- Cryptocurrencies have existed since 2009, the year the first cryptocurrency – Bitcoin – was launched. However, he was not alone for a long time. Its success spread widely and in 2011 the first altcoin (alternative to Bitcoin) Litecoin was launched. Since then, thousands of different projects have entered the market.
Cryptocurrencies have existed since 2009, the year the first cryptocurrency – Bitcoin – was launched. However, he was not alone for a long time. Its success spread widely and in 2011 the first altcoin (alternative to Bitcoin) Litecoin was launched. Since then, thousands of different projects have entered the market.
Cryptos have already experienced several impressive boom phases. Towards the end of 2017, towards the beginning of 2018, we experienced the last and by far the largest.
These stages have introduced many people to the crypto market. Today, almost everyone has heard of Bitcoin and altcoins, at least superficially. But how many people actually own cryptocurrency?
Cryptocurrency holders can only be “predicted”
While blockchains are transparent and it is easy to identify addresses where cryptocurrencies are located, you never know how many addresses a person has. With Bitcoin, for example, it is common to create a new Bitcoin address for each transaction and then transfer the remaining balance to that address. Users can also create multiple addresses for other cryptocurrencies. Probably the best approach is to use crypto exchanges’ user accounts. On crypto exchanges, you must verify yourself and confirm your identity. By knowing the approximate number of users crypto exchanges have, you can guess the people involved in cryptocurrencies.
Blockchain.info shows that around 20 million users were counted between 2016 and 2019. Among them, as mentioned, may be users using more than one wallet. Statista.com shows 26 million blockchain users; Here too, multiple accounts per user are possible. Coinbase, on the other hand, has more precise figures. They are currently reporting about 13 million active users. A rough estimate can be made with this data. If it includes other crypto exchanges such as Binance (which has many more users than Coinbase), the number of cryptocurrency holders should be between 20 and 40 million.