How Many People Own Bitcoin and How They Use BTC?

Millions of people use Bitcoin daily all around the world. Do you know how they are distributed?

At the moment, it is estimated that there are 23.7 mln Bitcoin addresses. This is about 0.31 percent of the total population. Also, if we factor in the fact that Bitcoin users usually have more than one address, the number of unique active users decrease further.

Remember Satoshi Nakamoto, the father of Bitcoin? He is definitely proud of his ‘son’ at the moment. It was said that his account contains 980,000 Bitcoins, translating to $15.2 bln. Impressive, right?

We also found out that about 96 percent of the total amount of Bitcoin is owned by just four percent of the addresses listed. Here are other statistics that might interest you.

1. 457,000 addresses have more than $10,000

2. The top 100 richest Bitcoin addresses have over $19 bln between them

3. Over 500,000 Bitcoin.com wallets have been downloaded

4. Bitcoin manages over 12,000 transactions per hour

5. 99,000 Bitcoins are sent hourly.

Despite all these, why do you think people scarcely use Bitcoin?

Reasons why people don’t use Bitcoin

The following are the top reasons why people desist from using Bitcoin. They are ranked in order of popularity.

1. Bitcoin is complicated and difficult to understand

2. It is difficult to use

3. People believe it is a scam

4. The fees required are too many

5. People are just disinterested in the venture

6. They believe it’s a bubble

7. The risks involved are too high

Finder’s survey on how many people use Bitcoin

Finder set out to understand the distribution of cryptocurrency among the American population. Specifically, the gender distribution statistics and interest level. They reported that 92 percent of the American populace have not invested in Bitcoin or any other digital currency and eight percent plan to invest in the nearest future.

They further discovered that 10.3 percent of those asked owned one form of cryptocurrency and 5.15 percent of these owners owned Bitcoin. The average amount of money people spent on Bitcoin was estimated to be $3,453.89.

Although it is worth noting that they only surveyed 2001 adults, representing 0.0011 percent of the adult population.

Survey on how many people use Bitcoin by Global Blockchain Business and Survey Monkey

This joint survey included 5,761 adults in America and only five percent of the correspondents own a cryptocurrency. 21 percent claimed that they were considering investing in cryptos.

LendEDU’s survey on how many people use Bitcoin

LendEDU surveyed 1,000 individuals and gleaned that 13.99 percent of this survey participants own Bitcoin. Another 17.18 percent had intentions of investing in bitcoin in the nearest future.

Who uses Bitcoin more?

Male or females? Millennials or generation X? Who uses Bitcoin more and how many people use Bitcoin in the different categories? Let’s look at the results of the survey.

Combining the data from Finder, LendEDU, and Global Blockchain Business and Survey Monkey, the following conclusions were drawn.

1. Men generally invest in cryptocurrency more than their female counterparts.

2. Millennials invest more compared to members of generation X.

3. Those who are considering investing in cryptocurrency outnumber those who have made an investment in the digital currency.

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