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Author Topic: Number of Blockchain wallet users are now above 35 million  (Read 612 times)
cryptjh (OP)
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April 08, 2019, 10:41:28 PM
Last edit: April 08, 2019, 11:47:40 PM by cryptjh
 #1

According to the latest numbers from blockchain.com, there is now more than 35 million wallets connected to the bitcoin blockchain.
 

https://www.blockchain.com/ja/charts/my-wallet-n-users?timespan=all

Ains_sama
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April 08, 2019, 10:52:59 PM
 #2

it's true that the number of bitcoin wallet users is still very small, but I strongly believe that number will increase over time.
dark08
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April 08, 2019, 11:07:02 PM
 #3

it's true that the number of bitcoin wallet users is still very small, but I strongly believe that number will increase over time.

Because not all people  in the whole world know cryptocurrency or using blockchain but for me this is a huge number of blokchain wallet in the next 10 years I'm sure this number will increase because of being popularity of cryptocurrency.

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April 08, 2019, 11:23:47 PM
 #4

This is the only proof that everyday many people are going to embrace the crypto industry. It is a huge number of wallet user and it means it is also huge of people who are using and start investing in crypto industry. I hope every government will see this they will think that they need to step to the next level of regulation about crypto.

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cryptovigi
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April 08, 2019, 11:32:52 PM
 #5


Unfortunately, the amount of bitcoin portfolios is not the most important, many people have several of them, some are forgotten or lost ....
It is more important how many people actively use their wallets, for example by using them to make payments, and these are much less - about 10%
here is a nice article on the subject (admittedly, research was done last year, when the portfolios were 32 million, but the percentages will probably be similar)

source: https://www.bitcoinmarketjournal.com/how-many-people-use-bitcoin/

Adriano2010
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April 08, 2019, 11:43:17 PM
 #6

This wallet numbers is only the number of users who use blockchain website as wallet and users who uses blockchain app? Or this numbers is the total number of all wallets? Either is hardware wallet, or other mobile phone wallets? But even so there is a lot of people who use it and  new people will come and use bitcoin.
cryptjh (OP)
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April 08, 2019, 11:45:02 PM
 #7

If we take a closer look at the numbers. We can see that the numbers of new wallets are going parabolic in these days. And we just got to 35 millions wallets today. Just 32 days ago the numbers of wallets were 34 million, and just in the last 2 days, 120.000 new wallets have been added to the bitcoin blockchain.
https://www.blockchain.com/ja/charts/my-wallet-n-users?timespan=all
cryptjh (OP)
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April 08, 2019, 11:52:51 PM
 #8

This wallet numbers is only the number of users who use blockchain website as wallet and users who uses blockchain app? Or this numbers is the total number of all wallets? Either is hardware wallet, or other mobile phone wallets? But even so there is a lot of people who use it and  new people will come and use bitcoin.


I think those wallet numbers is just the users of Blockchain wallets. But I have seen other people claiming that this was the total numbers of bitcoins wallet. The blockchain wallet numbers count start in 2011 so this can't be the total number of bitcoins wallets!
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April 08, 2019, 11:55:21 PM
 #9

This wallet numbers is only the number of users who use blockchain website as wallet and users who uses blockchain app? Or this numbers is the total number of all wallets? Either is hardware wallet, or other mobile phone wallets? But even so there is a lot of people who use it and  new people will come and use bitcoin.
It might be both since you can link your blockchain wallet on the app if you prefer having more ways than one to open it. The total amount of blockcahin wallet doesn't mean that each one of them are made by different persons, one person could have hundreds of blockchain wallets. The numbers are increasing every day but it would be better to show how many unique users do they currently have.

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April 09, 2019, 12:03:29 AM
 #10

It is not shocking to see these numbers since more and more people are starting to take interest on crypto and bitcoin. People saw a new opportunity and benefit in using cryptocurrency. Take note that not all that wallet is active anymore, a person can own numbers of blockchain wallet at a time.

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April 09, 2019, 01:38:57 AM
 #11

According to the latest numbers from blockchain.com, there is now more than 35 million wallets connected to the bitcoin blockchain.
 
Great news for Bitcoin, this graph is spectacular. More and more people coming to Bitcoin world, learning about it, adopting it.
If this graph will continue to exist in same direction Bitcoin will be massive soon Smiley
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April 09, 2019, 02:04:59 AM
 #12

According to the latest numbers from blockchain.com, there is now more than 35 million wallets connected to the bitcoin blockchain.
Good to see those numbers but it isnt really that precise knowing that it isnt actually the number of users who do own those wallets, consider multiple wallets, so we should expect it would really be lesser than that.

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April 09, 2019, 02:46:11 AM
 #13

the good news, if seen in the blockchain wallet user graph there is a large increase in the number of users to date reaching 35 million users. The Blockchain Wallet is the safest and most trusted wallet for bitcoin users to date.
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April 09, 2019, 02:53:43 AM
 #14

According to the latest numbers from blockchain.com, there is now more than 35 million wallets connected to the bitcoin blockchain.
 

https://www.blockchain.com/ja/charts/my-wallet-n-users?timespan=all



Wallet connected to blockchain is the correct statement but it is not correct when it comes to the actual number of bitcoin wallets. Majority of us don't use bitcoin core wallet just because we don't want to download the entire blockchain in our systems as its time consuming and also takes a lot of system space!

35 million is very very minuscule number and doesn't give a clear picture of bitcoin users. Even though I don't have any documents to prove but I believe the actual number of bitcoin wallets is at least 5-7 times higher than this 35 million!

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April 09, 2019, 02:59:23 AM
 #15

It speaks of the growing popularity of blockchain, and more and more people need to learn and use blockhain. I think in about two years we will see the number of people connected to the blockchain wallet will be about 1 billion users. A future technology like blockchain will attract a lot of users, the current 35 million is still too small compared to the potential of blockchain.
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April 09, 2019, 03:01:49 AM
 #16

This wallet numbers is only the number of users who use blockchain website as wallet and users who uses blockchain app? Or this numbers is the total number of all wallets? Either is hardware wallet, or other mobile phone wallets? But even so there is a lot of people who use it and  new people will come and use bitcoin.


I think those wallet numbers is just the users of Blockchain wallets. But I have seen other people claiming that this was the total numbers of bitcoins wallet. The blockchain wallet numbers count start in 2011 so this can't be the total number of bitcoins wallets!

I thought so,maybe those numbers are just from their database. Also let us note that there might be some users that uses multiple addresses. So 35 million might not be all users.
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April 09, 2019, 03:22:46 AM
 #17

it's true that the number of bitcoin wallet users is still very small, but I strongly believe that number will increase over time.

that is NOT number of "bitcoin wallets", that is the number of blockchain.com accounts that people have opened and people should not even use web wallets like this in first place specially since their system is filled with bugs and also because after nearly 2 years they have not yet added the new features added to bitcoin back in August 2017 called Segregated Witness.

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April 09, 2019, 03:26:26 AM
 #18

Does it mean that we have 35 million bitcoin users? Nah, I don't think so, it's probably more than that. And as others have said we have users with multiple wallets so that number is not that accurate.

Although its good to see the numbers really increasing in years, evident that bitcoin and crypto is here to stay and potentially will grow in the next 10 years.

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April 09, 2019, 03:33:42 AM
 #19

Nonetheless it is still a progress for Blockchain, probably a lot of people still do not know about Blockchain, 35 million is a big number to be quite honest, and I think the numbers would continually grow without a doubt, no doubt people would recognize Blockchain more and more as years pass by. The potential is there, and even if Blockchain still has some bugs in their website, you can still see the growth of Blockchain ever since it was established.
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April 09, 2019, 08:21:56 AM
 #20

If we take a closer look at the numbers. We can see that the numbers of new wallets are going parabolic in these days. And we just got to 35 millions wallets today. Just 32 days ago the numbers of wallets were 34 million, and just in the last 2 days, 120.000 new wallets have been added to the bitcoin blockchain.

i would take these numbers with a grain of salt. it doesn't indicate new users like the OP suggests. a single person or company could use blockchain to create thousands of wallets and it would show up in the data. in other words, it's really easy to inflate this statistic.

it's interesting to see the parabolic shape though. i wonder if there are other network metrics that might corroborate this. fees have certainly been rising, but i heard a lot of that is related to veriblock, as opposed to new bitcoin users.

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