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Question: What percentage of people on Earth will own Bitcoin by 2020
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September 01, 2017, 12:35:30 PM
 #781

By 2020 at list 40 to 50 percent of world population should own bitcoin and even use it. Many young men and girl has access to internet and bitcion is making great Wave all over the world and people becomes knowledgeable about bitcoin and others cryptocurrency.
Suppose for a moment that 3 billion people make 1 transaction, and suppose the average transaction is 300 bytes small.
The result is that blockchain grows 900GB, 6 times bigger than it is now.
At 1MB blocks this takes 18 years.

Before you think many people can use Bitcoin in 2020, calculate how few transactions blockchain can store.
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September 01, 2017, 02:19:32 PM
 #782

I think 60 percent of people own bitcoin by 2020, many people already investing in bitcoin. Because many people use internet and own computer so that people started invest and convince to use bitcoin.

Exactly, 60% in just 3 years might really be high for the entire humans. Again, there are some continent that have very very few people who have heard of bitcoin & this number will still add up to the entire number or percentage which will make the 60% a far cry as you have alluded to. Moreso , I like your analogy with computer usage not being measured as numbers who know how to go about btc or have heard of it. Thus, the number of people using computers or internet platforms would not automatic mean they know of bitcoin too.

I agree that we might see exponential growth in the user base within next 3 years but still, 60% of world's population is a too much extreme prediction. A person using a computer might not use Bitcoin for some reasons so the number of computer/internet users should not be the main criteria to determine the prediction of Bitcoin's growth. I doubt if we really have 60% of the world's population using the internet.
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September 01, 2017, 02:43:12 PM
 #783

if you look at this year .. bitcoin prices continue to rise. it's because bitcoin is getting popular., many people who know the advantages of having bitcoin. so they prefer to invest bitcoin from others. I can not think of bitcoin by 2020 .. it might be that year people have been using bitcoin as a legal means of payment. 40% of the world's countries will legalize bitcoin. because they think bitcoin is beneficial to them. it could happen because if you see today, bitcoin users are getting more and more day.

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September 02, 2017, 02:21:50 PM
 #784

I think 60 percent of people own bitcoin by 2020, many people already investing in bitcoin. Because many people use internet and own computer so that people started invest and convince to use bitcoin.

I agree that we might see exponential growth in the user base within next 3 years but still, 60% of world's population is a too much extreme prediction. A person using a computer might not use Bitcoin for some reasons so the number of computer/internet users should not be the main criteria to determine the prediction of Bitcoin's growth. I doubt if we really have 60% of the world's population using the internet.

Yeah i think so too. It needs to be a little bit more conservative because 2020 is just 3 years from now. I don't even think a quarter of the population would have owned btc then. The rate of btc usage is consistently rising but i don't think 3 years is long enough to see everyone owning btc

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September 02, 2017, 03:18:44 PM
 #785

I think 60 percent of people own bitcoin by 2020, many people already investing in bitcoin. Because many people use internet and own computer so that people started invest and convince to use bitcoin.

I agree that we might see exponential growth in the user base within next 3 years but still, 60% of world's population is a too much extreme prediction. A person using a computer might not use Bitcoin for some reasons so the number of computer/internet users should not be the main criteria to determine the prediction of Bitcoin's growth. I doubt if we really have 60% of the world's population using the internet.

Yeah i think so too. It needs to be a little bit more conservative because 2020 is just 3 years from now. I don't even think a quarter of the population would have owned btc then. The rate of btc usage is consistently rising but i don't think 3 years is long enough to see everyone owning btc

I agree with that. It isn't that far away and the growth rate of new users isn't that significant too. By 2020, I don't think it will even double what we have now. I think it would be safe to say that it will still not be significant enough to be a force to be reckoned with that would force all governments around the world to do something about it.

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September 03, 2017, 04:56:12 PM
 #786

I think 60 percent of people own bitcoin by 2020, many people already investing in bitcoin. Because many people use internet and own computer so that people started invest and convince to use bitcoin.

I agree that we might see exponential growth in the user base within next 3 years but still, 60% of world's population is a too much extreme prediction. A person using a computer might not use Bitcoin for some reasons so the number of computer/internet users should not be the main criteria to determine the prediction of Bitcoin's growth. I doubt if we really have 60% of the world's population using the internet.

Yeah i think so too. It needs to be a little bit more conservative because 2020 is just 3 years from now. I don't even think a quarter of the population would have owned btc then. The rate of btc usage is consistently rising but i don't think 3 years is long enough to see everyone owning btc

I agree with that. It isn't that far away and the growth rate of new users isn't that significant too. By 2020, I don't think it will even double what we have now. I think it would be safe to say that it will still not be significant enough to be a force to be reckoned with that would force all governments around the world to do something about it.

100% growth in the user base is not a difficult growth rate to achieve when there is a time of 3 years but we need to put concentrated efforts in a positive direction on the community as well as on the individual level. Currently, we don't have any negative atmosphere about Bitcoin in the world (ignore those scam companies which are using Bitcoin to execute their scam as it has nothing to do with Bitcoin). In fact, media attention and expert's views are building good perception about Bitcoin so if we can somehow reach to the mass digital fiat users then we will easily cross 100% growth in next 3 years.

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September 03, 2017, 05:13:23 PM
 #787

Given, that only rougly 50% of the world population got access to internet (2017), I don't think more than 10-20% will hold Bitcoin in 2020.
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September 03, 2017, 05:26:24 PM
 #788

I voted for 2-5% of people on earth will own bitcoin by 2020, As we all know, actually that bitcoin are start to be more popular mostly this year, because of the high augmentation of bitcoin price , from around 1100$ to ~4950$ which it's a very big increase of price, it never happend in the past.
So, by 2020, i think all the world will have access to the internet, and the technolgy will be more powerfull, so also bitcoin too. I think many people will enroll this community, so my prediction is what i voted.

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September 03, 2017, 05:59:49 PM
 #789

I voted for 2-5% of people on earth will own bitcoin by 2020, As we all know, actually that bitcoin are start to be more popular mostly this year, because of the high augmentation of bitcoin price , from around 1100$ to ~4950$ which it's a very big increase of price, it never happend in the past.
So, by 2020, i think all the world will have access to the internet, and the technolgy will be more powerfull, so also bitcoin too. I think many people will enroll this community, so my prediction is what i voted.

Not even everyone in central europe got full internet acess by now, so I can't believe by 2020 - which is just 2 1/2 years from now - the complete world population will have internet acess, and that's probably one of the biggest "problems", when talking about owning bitcoins or not. But that's just my ten cents  Tongue
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September 03, 2017, 07:04:16 PM
 #790

I think that less than 5% of the people on earth will own bitcoin. As you can see, there are still many places which do not have a good condition to learn and obtain more knowledge about bitcoin. Furthermore, they do not own good technology to adapt the cryptocurrency

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September 04, 2017, 12:15:13 PM
 #791

I voted for 2-5% of people on earth will own bitcoin by 2020, As we all know, actually that bitcoin are start to be more popular mostly this year, because of the high augmentation of bitcoin price , from around 1100$ to ~4950$ which it's a very big increase of price, it never happend in the past.
So, by 2020, i think all the world will have access to the internet, and the technolgy will be more powerfull, so also bitcoin too. I think many people will enroll this community, so my prediction is what i voted.
I have the same opinion regarding the number of people knowing about bitcoins in the coming years. Bitcoins have attracted investors this year tremendously because of massive increase in their values. Bitcoins are never ever going to lose their values from now onwards which will ultimately result in the bright future of bitcoiners.


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September 04, 2017, 02:37:06 PM
 #792

Surely this is a hope for all users will the development of bitcoin that continues to increase in the future so that it brings a good impact to the economic changes of its users spread across the country.
Indeed, with the growing number of new investors involved in investing in bitcoin certainly brings a positive signal for bitcoin advancement.

   
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September 11, 2017, 01:51:19 AM
 #793

Not sure but I feel that it is likely to be a minimal proportion because not everyone in the world tends to make use of Bitcoin.They need to have to entice much more people if they want to turn out to be some thing even bigger in the long term.
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September 15, 2017, 06:28:28 AM
 #794

Not sure but I feel that it is likely to be a minimal proportion because not everyone in the world tends to make use of Bitcoin.They need to have to entice much more people if they want to turn out to be some thing even bigger in the long term.
You may be right but I think otherwise. I believe there will be a huge traffic of the ones who will be using Bitcoin by 2022. The way Bitcoin is getting popular amongst the people and is giving them a lot of profits, I think the number of investors will increase tremendously by that time. I am very much positive regarding this.

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September 15, 2017, 04:33:57 PM
 #795

I believe 10-20% of the entire population will be holding at least a small part of bitcoin by the year 2020, because irrespective of the nations it has been getting spread all around. Specifically several incidents have made path for the wide spreading and knowing about the bitcoin recently. One such is the ransomware attack and demand bitcoin as ransom.
I think you have a  point on this matter, I don't know if the total population in the world now was in 1 or more trillions of population.
It maybe bitcoin has been spread out the whole world gobally..But base on what I read only 10% majority of the country are not
familiar with bitcoin.

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September 18, 2017, 12:51:48 PM
 #796

Not confident but I feel that it is likely to be a low proportion due to the fact not everybody in the planet makes use of Bitcoin.They need to draw in a lot more individuals if they want to turn into some thing even bigger in the foreseeable future.
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September 19, 2017, 11:48:59 AM
 #797

Not sure but I feel that it is likely to be a minimal proportion because not everyone in the world tends to make use of Bitcoin.They need to have to entice much more people if they want to turn out to be some thing even bigger in the long term.
You may be right but I think otherwise. I believe there will be a huge traffic of the ones who will be using Bitcoin by 2022. The way Bitcoin is getting popular amongst the people and is giving them a lot of profits, I think the number of investors will increase tremendously by that time. I am very much positive regarding this.
There is absolutely no doubt in this thing that the percentage of people who will be having Bitcoin by the end of 2022 will be more, but even then I don’t think so that there will be a tremendous increase in this population as you said. It is only a portion of people who are investing in it and they know about Bitcoin.

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Harlot
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September 19, 2017, 01:41:43 PM
 #798

Not sure but I feel that it is likely to be a minimal proportion because not everyone in the world tends to make use of Bitcoin.They need to have to entice much more people if they want to turn out to be some thing even bigger in the long term.
You may be right but I think otherwise. I believe there will be a huge traffic of the ones who will be using Bitcoin by 2022. The way Bitcoin is getting popular amongst the people and is giving them a lot of profits, I think the number of investors will increase tremendously by that time. I am very much positive regarding this.
There is absolutely no doubt in this thing that the percentage of people who will be having Bitcoin by the end of 2022 will be more, but even then I don’t think so that there will be a tremendous increase in this population as you said. It is only a portion of people who are investing in it and they know about Bitcoin.
We won't have a definite answer for that or even a close guess because even until now we don't have the proper data to based it on. All I can say is that definitely it will be bigger compared to what we have now, because sharing it to everyone is easy and it will be easier  from day to day as the awareness of the existence of Bitcoin is getting bigger. Also other factors affect it as well as even politics can affect the future of Bitcoin.

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kyori
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September 19, 2017, 01:56:34 PM
 #799

I think it could grow up to 20%, not all people have gadgets yet not all places in this world has internet and only a few people are interested in bitcoin.

RamBahadur.Gurung
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September 19, 2017, 02:21:51 PM
 #800

It is quite difficult to make a prediction. But my guess is that by 2020, there will be around 100 million users for Bitcoin. Right now, the world population is around 7.3 billion, which means that around 1.5% of the world population will be using BTC by 2020.

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