to reality. Yes, we will need an aggressive awareness campaign by bitcoin users’ community to reach that milestone and I can tell from my own experience that people would love to use this amazing technology. We just need to tell more and more people about bitcoin, that’s it.

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November 23, 2016, 02:38:25 PM
 #516

I vote 40-50 percent. I vote it because I believe in bitcoin growth in the next four years will be very large. I feel the progress bitcoin, is now beginning there was some bitcoin adoption in various regions. It will be very affect the development of bitcoin so would push people to use bitcoin.

I have voted for far less than that but to be honest I wish, your option should turn in to reality. Yes, we will need an aggressive awareness campaign by bitcoin users’ community to reach that milestone and I can tell from my own experience that people would love to use this amazing technology. We just need to tell more and more people about bitcoin, that’s it.

Yeah my thought is the same it's less than 40 percent. The popularity of bitcoin is not that much when it comes to rural areas in some countries. We have to think that most countries are not rich when it comes to technology.. but if we could influence others and try to introduce the benefits of having a bitcoin.. little by little it will be popular and more people will be involve in bitcoins in the future.

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November 24, 2016, 02:43:28 AM
 #517

It's hard to estimate cuz I don't even know how many percent it is today....

but I kinda wonder what the price would be if it's 100%...

100% would probably mean war on banks govs and 1 btc = 1 btc.  Everyone needs internet first.  Maybe in 20 years this could happen, it wont be pretty though.
It's going to be a war and it will not happen, government will always win as they regulate things and we abide the laws.

Yeah, the government will not allow this to happen. And besides bitcoin cannot be control by the government unless those whales will let them the government to buy their bulks of bitcoins that they are holding. For the time span of 2020 is not even enough to make the government trigger and be threaten about bitcoin.
The government does not need to have bitcoins to bitcoins to be able to control it, they are only in charge of regulating it and nothing more. But still people who invested especially the whales has all the right to do with their accounts as long as it's within the laws of the government.

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November 24, 2016, 03:38:17 AM
 #518

Time flies and we are almost at 2017 and the number of people I know who are using bitcoins did not multiply too much. I have some friends who have shown interest in bitcoin but only a few are consistently active. The same can be said of the general public which doesn't even know what bitcoin is and what it does. If by 2020, we see news of bitcoin in the TV and radio, that means we have taken steps in making it known by a wider audience and a lot more people are being interested with it.
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November 24, 2016, 03:56:32 AM
 #519

For now, in my country that know bitcoin not more than 0.01%. Let alone my government still banned bitcoin. But, I optimistic bitcoin users in 2020 or 3 years again will increase 5%. This is from bitcoin users trend every year that increase 1% .
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November 24, 2016, 04:39:34 AM
 #520

As the numbers of people using Bitcoin for both transactional and investment basis, we can see some surge of interest with this cryptocurrency in the coming years. Personally, I am realistically putting it around 5% of the entire population but it can be higher if the China government will not put a stop of its usage in the country. The rise of interest can due to its rising value and the more interest it got the more value it can accumulate -- just like a cycle of its own.

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