Cryptocurrency Around The World

[Bitstar_coin]

Okay so i stumbled across this post on twitter and i thought to share it among fellow members,
it shows the growth of crypto around the world, (Over 300 million users around the world) although am not sure how authentic the data or source of the data is, but it is interesting to see how crypto is gradually spreading in different part of the world and would continue spreading in years to come.
Whats your take on this.



Source Link

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[tabas]

That's probably just a rough estimation because it's hard to find the accuracy on how many crypto investors and holders are already there. Data can be merged and collate based on the source.
But we have an idea that someone can have as much as wallets as he can and if that's part of the basis then there's already inaccuracy already. Well, we know that there really are millions of people that are aware of crypto but we just don't know the exact number.

[AmoreJaz]

That's probably just a rough estimation because it's hard to find the accuracy on how many crypto investors and holders are already there. Data can be merged and collate based on the source.
But we have an idea that someone can have as much as wallets as he can and if that's part of the basis then there's already inaccuracy already. Well, we know that there really are millions of people that are aware of crypto but we just don't know the exact number.

i am more on this opinion. it is just an approximate number because up until now it is hard to get those numbers accurately. but it is showing that we are growing though as you said, one can have many wallets so long they want to create one. so this part, is actually the reason why we can't get the right numbers here.

[tabas]

That's probably just a rough estimation because it's hard to find the accuracy on how many crypto investors and holders are already there. Data can be merged and collate based on the source.
But we have an idea that someone can have as much as wallets as he can and if that's part of the basis then there's already inaccuracy already. Well, we know that there really are millions of people that are aware of crypto but we just don't know the exact number.

i am more on this opinion. it is just an approximate number because up until now it is hard to get those numbers accurately. but it is showing that we are growing though as you said, one can have many wallets so long they want to create one. so this part, is actually the reason why we can't get the right numbers here.

Yes, all over the years, the number has increased and that's the fact that we can't deny. Before, there were just a few hundreds of thousands and now, it's gotten up to millions and even hundreds of millions. The market has grown and matured but it's not yet on its fully extent and there's more room for its improvement. And the same goes to the number of crypto people in the world, we're just a few years in the mainstream and there will be more developments and adoptions to come.

[Bitstar_coin]

That's probably just a rough estimation because it's hard to find the accuracy on how many crypto investors and holders are already there. Data can be merged and collate based on the source.
But we have an idea that someone can have as much as wallets as he can and if that's part of the basis then there's already inaccuracy already. Well, we know that there really are millions of people that are aware of crypto but we just don't know the exact number.

Yeah you made a very valid point, it is hard to know the accuracy of the data especially if they are base on the number of wallets active in blockchain, one person can have more than 50 wallets and render the data inaccurate. in fact, now that you mentioned it, similar case just occurred in a project i invested on, it happens someone use around 100 wallets to participate in the project land presale to get free limited special nft that was given to all presale participants, somehow the team got to know about it and they took action. Crazy, never thought one person can own so much wallets 

[tabas]

That's probably just a rough estimation because it's hard to find the accuracy on how many crypto investors and holders are already there. Data can be merged and collate based on the source.
But we have an idea that someone can have as much as wallets as he can and if that's part of the basis then there's already inaccuracy already. Well, we know that there really are millions of people that are aware of crypto but we just don't know the exact number.

Yeah you made a very valid point, it is hard to know the accuracy of the data especially if they are base on the number of wallets active in blockchain, one person can have more than 50 wallets and render the data inaccurate

They've been doing that for years and there's really no accurate data but majority of them are estimates. So whenever there are news like this that comes out, we expect that it's not the actual data and number. However, relying on that data and estimates, we can really proud say that the market has gone too big and grown a lot.

in fact, now that you mentioned it, similar case just occurred in a project i invested on, it happens someone use around 100 wallets to participate in the project land presale to get free limited special nft that was given to all presale participants, somehow the team got to know about it and they took action. Crazy, never thought one person can own so much wallets 

Well, that's a guy that has abused and cheated on that project.

[qwertyup23]

That's probably just a rough estimation because it's hard to find the accuracy on how many crypto investors and holders are already there. Data can be merged and collate based on the source.
But we have an idea that someone can have as much as wallets as he can and if that's part of the basis then there's already inaccuracy already. Well, we know that there really are millions of people that are aware of crypto but we just don't know the exact number.

i am more on this opinion. it is just an approximate number because up until now it is hard to get those numbers accurately. but it is showing that we are growing though as you said, one can have many wallets so long they want to create one. so this part, is actually the reason why we can't get the right numbers here.

Regardless if it shows some rought estimate, we cannot deny the fact that the growth of cryptocurrencies has been steadily growing over the past few years. Remember when its price was so relatively small that people owned at least some in the past? Remember the story of the guy who bought pizzas in exchange for 10,000 BTCs? Those are just some of the examples on why cryptocurrencies is slowly becoming the future of our transactions.

Eventually, we will see its implementation and integration of cryptocurrencies in our payment system. The government will soon accept it and provide laws in order to have an harmonious conglomeration of fiat and cryptocurrencies in our transaction system.

[KennyR]

The cryptocurrency users around the world can't be calculated precisely. It is an approximation, because it is possible to create any number of wallets. This means based on the wallets created we can't calculate the number.


Source : Statista
It is 2021-2022 that have got the increase in the user number. This could've happened as a result of the pandemic that made people within the home and look for opportunities on the internet. Majority have landed into cryptocurrency by the time.

[ChiBitCTy]

This is a pretty interesting map, but I’m not sure that I’m completely buying the data from it. It’s very hard for me to believe that Africa has more users than the United States. I guess I could see Europe having more users than those in the United States, but that’s also kind of hard to believes

[DapanasFruit]

The main takeaway with this map is that there is a growing trend of people who are getting interested with cryptocurrency, starting mostly with Bitcoin and then the most popular alts. And this is a big movement that is so hard to stop because even in China where the government had already banned all forms ad types of cryptocurrency there are still many who are into it. I am just wondering if people in  El Salvador has already been counted on this statistics. Now, with some states of USA and maybe small countries similar to El Salvador about to recognize Bitcoin there is a big possibility that by 2023 the figure could already have ballooned a lot.

[Darker45]

This is probably far from accurate, but at least this goes to show that Bitcoin is present everywhere. And without a marketing department or a PR agency hired to spread the brand, having reached 200 million supporters in just a little more than a decade is a truly amazing feat. Of course, I assume that every crypto supporter is a Bitcoin supporter.

For the next decade, I am more than sure the figures shown in the map will more than double. With this, I hope more stores and shops and restaurants and bars, hotels, casinos, and resorts will be opening up for Bitcoin payment.

[adzino]

How do they actually know how many crypto currency users are there? I think it is far from accurate unless they are using data from exchanges (still won't be accurate since not everyone uses an exchange, but some at one point does). If this is based on number of wallets, then keep you know, one users can have multiple wallets. Like 20 or 100s of them. So I doubt coming to any conclusion based on this chart would mean anything.

[rodskee]

Okay so i stumbled across this post on twitter and i thought to share it among fellow members,
it shows the growth of crypto around the world, (Over 300 million users around the world) although am not sure how authentic the data or source of the data is, but it is interesting to see how crypto is gradually spreading in different part of the world and would continue spreading in years to come.
Whats your take on this.



Source Link

there is a  similar thread about this 300 million users if crypto but like what i said there is no assurance that this is indeed the count because the wallets can be owned by single person with a thousand account.
that means you will never make a complete details of how many people uses crypto around the world.
but knowing this is really heart warming as we are increasing the people who like us at one point deny believing and not investing .

[pooya87]

I don't think North America having less adoption compared to Europe or Africa is a correct statistic!
Also despite the population in Asia being a lot more than any other continent, 160 million doesn't seem correct to me.
There is a good chance that they are taking altcoin related accounts and adding them together. Meaning one user may be bag holding multiple shitcions on multiple exchanges/wallets and they count that one user as multiple hence the huge 300 million users.

It is 2021-2022 that have got the increase in the user number. This could've happened as a result of the pandemic that made people within the home and look for opportunities on the internet. Majority have landed into cryptocurrency by the time.

The growth is misleading here because this is the number of "identity verifiable" users not "users". I believe this is because from 2016 till today the government has been forcing more and more KYC on centralized services such as exchanges so it is expected to have an increased number of users with known identities as more services enforce KYC.

[famososMuertos]

OP: It will always be an estimate with a tolerance of +/- millions, well, let's be fairer +/- thousands so as not to exaggerate, by the way none of the sources is accurate, so no matter where you look this  is always imprecise.

So how to know how many people there are, well, sure we are maybe millions, 100, 200, 300 something like that.  

Edit:
reformulate context or the idea to be expressed.
Thanks for the clarification.
@pooya87

[coinism]

That's probably just a rough estimation because it's hard to find the accuracy on how many crypto investors and holders are already there. Data can be merged and collate based on the source.
But we have an idea that someone can have as much as wallets as he can and if that's part of the basis then there's already inaccuracy already. Well, we know that there really are millions of people that are aware of crypto but we just don't know the exact number.

It's because of pseudo nature of Bitcoin and other decentralized cryptos that we can never find exact number of users. An average crypto user may have atleast 5 or more wallets (just my own guess). Wallet once created remain there even if the owner abandon it, so wallet count is not fair way of calculating no of crypto users. We can only find no of crypto users from centralized crypto exchanges.

[taufik123]

It's because of pseudo nature of Bitcoin and other decentralized cryptos that we can never find exact number of users. An average crypto user may have atleast 5 or more wallets (just my own guess). Wallet once created remain there even if the owner abandon it, so wallet count is not fair way of calculating no of crypto users. We can only find no of crypto users from centralized crypto exchanges.

1 person may be able to have more than 5 wallets even up to dozens of wallets, because making a wallet does not need to pay or use a hardware wallet. There is no fixed count. what can be counted is only data that goes to big exchanges like Binance, Kucoin, coinbase etc because they set KYC so they know how many million people use cryptocurrency. Referring to the address alone will not be accurate.
Currently, cryptocurrencies are widely known by the public, and have started to enter to invest. crypto users will continue to grow.

[slackovic]

Is the exact number of people that use crypto even important? I think we all can agree with the fact that that number increased significantly in the last two years. I don't know if the pandemic is the reason but it doesn't matter in the end. What matters is that more and more people use crypto and that's what we all want in the end.

[Issa56]

I can't really say if the figures mention by Bitstar_coin is really correct or wrong but all what I know is that lots of people are adopting cryptocurrency on a daily basis and bitcon is spreading rapidly all over the world, I believe time will come when everybody will know about bitcon and it will be accepted as payment method all over the world

[Kakmakr]

I would like to see the data source for this graph to see if there might be duplication. They could have used reported user statistics from individual exchanges that were linked to KYC requirements, but the question is... did they simply use the numbers or did they actually compare the databases to see if these users had several accounts on different exchanges.

Example : BitX = 50 000 users and BitY = 50 000 users ....but 100% of the users have accounts on both exchanges. Now you have 50 000 unique user accounts and not 100 000 user accounts. 

[oHnK]

It's because of pseudo nature of Bitcoin and other decentralized cryptos that we can never find exact number of users. An average crypto user may have atleast 5 or more wallets (just my own guess). Wallet once created remain there even if the owner abandon it, so wallet count is not fair way of calculating no of crypto users. We can only find no of crypto users from centralized crypto exchanges.

1 person may be able to have more than 5 wallets even up to dozens of wallets, because making a wallet does not need to pay or use a hardware wallet. There is no fixed count. what can be counted is only data that goes to big exchanges like Binance, Kucoin, coinbase etc because they set KYC so they know how many million people use cryptocurrency. Referring to the address alone will not be accurate.
Currently, cryptocurrencies are widely known by the public, and have started to enter to invest. crypto users will continue to grow.

Crypto offers us an convenience, so there is no any crucial term that have to be filled. This is why Crypto become solution for people who is unbankable. We can see the convenience of using crypto in Russian war, although they are banned in economy policy by US, They can still make international transaction with cryptocurrency.

[verita1]

The graph shows an interesting statistic. The progress that crypto has achieved throughout the world is exponential, it is useful for the strengthening of bitcoin, altcoins and the birth of other projects.
Because it is no secret to anyone that we are evolving: NFT, GameFi, WEB3, Metaverse. New projects compete in offering either low fees or zero fees and at lightning speed.

The Asian market is undoubtedly large and experienced in crypto. From my point of view, communities are being created around the world so that they can choose the best products that meet their investment expectations.

[DanWalker]

That's probably just a rough estimation because it's hard to find the accuracy on how many crypto investors and holders are already there. Data can be merged and collate based on the source.
But we have an idea that someone can have as much as wallets as he can and if that's part of the basis then there's already inaccuracy already. Well, we know that there really are millions of people that are aware of crypto but we just don't know the exact number.

The data may not be entirely accurate, but there is no denying that cryptocurrencies are growing in popularity and playing a more important role in our lives. In addition to being legal in countries, like the war between Russia and Ukraine, we can see that crypto is playing an important role in a large-scale crisis. Crypto is one of the ways for Russia to overcome the consequences of sanctions, could also play an active role in helping Ukraine face Russian aggression.

I firmly believe that cryptocurrency will grow even more in the coming years, it will not stop at just a few hundred million users.

[examplens]

How do they actually know how many crypto currency users are there? I think it is far from accurate unless they are using data from exchanges (still won't be accurate since not everyone uses an exchange, but some at one point does). If this is based on number of wallets, then keep you know, one users can have multiple wallets. Like 20 or 100s of them. So I doubt coming to any conclusion based on this chart would mean anything.

also, many users have an account for multiple exchanges, so this way of extracting statistics on the total number of users is completely irrelevant.
is even more pointless, how many only those who at one point made a wallet created an address maybe even received some amount on the same, and after that, they never used anything related to crypto again. I personally know a lot of such cases.

[FanEagle]

The graph shows an interesting statistic. The progress that crypto has achieved throughout the world is exponential, it is useful for the strengthening of bitcoin, altcoins and the birth of other projects.
Because it is no secret to anyone that we are evolving: NFT, GameFi, WEB3, Metaverse. New projects compete in offering either low fees or zero fees and at lightning speed.

The Asian market is undoubtedly large and experienced in crypto. From my point of view, communities are being created around the world so that they can choose the best products that meet their investment expectations.

That is right, we are in a situation where the world of crypto is getting bigger and bigger. The fact that when you have millions of people in it, getting a few hundred thousand more people in it doesn't seem too daunting, when in fact just a few years ago it was such a big celebrated achievement.

This is why I believe that eventually we will reach to billions of people, at least over a billion easily, that actively use it. At that point I believe that bitcoin will be the biggest market cap in the world over everything else, over stock markets, over companies, over nations treasuries. We will definitely get there, we just need time for it.

[Fesatmas]

Although the data you provided is still questionable, but I am quite sure that it is true that cryptocurrency has spread all over the world and is growing every day. Indeed cryptocurrencies have attracted the attention of many people all the time. So I'm personally not that surprised by the spike in users in every country as well as around the world. I take an example from my personal environment, and that is enough to give me reasons why I believe in it.

[dupee419]

It is inevitable for cryptocurrency to spread widely on different areas/continents. Technology rises and so does the accessibility of us, humans, to the internet and how easily people influence their peers with whatever it is that is trending on social media, and of course, there comes along cryptocurrency, NFTs, trading, and many other more investments possible.

[Dunamisx]

It is evident that the moving force in cryptocurrency as a whole is unstoppable, the rate at which it users increases across the nooks and crannies of the globe really worth it, while my joy is seeing the massive adoption starting right from regions it was first rejected and place on ban, now the enlightenment about bitcoin broadened the scope of limiting factors to it acceptability. Bitcoin the best ever first decentralized digital currency.

[Cookdata]

Anyone with little graphics design knowledge will just cook some rough data and present it to the world and the representation is not even well organized, a bar chart would have been better with the numbers of populations.
By now, at least a single person knows what cryptocurrency is all about now in every country, thanks to the last bull run but the main goal is to let them use it, hold it and also buy and sell, it will not just bring popularity, it will be a revolutionary to everyone, especially my African continent.

[KennyR]

It is evident that the moving force in cryptocurrency as a whole is unstoppable, the rate at which it users increases across the nooks and crannies of the globe really worth it, while my joy is seeing the massive adoption starting right from regions it was first rejected and place on ban, now the enlightenment about bitcoin broadened the scope of limiting factors to it acceptability. Bitcoin the best ever first decentralized digital currency.

Yes, this is common to experience around the world. Most of the countries that were opposing the usage of cryptocurrencies and made a ban is now getting used to cryptocurrencies. Same is with the popular people around the world. Recently Peter Thiel, Co-founder of PayPal said getting too late and too little into bitcoin is the biggest mistake he did in this decade. So, it takes time for people to realise and when we realise it looks like an opportunity missed forever.

[nur rochid]

the happiest is when the war broke out and bitcoin took over the role in a transaction. indirectly they think, fortunately there is bitcoin, so that when fiat cannot be used, and bitcoin is meaningful in that situation. From the developments that have been mapped out, I think there will be more and more bitcoin users, and when more and more people are using them, then of course this can urge the government to make regulatory changes.

[savetheFORUM]

the happiest is when the war broke out and bitcoin took over the role in a transaction. indirectly they think, fortunately there is bitcoin, so that when fiat cannot be used, and bitcoin is meaningful in that situation. From the developments that have been mapped out, I think there will be more and more bitcoin users, and when more and more people are using them, then of course this can urge the government to make regulatory changes.

Every now and then the regulation of governments from some countries still continue. If you are a bitcoin user living from one of those countries, what can you feel? Did you feel a major change the way you use your crypto?

I think the effect will also depend on the individual because other bitcoin users can comply with it easily while others are not but you shouldn't say happiness when you are talking about the recent war because people between those country have suffered a lot especially in Ukraine. Sure thing bitcoin have became the star from that war but bitcoin can still be used on the same purpose even if there will be no wars.

[taufik123]

Crypto offers us an convenience, so there is no any crucial term that have to be filled. This is why Crypto become solution for people who is unbankable. We can see the convenience of using crypto in Russian war, although they are banned in economy policy by US, They can still make international transaction with cryptocurrency.

yes I also read about how ukraine received assistance using cryptocurrency media which of course will not be banned by anyone. The ease of using crypto is perfect in an emergency such as the war going on between Russia and Ukraine. Cryptocurrencies span the globe and will not be centralized.
people around the world already know about ceypro and its users will certainly be more and more, more than the current data.

[kryptqnick]

I believe a few hundreds of millions of crypto users around the world is quite accurate, I've seen similar numbers many times. But I think it's a huge generalization to make maps like this, uniting huge chunks of the world into clusters and writing big numbers of users. Some countries can have huge adoption rates, while others might not be into cryptos at all, and such map destroy such differences. Also, if you add all numbers, you get 283 million, whereas it says there are over 300 million users. They can't all be in Antarctica, which isn't on the map, sooo something is missing.

[GreatArkansas]

For me, this kind of data is not so accurate for sure because even when I imagine how they will start collecting the data and start giving such numbers is difficult.
But for me, there are already some tools that somehow they can use to get some data even not so accurate.

I really can't wait in the future when cryptocurrency will become common or normal to most of the people.

[BIT-BENDER]

No one can officially and accurately know how many Crypto enthusiast exist around the world. But I can say for a certain that crypto-currency has really been on the rise recently.
Now in my country we even have established crypto-currency vendors, crypto-currency workshop and lectures and more, the community keeps on increasing and that has been amazing so far. I can say that the estimation there is lower than what we should be having.

[Oceat]

We can't tell how accurate the data is since not everyone would like to share that they have been using Bitcoin or crypto currency. So I don't know who took that but it must be something from the exchange that they took the data to represent as how many are using crypto currency. Although, if we just have to talk about crypto currency users maybe there are lots of them since bounty hunter also may be counted as one of the user but it doesn't specifically tell us that these are Bitcoin users. Maybe for some time Bitcoin adoption will expand more as most bounty hunter would turn to Bitcoin traders/user.

[coupable]

The main takeaway with this map is that there is a growing trend of people who are getting interested with cryptocurrency, starting mostly with Bitcoin and then the most popular alts. And this is a big movement that is so hard to stop because even in China where the government had already banned all forms ad types of cryptocurrency there are still many who are into it. I am just wondering if people in  El Salvador has already been counted on this statistics. Now, with some states of USA and maybe small countries similar to El Salvador about to recognize Bitcoin there is a big possibility that by 2023 the figure could already have ballooned a lot.

I am more on this opinion. Both charts above can be considered as approximate percentages. Problem of accurancy.
I am pretty sure that the number of users is in exponential growth after all the events occured just last month ; The war of Ukraine , EU refuses the law to ban mining activities ; Ukraine officially adopt cryptocurrencies ; Ukraine lunch a website dedicated for donations using bitcoin and eth ... i think the image lacks athe presence of China as the main influencer effectively .

[teosanru]

Okay so i stumbled across this post on twitter and i thought to share it among fellow members,
it shows the growth of crypto around the world, (Over 300 million users around the world) although am not sure how authentic the data or source of the data is, but it is interesting to see how crypto is gradually spreading in different part of the world and would continue spreading in years to come.
Whats your take on this.



Source Link

Really? 300 Million? That is around 4% of the world population, if this is really true I think this is a pretty good number. But I am pretty unsure about the distribution that you are giving in terms of continents because I always expected North America would be someway around the Asian mark because in China Bitcoin is under a partial ban sort of thing which means users won't really hold a wallet there, which means all these users are coming from either India or Indonesia, Pakistan & Bangladesh. Also Europe's adoption is also just 5% of their total population so even that isn't too high, one can easily say there isn't a big difference between developed nations and developing nations here.

[Agbe]

If I may say, crypto currency is used in all the countries in the whole world. Both the countries that make it legal or the countries that make illegal.

https://www.investopedia.com/articles/forex/041515/countries-where-bitcoin-legal-illegal.asp

Crypto currency is not a physical cash whereby a government will come and Stop it. It is an online digital currency for buying and selling of goods and services, so to what extent a government of a particular country can stop it. If any country want to stop the uses of crypto currency indirectly, he is planning to stop the use of Internet.

Therefore, if internet services reached all Countries, every country directly or indirectly uses crypto currency. Government can't stop that because the citizens will use their personal devices to navigate the internet and use it in anywhere they found themselves if there is network in their dwelling places.

[Ale88]

Okay so i stumbled across this post on twitter and i thought to share it among fellow members,
it shows the growth of crypto around the world, (Over 300 million users around the world) although am not sure how authentic the data or source of the data is, but it is interesting to see how crypto is gradually spreading in different part of the world and would continue spreading in years to come.

I know that of course it's an estimation but the numbers, in my opinion, make sense. It also gives us an idea of how much space for future growth there is, which is enormous! It would be interesting to see this chart next year, probably we could see that the number of users doubled!

[bitterguy28]

Okay so i stumbled across this post on twitter and i thought to share it among fellow members,
it shows the growth of crypto around the world, (Over 300 million users around the world) although am not sure how authentic the data or source of the data is, but it is interesting to see how crypto is gradually spreading in different part of the world and would continue spreading in years to come.
Whats your take on this.



Source Link

300 million users ? isn't really authentic because i believe that the record shows the Bitcoin wallet address in existence and not the literal users of crypto around the world as the users mostly wanted to be anonymous and are not on the side of letting the world to know who they are.

so I know that there are no concrete data of crypto users around the world.

the happiest is when the war broke out and bitcoin took over the role in a transaction. indirectly they think, fortunately there is bitcoin, so that when fiat cannot be used, and bitcoin is meaningful in that situation. From the developments that have been mapped out, I think there will be more and more bitcoin users, and when more and more people are using them, then of course this can urge the government to make regulatory changes.

lol who would be happy with the war? just to increase the transaction of crypto you are wishing for the war to broke on ?

[Erumo]

How can there be only 24 million user in South American, when El Salvador has opened accounts for every its citizen and is in a process of distributing them 30$. El Salvador population is 6.5 millions, and it is not most populated South American country. Venezuela has a lot of crypto users. Do Brazilians use crypto? I think yes. Its population is 205 millions. Something isnt right with this numbers on the first post.