Only 5% Own Bitcoin: What If 10% of the World Wants It?

[Localhostspeed]

I don't think we have to think about this question.  If the demand for Bitcoin is doubled, it is very obvious that the value of Bitcoin will increase, as for the price, it depends on how desperate the additional 5% of the population is for Bitcoin.  It can double or quadrouple or even more.  But the obvious is that the government will take this opportunity to milk the Bitcoin economy by implementing regulations to profit from Bitcoin trades.

I think we also need to emphasize on where the demand is coming from. If demand is coming from other institutions and not from retailers, it will create a string buy and at the same time string hold. It's one thing to buy Bitcoin and it's another to hold and most institutions envisioned their investment for long term, they don't do like retailers that follow the crowd and sell when the market is another direction.

If you noticed Bitcoin of now and Bitcoin of before, there are more coins on centralized exchanges and among the few institutional investors than the total coins on the hands of retailers. It's a disadvantage on decentralization but good for dumping control. If institutions hold large Bitcoin and want more, the price of Bitcoin will be insane only that the day they intend to sell is not going to be funny.

[PrivacyG]

even if we take into account all the generated ETH, DOGE and LTC addresses that have been around for a long time and some popular alts that have been around for a few years, we are probably not even close to the number of 700 million users.

The number probably comes from this link,
https://statisticsfundamentals.com/blog/finance/cryptocurrency-statistics/

It claims there are over 700 million OWNERS, which is absolutely B S.  Is it even worth mentioning that they claim over 2 out of 10 Turkish adults own Cryptocurrencies and about 2 out of 10 American adults do?

For a good laugh, their lowest range of estimation is that 1 out of 10 women around the World own Cryptocurrencies.  That would be about 40 million women!

I think that such numbers are the product of a kind of advertising that comes from various services for cryptocurrencies, primarily CEXs, which may be trying to create a FOMO effect. Such articles have appeared frequently in the past, the OP has probably read something like that.

I had the same feeling.  But now I believe it is simply an 'AI' article posted on an 'AI' junk website.

[LUCKMCFLY]

What has always been most desired is adoption. I don't know if it's currently at 5%, but if with 5% it has already reached over $100k, imagine how much it could reach if it goes beyond that double that? This is something that could bring very positive momentum from everyone. Currently, the BTC market is fluctuating, above the $80k level, which isn't bad at all. Adoption will gradually arrive and take hold. It might take a while, but everyone is talking about BTC more now, and even the most negative news outlets are doing so, which already says a lot.

[knuckey]

It is estimated that more than 95% of the total potential supply of Bitcoin has already been mined, yet only 5% of the world's population holds Bitcoin worth at least $1.
A question for everyone: what will happen when 10% of the world's population shows an interest in acquiring it?

What is certain is that interest in adopting Bitcoin is increasing, and this increase in interest will always be followed by price movements. If Bitcoin adoption reaches 10% worldwide, it would not be surprising if Bitcoin could become legal tender in several countries, and its development would be much faster, and its appeal would begin to spread more rapidly than it does now.

[alani123]

I'd say 5% is still pretty optimistic and I would not trust the exchanges or serviced that are part of the industry with statistics.

If 5% is true it would be easy with any random sample to find this result because it's a significant enough amount for it to be spread around the general population.

That also means that 1/20 people own bitcoin. Do you believe out of the people you know 1/20 owns bitcoins? It would mean in each college class you should be able to find several people. Yet the most likely scenario is none.
.don't trust, verify. We're not they far yet.

[X-ray]

It is estimated that more than 95% of the total potential supply of Bitcoin has already been mined, yet only 5% of the world's population holds Bitcoin worth at least $1.
A question for everyone: what will happen when 10% of the world's population shows an interest in acquiring it?

Law of supply and demand take effect as usual and price could potentially go up.

Bitcoin is fractional, and what it means by fractional is you can divide 1 BTC to 100,000,000 satoshi, when demand is high and price rise there could be a unit shift from Bitcoin to satoshi.

When that happen we got quadrillion satoshis to distribute for the 10% world population to hold, easy. Even if 50% of world's population shows an interest, no problem.

[stompix]

~snip~
There are only 50,232,294 addresses with more than $1 worth of Bitcoin.
Even assuming one address per person, which is obviously false as most have at least two or three, that is 0.625% of the world population.

It just shows how much people actually care about anything decentralized, let alone decentralized currency.

Yeah, and all this becomes clear when you step outside the crypto forums and the crypto influence zone and you realize in the daily real life nobody relly cares that much about crypto.
I always tell people, step aside for 7 days from the forums and x and you will have the feeling Bitcoin is dead, this is why I always think those numbers of hundreds of millions of users are just pure bs.

I doubt we are more than 10-20 million owners, including of IOU Bitcoin notes on CEXs, and far more likely around a few millions of actual users, like people that actually use it now and then.

The number probably comes from this link,
https://statisticsfundamentals.com/blog/finance/cryptocurrency-statistics/
It claims there are over 700 million OWNERS, which is absolutely B S.  Is it even worth mentioning that they claim over 2 out of 10 Turkish adults own Cryptocurrencies and about 2 out of 10 American adults do?

You know what's funny?
When they claim those numbers, you have a base from which you then need to grow...
And if you start with 700 million and you need to hype a 30-50% grow ina  few years you will be left with no humans not owning crypto in the entire world.

[traderethereum]

It is estimated that more than 95% of the total potential supply of Bitcoin has already been mined, yet only 5% of the world's population holds Bitcoin worth at least $1.
A question for everyone: what will happen when 10% of the world's population shows an interest in acquiring it?

They will buy it on exchanges and that could makes the price increases because the demand will also increases. We as Bitcoin investors should happy because we could take our profit by selling Bitcoin.

That situation could trigger the price jump to the very high price. We already have seen $126k as the last ATH so just imagine how high the price will be.

[slaman29]

5% of the world population are holders? 400 million people hold Bitcoin? I'm not so good at maths but that absolutely doesn't make sense.

How does it not make sense? Too much people are holding bitcoin already or you think the percentage mentioned is wrong?

I can't believe 400m people own Bitcoin. Only if you count broker apps where there is no actual Bitcoin. 5% is 1 in 20. True in some countries, absolutely not in most.

Idk how accurate the 400M figure is, since I have not spent time looking into it. But I don't think you can use Bitcoin adoption in your own country to gauge the ownership rate worldwide. Demand for using and holding it is totally different from region to region.

Besides, you don't need to be particularly tech savvy to own Bitcoin.

I used my country as a country that has a high tech literacy and app use. I could be wrong but the number just didn't make sense. Googling it and yeah it seems conservative on ramp estimates say only 100m.

and I somewhere read that there are around 700 million people who are involved in crypto.

They must have smoked some thing really good to reach that conclusion.

Yeah, I figured ok if you count every single person who had a faucet, casino, Telegram wallet, Robinhood app, Paypal BTC OK then maybe maybe 400m but that means we're counting a lot of people who don't OWN Bitcoin. I think having BTC in an account is really not the same thing at all.

[goldkingcoiner]

It is estimated that more than 95% of the total potential supply of Bitcoin has already been mined, yet only 5% of the world's population holds Bitcoin worth at least $1.
A question for everyone: what will happen when 10% of the world's population shows an interest in acquiring it?

Easy logic, I would say.

We have a limited supply of something that people want, and it can be divided into smaller and smaller pieces. So what will happen when more people have a demand for it? Obviously the price for each piece will go up and this something will get more and more distributed and adopted (very important, even more so than the price).

Or am I missing something? I am not going to pretend to be an expert economist, but to me it looks like Bitcoin has a very important future ahead of it.