Only 106 Million People Own Bitcoin, According to BitBo

Only 106 Million People Own Bitcoin, According to BitBo

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by Kofi Adjeman

a year ago

Made with AI

Recent statistics reveal that Bitcoin ownership remains limited, with only 106 million individuals worldwide holding the cryptocurrency. This figure underscores the potential for significant growth in Bitcoin adoption as it currently accounts for just over 1% of the global population. The source reports that this limited ownership presents a unique opportunity for investors and enthusiasts alike.

Bitcoin's Adoption Curve

The data, sourced from Bitbo, indicates that despite Bitcoin's established presence in the financial sector, it is still in the nascent stages of its adoption curve. In contrast to the more than 5 billion active internet users, the relatively low number of Bitcoin owners suggests ample opportunity for expansion.

Estimation Metrics

These estimates are derived from various metrics, including:

  • wallet activity
  • exchange data
  • on-chain analytics

focusing on individual owners rather than the total number of wallets, which is considerably higher. As institutional interest in Bitcoin continues to rise and advancements in layer-2 solutions progress, experts anticipate a notable increase in the number of Bitcoin holders in the years ahead.

Bitcoin ownership has recently surpassed 106 million holders, reflecting a growing acceptance of digital assets. For more details, see the full report here.

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