How influential is crypto worldwide?

[DrBeer]

Statistics are a good thing, but they also need to be properly evaluated.
The number of wallets is not equal to the number of users.
Impact on the financial market - look at the turnover of trading on exchanges and crypto exchanges ? How many percent of the turnover of classical exchanges are the turnover of crypto exchanges ? A very small proportion ...
The only thing we can say is that cryptocurrencies have created a layer of new millionaires. At the same time, we should not forget that the crypto market is purely speculative, and the earnings of some are mostly the losses of others. especially with such a wild volatility.

[1714465729]

1714465729

[WillyAp]

However, at present, we cannot say that it is the sole force shaping the world. In the coming years, traditional currencies and crypto will coexist. Yes, crypto is influential, but it is not the only thing making the world go round, and it is currently too small to replace traditional currencies like the dollar.

I agree.

We have a total approximate number of users that does not exceed 50 million users, and the minimum number is the number of users who have completed the identity verification procedure in CEXs.

I can now estimate the number of cryptocurrency users between 5 million to 70 million, and the number may reach a little more than 50 million, but definitely not 420+ million crypto users.

Coinbase said that.
For me, I set Crypto User around 40 million, there are people using stablecoins and hold no bitcoin. Nothing to store. Plus there are miners.
For me the main achievement are wallets. People outside the 1st world have a hard time getting a bank account.
Do you wish to have a company bank account in Venezuela with abroad access? Cost you 10k in US$, plus you cannot spend those. I 'm pretty sure that is not that unique, Banks and their supervising authorities are more of a hindrance than a stepping stone.  

[DeathAngel]

Crypto use has gained significant influence & widespread adoption worldwide. It’s emerged as a viable alternative to traditional financial systems & is increasingly utilised for various purposes. Crypto is being accepted as a form of payment by businesses & online platforms enabling global transactions. Countries & governments are exploring the potential of cryptocurrencies with some even developing their own digital currencies. The growing popularity of crypto coupled with advancements in blockchain technology has contributed to their global reach & influence which is making them an integral part of the modern financial landscape.

[poodle63]

influential enough that it has become phenomenon across worldwide everyone quite literally has known bitcoin is one of the way to invest these days and when i say everyone i implies those gen-z and millenials that are techy enough or older generation that are techy enough, they know that if they don't invest in stock they can invest in bitcoin even right now in many countries there are companies offering up exchange specifically for cryptocurrency so I guess it has become as popular as the fortune 100 stocks.
but then again in some part of the world they might not even know the existence of cryptocurrency maybe because they just don't care enough
but overall also seeing the market capitalization of all crypto combined you can roughly guess that these are humongous amount and will definitely become massive, in the future and that could also means that the influence of bitcoin will also spread even wider around the worlds.

[sunsilk]

Even if you say that you don't like it, most of the investors refer to the market cap to see how liquid it is. Just look at these websites and their references, they're all highlighting about the companies and assets market capitalization.

• https://www.madisontrust.com/information-center/visualizations/the-25-most-valuable-assets-ranked-by-market-cap/
• https://companiesmarketcap.com/assets-by-market-cap

And from these sample lists, we can happily see that bitcoin is part of the top assets globally.

[Kelward]

Another thing to put into perspective is that many of those.conoanies are over sixty years old now and Bitcoin which is the oldest cryptocurrency is 14 years.

Comparing both industries with very different launch times does not give any accurate suggestions.

I agree with you and this has shown that technology is fast growing because the adoption of cryptocurrency within the short period of time shows that it is a good asset and people believe in it and are always ready to adopt something new.

Bitcoin has grown more than expected in just 14yrs and that shows that it is worth investing in because of its value and potential compare to other asset like stock and bond.

The influence of Bitcoin has greatly increased since it was created 14 years ago, compered to other financial investments like stock and bonds, as you mentioned, which have been existing for many decades. In a very short period of time Bitcoin has been able to measure up as a valuable digital asset, that has the potential to take over and become the most profitable financial investment in the world. This is why it's adoption will continue to increase despite the bans and restrictions in some countries.

[WillyAp]

The influence of Bitcoin has greatly increased since it was created 14 years ago, compered to other financial investments like stock and bonds, as you mentioned, which have been existing for many decades.

In the times of shares there were already VC Companies doing their job.
In crypto you don't see that much.

Investors have been acquiring businesses and making minority investments in privately held companies since the dawn of the industrial revolution. Merchant bankers in London and Paris financed industrial concerns in the 1850s; most notably Crédit Mobilier, founded in 1854 by Jacob and Isaac Pereire, who together with New York-based Jay Cooke financed the United States Transcontinental Railroad.

Are there Crypto VC?

[tyz]

Comparing just to the NY stock exchange can put a lot into perspective:

Should not compare the market caps, because market caps are more or less arbitrary/easy to manipulate. Better to compare the trading volume/liquidity. So, what is the value of stocks traded for those companies daily in comparison to the trading volume of crypto. That gives a better insight.

[WillyAp]

Comparing just to the NY stock exchange can put a lot into perspective:

Should not compare the market caps, because market caps are more or less arbitrary/easy to manipulate. Better to compare the trading volume/liquidity. So, what is the value of stocks traded for those companies daily in comparison to the trading volume of crypto. That gives a better insight.

Ok agreed,
Marketcap is a misleading factor.



Tradevolume of the leading Stock exchanges.

Courtesy of Statistica:
Source

[bettercrypto]

Even if you say that you don't like it, most of the investors refer to the market cap to see how liquid it is. Just look at these websites and their references, they're all highlighting about the companies and assets market capitalization.

• https://www.madisontrust.com/information-center/visualizations/the-25-most-valuable-assets-ranked-by-market-cap/
• https://companiesmarketcap.com/assets-by-market-cap

And from these sample lists, we can happily see that bitcoin is part of the top assets globally.

You are right there. It cannot be denied that no matter which field of the market Bitcoin is included, especially in the market cap, when investors find out about this, they will be really encouraged to invest in Bitcoin or cryptocurrency as long as it is in the top listing. of the market.

There are many people who hear bad things about cryptocurrency or bitcoin, and those who hear bad things about crypto or bitcoin are used to cheat and defraud investors.

[ultrloa]

Even if you say that you don't like it, most of the investors refer to the market cap to see how liquid it is. Just look at these websites and their references, they're all highlighting about the companies and assets market capitalization.

• https://www.madisontrust.com/information-center/visualizations/the-25-most-valuable-assets-ranked-by-market-cap/
• https://companiesmarketcap.com/assets-by-market-cap

And from these sample lists, we can happily see that bitcoin is part of the top assets globally.

You are right there. It cannot be denied that no matter which field of the market Bitcoin is included, especially in the market cap, when investors find out about this, they will be really encouraged to invest in Bitcoin or cryptocurrency as long as it is in the top listing. of the market.

There are many people who hear bad things about cryptocurrency or bitcoin, and those who hear bad things about crypto or bitcoin are used to cheat and defraud investors.

They see the potential of bitcoin for gaining a lot of profit that's why there's a lot of people is trying to participate on any crypto related activities and earn a profit with this. That's the reason why we see a lot of money poured in the market since there's a lot of people believe that they can earn more here rather than other investment. Hopefully this will be a good pointer for government to maybe at least successfully approve those ETF request and then after that bitcoin to became a legal tender will be the next thing to happen.

Their maybe a lot of people heard bad thing about crypto but once they discovered that its isolated cases then their worries about those scams will be eliminated and their want to acquire bitcoin will be high.

[sunsilk]

~snip~

You are right there. It cannot be denied that no matter which field of the market Bitcoin is included, especially in the market cap, when investors find out about this, they will be really encouraged to invest in Bitcoin or cryptocurrency as long as it is in the top listing. of the market.

There are many people who hear bad things about cryptocurrency or bitcoin, and those who hear bad things about crypto or bitcoin are used to cheat and defraud investors.

IMHO, the description of Bitcoin with bad things are now gone. With that I mean, there will still be bad things that we will hear from other people but the crowd won't agree with it anymore.

Gone are the days when everyone has the same negative belief about Bitcoin without even having it. And with those negative words they say, the good things that happens to it are more than that.

The realization of many are come to be said with the same thoughts that they've been late already. But with the comparison of its market cap, that's another factor that they have to consider that it is now one of the best global assets that someone can own.

[WillyAp]

Let's not get hung up in a debate of market cap being good or bad.
In both scenarios market cap and network activity Crypto as a whole is around 10%.

 Due to the concentrated holding of Companies, Whales there is not much room for a movement which spurns a revolution.

So becoming the world currency is off the table. That so much for awakening.
As in shares, investors are not so plentiful in Crypto, let alone in bitcoin.

[lixer]

Another thing to put into perspective is that many of those.conoanies are over sixty years old now and Bitcoin which is the oldest cryptocurrency is 14 years.

Comparing both industries with very different launch times does not give any accurate suggestions.

I agree with you and this has shown that technology is fast growing because the adoption of cryptocurrency within the short period of time shows that it is a good asset and people believe in it and are always ready to adopt something new.

Bitcoin has grown more than expected in just 14yrs and that shows that it is worth investing in because of its value and potential compare to other asset like stock and bond.

What technology? Is it about crypto? If it is, then I won't say it is fast growing because when BTC first came out, it struggled to convince people. It was only after a couple of years it grow quickly because people are already confident about it. While if we mean technology in general, I'd say that it is fast growing because there are lots of stuffs already invented through the years.

In terms of crypto again, no, not all are always into new stuffs, especially when people are aware of the scams happening around and most of those are from new projects. BTC has advantage over the other non-crypto assets but we should be real and say that it also has a disadvantage and this is where others can scale against it.

[WillyAp]

If it is, then I won't say it is fast growing because when BTC first came out, it struggled to convince people. It was only after a couple of years it grow quickly because people are already confident about it.

Confidence, what a nice word for some basic instinct. I call that greed.
Once people heard that with Bitcoin you could double or tribble money they sold their houses, some too late, many at the right time.

 

[Fara Chan]

Confidence, what a nice word for some basic instinct. I call that greed.
Once people heard that with Bitcoin you could double or tribble money they sold their houses, some too late, many at the right time.
 

Confidence can still be called a basic instinct in everyone, but I don't think it's worth mentioning greed for everyone, because not everyone will want to sell their house or residence for the purpose of multiplying their money through Bitcoin. In general, I have also heard stories like that from other people, but what needs to be understood is that only a handful of people want to think like that. Because most people will only use whatever money they have to make a profit through Bitcoin even though this will be done repeatedly every week.

So I don't think it would be appropriate for anyone to say that this is greed, especially if it is aimed at everyone, because those who sell their houses to multiply their money through Bitcoin are people who basically own more houses. However, at that time he did not have any money to invest in Bitcoin so he decided to sell one of his houses in order to be able to do this within a certain time. As for confidence, this arises naturally after everyone sees the facts that have happened to Bitcoin in the last few years.

[God bless u]

I wonder how large is the financial product Crypto as a whole.

Comparing just to the NY stock exchange can put a lot into perspective:



VS



I believe that most of the financial cloud comes from the US, maybe also the EU.
Anyone having statistics from other parts of the world please let us know

Coinweb says that the total number of crypto wallets worldwide is 84.02 million,  a significant portion of users from Europe and the U.S. That makes for 420+ million crypto users.

Quite a lot.   

While Crypto's Total Market cap is no way near to the Stock Market cap. but we must admit that considering how young Crypto is. these marketcaps of every cryptocurrency is very impressive.
Cryptocurrency surely gained substantial influencer in just one and half decade. which is truly impressive.

and OP you should edit your post because Crypto users and wallet numbers are not accurate. lol

[WillyAp]

True not all are greedy, still many are under the crypto crowd.

Confidence can still be called a basic instinct in everyone, but I don't think it's worth mentioning greed for everyone, because not everyone will want to sell their house or residence for the purpose of multiplying their money through Bitcoin.

While Crypto's Total Market cap is no way near to the Stock Market cap. but we must admit that considering how young Crypto is. these marketcaps of every cryptocurrency is very impressive.
Cryptocurrency surely gained substantial influencer in just one and half decade. which is truly impressive.

and OP you should edit your post because Crypto users and wallet numbers are not accurate. lol

Marketcap is value which is not too accurate.
Just remember Pepe, with had an impressive marketcap.

[bettercrypto]

Another thing to put into perspective is that many of those.conoanies are over sixty years old now and Bitcoin which is the oldest cryptocurrency is 14 years.

and those conventional investors are in the stock market because they do not want to feel less secure of their money. Imagine how much we grow over the 14 years of Bitcoin run that we come into perspective comparison with World's largest companies.

Comparing both industries with very different launch times does not give any accurate suggestions.

I agree, but somehow we can foresee how much room do we need to fill in with crypto market. It will take time to be as big as the stock market, and we can see it we are going there.

Speaking of the stock market, I've been dreaming of putting money there for a long time. Because that's okay, but I don't have the capability to make money in the stock market yet. But if I am given the opportunity to make a good profit here in the cryptocurrency business, I will really put money in the stock market.

But right now my priority is cryptocurrency, because it is currently helping me with my expenses for my family and my bills as well. Because a relatively large amount is also needed in the stock market.

[EarnOnVictor]

Another thing to put into perspective is that many of those.conoanies are over sixty years old now and Bitcoin which is the oldest cryptocurrency is 14 years.

and those conventional investors are in the stock market because they do not want to feel less secure of their money. Imagine how much we grow over the 14 years of Bitcoin run that we come into perspective comparison with World's largest companies.

Comparing both industries with very different launch times does not give any accurate suggestions.

I agree, but somehow we can foresee how much room do we need to fill in with crypto market. It will take time to be as big as the stock market, and we can see it we are going there.

Speaking of the stock market, I've been dreaming of putting money there for a long time. Because that's okay, but I don't have the capability to make money in the stock market yet. But if I am given the opportunity to make a good profit here in the cryptocurrency business, I will really put money in the stock market.

But right now my priority is cryptocurrency, because it is currently helping me with my expenses for my family and my bills as well. Because a relatively large amount is also needed in the stock market.

I encourage you not to rush, it is one step after the others, and since you still do not have the financial muscle yet, and perhaps the expertise to engage in stock trading/investment as well, you can wait, there is no need for the rush whatsoever. Cryptocurrency is a very good opportunity for people to earn and your working for a campaign now is a plus, so in the next 2 years or thereabout, I hope that you can get to fulfil this plan without postponing it as procrastination is also not good for success. For you to even have the plan means that you do not want to leave it at cryptocurrency alone, and this is wise. Every reasonable investor must diversify their portfolio for better gain and safety and even having more than stocks in addition to crypto is what I will always encourage people.

Lastly, before you eventually have the money for the investment, nothing stops you from engaging in your crypto investment/trading and learning the stocks trading and investment altogether. I know this and I can tell you that it is easy. Knowing how to invest/trade in cryptocurrency alone has given you some kind of leverage over stocks already, you will only need to learn some terms and the actual psychology and behaviour of the stock markets to get yourself acquainted with it.