[2014-09-12] Here’s What the Bank of England Thinks of Bitcoin

[ganabb]

http://blogs.wsj.com/moneybeat/2014/09/11/heres-what-the-bank-of-england-thinks-of-bitcoin/

The bank estimates some 20,000 people (of a nation of 60 million at the moment) in the U.K. hold bitcoins. And daily transactions number about 300 or so.

As a proportion of the U.K. economy that’s obviously tiny: In all the £60 million of bitcoins circulating in the U.K. represent a tiny 0.003% of British broad money balances. All of which means that bitcoin currently represents no financial stability risk to Britain.

[yatsey87]

Where do they make the estimate of 20k people? I don't understand how they could make that sort of assumption, though I don't really care how many people in this country hold bitcoins now, but how many will and use them in the near future. The figure is growing daily.