Only 4% of the global population owns Bitcoin, with the U.S. leading in ownership. River's research indicates that cryptocurrency adoption is higher in developed regions. However, various factors are limiting BTC's widespread popularity.
Current State of Bitcoin Ownership
According to River, only 4% of the world's population holds Bitcoin, with 14% ownership in the U.S. North America has the highest adoption rate, while Africa remains low at 1.6%.
Reasons for Low Adoption Rates
Despite significant progress, River notes Bitcoin is at only 3% of its potential adoption. Key issues include a lack of financial and technical education and widespread misconceptions.
Obstacles to Mass Adoption
Major obstacles include high volatility and lack of awareness. Residents of developing countries often turn to stablecoins. Meanwhile, the US plans to use stablecoins to reinforce the dollar's role as a global reserve currency.
Bitcoin has growth potential for wider acceptance globally, but this demands bridging educational gaps and managing volatility.
