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Author Topic: Number of people who own Bitcoin.  (Read 73 times)
Seven Star7 (OP)
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Today at 06:57:09 AM
 #1

Number of people who own #Bitcoin:
1. 🇮🇳 India: 93M 
2.🇺🇸 United States: 46M 
3. 🇨🇳 China: 41M 
4. 🇳🇬 Nigeria: 18M 
5. 🇻🇳 Vietnam: 17M 
6. 🇮🇩 Indonesia: 14M 
7. 🇹🇷 Turkey: 12M 
8. 🇵🇭 Philippines: 10M 
9. 🇧🇷 Brazil: 9M 
10. 🇵🇰 Pakistan: 7M 
11. 🇲🇽 Mexico: 7M 
12. 🇦🇷 Argentina: 7M 
13. 🇿🇦 South Africa: 6M 
14. 🇹🇭 Thailand: 5M 
15. 🇷🇺 Russia: 5M 
16. 🇪🇬 Egypt: 4.5M 
17. 🇰🇷 South Korea: 4.5M 
18. 🇺🇦 Ukraine: 4M 
19. 🇨🇴 Colombia: 4M 
20. 🇪🇸 Spain: 3.5M 
21. 🇬🇧 United Kingdom: 3.5M 
22. 🇮🇷 Iran: 3.5M 
23. 🇫🇷 France: 3M 
24. 🇯🇵 Japan: 3M 
25. 🇩🇪 Germany: 2.8M

source

It's amazing to see so many people waking up to Bitcoin. History has warned us of what happens when people lose faith in their currency, isn't it nice to see the opposite happen? Even better, my country, Nigeria, is ranked 4th in the world in terms of Bitcoin ownership among many countries.
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Today at 07:19:07 AM
 #2

I don't believe in this data that you presented because there's nothing to back it up. Bitcoin is a decentralized digital currency which makes it difficult to know who and who owns bitcoin currently, especially if they store their coins in a self custody wallet. There are a lot of OGs that own bitcoin but you wouldn't know. A post of X doesn't mean that it's true.

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Today at 07:25:53 AM
 #3

From the record, the number of hodlers in India is quite high compared to their population and that of China. Although what could have affected China in my view is their stance about cryptocurrency and bitcoin from the beginning since around 2016/2017 when they threatened and ban crypto trading.

However, coming to Nigeria, I believe the rate of adoption and hodling of bitcoin in Nigeria will grow more and if we consider the percentage of population that is hodling now and the total Nigeria population of about 250million.

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Today at 12:43:05 PM
 #4

From the data you presented here, Nigeria is ranked the 4th position out of the 25th countries with a population of 18 million people. If this information is true, it means we are embracing digital and Blockchain technology. Of a truth is a welcomed development but need the support of the federal government of Nigeria to grow higher and make exploit in Blockchain technology.

Bitcoin is a topnotch digital investment and if only the federal government of Nigeria will fully be in support, they can invest in Bitcoin and Blockchain technology, thereby creating job opportunities and boosting Nigeria's economy.

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Today at 01:42:09 PM
 #5

Aam sorry OP you may have to correct your thread title to number of countries that are holding Bitcoin and not number of people as being mentioned there.

If we are to talk of numbers of people holding bitcoin, I don't think we can even have them all, except we choose a particular niche in doing that, maybe considering the whales and stating the rate they are holding, all in consideration.

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Today at 05:21:51 PM
 #6

I don’t trust this data, the source doesn’t say what analytical metrics they used to reach their conclusion. It’s true bitcoin is popular in growing economies because of its volatility and value. If the population of Nigeria is 200 million+, and the data says only 18 million people are bitcoin hodlers, that’s less than 10% of the population. And I would assume the data was gotten from exchanges that require some sort of kyc.

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Today at 05:46:19 PM
 #7

The number of Bitcoin users in the world has increased but I think the number of Bitcoin users in Nigeria that has been cited is not accurate. The post you made also doesn't mention how the data was collected, but it is true that there are Bitcoin users in the countries listed here, but the fact that Nigeria only has 18 million people using Bitcoin is suspicious to me because there are more people involved in Bitcoin than that.

However OP you haven't brought up anything new here or made a new post on this topic because I have seen similar posts before, but the title and content were different. Another member of our local board made this same post earlier, and you did it using the same tweet.

https://bitcointalk.org/index.php?topic=5569282.msg66207213#msg66207213

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Today at 09:15:59 PM
 #8

Aam sorry OP you may have to correct your thread title to number of countries that are holding Bitcoin and not number of people as being mentioned there.

If we are to talk of numbers of people holding bitcoin, I don't think we can even have them all, except we choose a particular niche in doing that, maybe considering the whales and stating the rate they are holding, all in consideration.

You're right as I also figured the controversy of the Op talking about people that owns bitcoin but are giving lists of countries owning bitcoin. Even that of the data as instigated with the values owned by the bitcoin users at each country may be invalid because it can't be proven to be comprehensive because on daily basis there're enthusiasts transacting with bitcoin and so on buying and selling of bitcoins.
I wonder where the data of each of those countries with the rate of their acquired bitcoins is derived from because I'm sure it's impossible to gather the total number of bitcoin users and same time analyses total of funds they holds.

Oh, did we not know that there're hodlers who had acquired their bitcoins by freelancing and other tasks that earns them bitcoin for free without buying it. We also know that those holding their bitcoins for the long term would always hold their assets on the non custodial wallets and not one like the custodial wallets where they could have a summary of user's.

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