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Question: What percentage of people on Earth will own Bitcoin by 2020
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Author Topic: What percentage of people on Earth will own Bitcoin by 2020  (Read 46536 times)
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March 31, 2016, 06:01:38 AM
 #101

I voted over 50% because I was still thinking of the, what if in 20 years question.   Obviously 2020 is only 4 years away and basically qualifies as what is nearly true now.
In 20 years I think over 50% is likely and/or the extreme oppisite that bitcoin is not used or superseded in some way.  In 4 years, I guess 10% per year growth is reasonable/optimistic enough

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March 31, 2016, 12:26:20 PM
 #102

It seems that voters tend to vote more optimistic and see more see promising future for bitcoin after starts.

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March 31, 2016, 12:29:23 PM
 #103

I voted 5-10 but I think that's mostly because I want to see bitcoin grow. Does anyone have some hard facts of charts about adoption of new technologies and their adoption rate globally.
Im sure one of you nerds has a chart saved somewhere. Please go find it and post it here.



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March 31, 2016, 12:31:16 PM
 #104

I think by 2020 about 20 to 30 per cent of  people on Earth will own Bitcoin and start using and trading with it as well
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March 31, 2016, 12:36:36 PM
 #105

I was a bit more optimistic than others  Grin  I went for 70%.  4 years is a long time when things like technology can change overnight or be adopted at much faster rates. 

I voted 20-30% but I agree with you on the unpredictable speed of deevelopment in a field like technology nowadays. Four years is a big span indeed. Maybe the whole world will use Bitcoin 4 years from now, but we can't know it today.

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March 31, 2016, 12:55:09 PM
 #106

it's just hard to predict something like this in the current time, Even a percentage of the world has no access to the internet right now so having an exact percentage of the world to own BTC "Right now probably less than 0.01%" would be impossible, I think it will be something close to 1% though.
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March 31, 2016, 01:06:17 PM
 #107

How many people use Bitcoin now? This 2014 article makes an estimate (click the link for details) and concludes: Just 500,000 people own bitcoins.

Some math:
Maximum of 5 transactions per second
400,000 per day
150 million per year
600 million until 2020

If the average user makes 10 transactions, only 1% can own bitcoin in 2020.
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March 31, 2016, 01:09:01 PM
 #108

How many people use Bitcoin now? This 2014 article makes an estimate (click the link for details) and concludes: Just 500,000 people own bitcoins.

Some math:
Maximum of 5 transactions per second
400,000 per day
150 million per year
600 million until 2020

If the average user makes 10 transactions, only 1% can own bitcoin in 2020.

The block size can be increased so that more transactions can happen in one block. We will have more users.

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March 31, 2016, 01:10:16 PM
 #109

I don't know the average age of people on this forum yet but I love new tech and I can still remember the first opportunity I had to use a computer and program my first robotics, it was still a while until I had a computer in my home. Even then, I was really allowed to use it. Adoption takes time and education, when speaking about bitcoin with someone remember you know more about it then the person you are talking to (and you might always know more about it) but if they are taking time to listen you should be taking time to explain in a polite and easy to understand manner that is interesting. Instead of saying "YOU'VE NEVER HEARD OF BITCOIN!?" try something like "I completely understand how you might not have heard of bitcoin everyone is busy with a million different things."

Crypto is my life and my passion but it is not everyone's life or passion. I want to share with them why I think it's beneficial to them but I don't want to bore them or make them feel stupid.

The more people that the Bitcoin world reaches, the greater percentage of people that will own Bitcoin by 2020.

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March 31, 2016, 01:20:13 PM
 #110

5-10% of people will use bitcoin by that time and will continue to grow as year pass and maybe we can reach 80 in a century.
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March 31, 2016, 02:24:22 PM
 #111

It seems that voters tend to vote more optimistic and see more see promising future for bitcoin after starts.
most people give between 0-2% vote I think this is the proper description. I do not think with bitcoin users can be more than 10 million users in 2020
but we have to opstimistic


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March 31, 2016, 04:31:19 PM
 #112

How many people use Bitcoin now? This 2014 article makes an estimate (click the link for details) and concludes: Just 500,000 people own bitcoins.

Some math:
Maximum of 5 transactions per second
400,000 per day
150 million per year
600 million until 2020

If the average user makes 10 transactions, only 1% can own bitcoin in 2020.

Dont worry about all those things more than needed, i agree with you that there must be some improvements of bitcoin want to be mass adopted, but did you doubt that bitcoin will not made all those changes with success? i dont have any doubt...
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March 31, 2016, 04:34:19 PM
 #113

I think at that time about 100% of the internet users will have adopted bitcoin as their currency for international transactions etc.
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April 01, 2016, 06:38:08 AM
 #114


I voted 20-30% but I agree with you on the unpredictable speed of deevelopment in a field like technology nowadays. Four years is a big span indeed. Maybe the whole world will use uᴉoɔʇᴉq 4 years from now, but we can't know it today.

 I voted quite higher. I voted 70 - 80 % as I am very optimistic with the idea that more and more will be using crypto currency in the near future. Its convenient to use and ease in transaction and absolutely lower charge will drive more popularity among netizens.

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April 01, 2016, 08:48:00 AM
 #115

5-10% of people will use bitcoin by that time and will continue to grow as year pass and maybe we can reach 80 in a century.
I think it took centuries for bitcoin users could be half of the earth's population. this time even I was not sure 1dekade longer be touched 5%
The world population is huge 5% too large for the bitcoin


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ajrah
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April 01, 2016, 09:07:22 AM
 #116

I will vote for 20-30
Many of us share whats happening on uᴉoɔʇᴉq especially when we got some big profits and cashout ,they will ask how to do it and then same process they will earned  then some friends to ask for this.. Typically we all know that chit chat with friends is a kind of virus that can spread the bitcoin world.

NewInCryptoCurrency
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April 01, 2016, 09:17:30 AM
 #117

It will be not that many used later in 2020, because there are also a lot of people that dont even know Bitcoin and there are also a lot of poor people like in Africa.
I voted 20%, and it can only be more if you make now around this time Bitcoin more popular and promote it more so people will get to know about it.
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April 01, 2016, 12:09:34 PM
 #118

I've been running a poll for some time now about the value of 1 uᴉoɔʇᴉq by 2020 and it's safe to say a lot of different opinions and guesses are made.
This poll completes the other one and i'm really looking forward to everyone's input in this.

Tnx for your input  Cool

4 years later,bitcoin will adopted by 1% or 2% people on this world,it just my prediction,even i'm voted 5%-10%,but i'm not sure with that,because so far bitcoin have some trouble to increase it popularity. but we all dont know what will happen in next 2 years,maybe it will decide bitcoin future.
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April 01, 2016, 12:13:01 PM
 #119

Its not definite currently as there could be several reasons why people come to bitcoin and leave from bitcoin. But I think it would hit 5-10% which is a nice if it actually hit that amount.


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April 01, 2016, 03:08:08 PM
 #120

I guess 20-30% of people on Earth will own Bitcoins by 2020, because already this powerful crypto currency still ignored by the major part of the people worldwide unluckily
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