• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
Breaking News: How Uniswap Was Deployed On The Binance Smart Chain
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: How Uniswap Was Deployed On The Binance Smart Chain
Bitcoin

Bitcoin Disciples: Only 43.5 Million Own The Crypto Globally, Study Shows

Christian Encila by Christian Encila
2 months ago
in Cryptocurrency news
Reading Time: 3 mins read
Advertisement

Out of 8 billion people living on the planet, only 43 million people own Bitcoin — which amounts to less than 1% of the population.

Despite the success of the cryptocurrency, a minuscule number of the world’s current inhabitants holds ownership of Bitcoin, according to CoinMarketCap.

Are there specific reasons why this is happening? Or is there something going on in the world of cryptocurrency that contributes to this current trend?

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

Confusion Over ‘Ownership’ And ‘Creation’

Before anyone can have access to any form of cryptocurrency online, a user must create their own online wallet for the specific cryptocurrency they want to invest with. It is the same case with Bitcoin, as specific blockchain wallets are created for BTC.

Related Reading: Polkadot Shows No Sign Of Slowing, As DOT Gains 33% In Last 7 Days

Data chart of BTC wallet address created as of Jan. 2022, source: Blockchain.com

From January 2022, a total of 85 million BTC wallets that were unique from each other were created and recorded by Blockchain.com, one of the world’s leading cryptocurrency blockchain hosting sites.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

This is where possible confusion might occur to those who are not familiar with the difference between creating a cryptocurrency wallet versus uniquely owning certain amounts of cryptocurrency.

The unique ownership of the cryptocurrency itself (meaning that they have at least 1 or more BTC in their wallet) is only 43 million worldwide, despite that 46 million Americans have a share when it comes to BTC investment, according to ExplodingTopics.com.

Current data on Bitcoin (BTC) ownership, source: CoinMarketCap

Lack Of Confidence In The Current Crypto Market

Although a growing number of people worldwide (especially in prominent countries such as the United States) are getting more interested in the potential of the power of cryptocurrency and its market, the lack of confidence hinders its potential growth.

Due to the recent crypto market crash of 2022, many potential investors became paranoid about losing their money in an uncertain market at the moment.

Related Reading: BONK Tumbles 66% – Can The ‘Dogecoin Killer’ Live Up To Its Name?

Add the fact that some other countries are not yet ready to fully adapt cryptocurrency in their economies. Some have even pushed regulation against cryptocurrency like India, wherein the governor of the Reserve Bank of India (RBI) Shaktikanta Das wants cryptocurrency to be regulated if not banned in their country, as he sees it as another form of “gambling.”

He stated on behalf of RBI that it doesn’t consider cryptocurrency a viable financial product, according to India Today.

Meanwhile, Bitcoin is trading at $20,883.57 up 23.1% in the last seven days, data by Coingecko show.

-Featured image courtesy of Nation of Change

Tags: bitcoinbtccryptodigital currency
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Christian Encila

Christian Encila

Related Posts

Galaxy Digital CEO Recommends Buying Crypto and Bitcoin Amid US Credit Crunch

Galaxy Digital CEO Recommends Buying Crypto And Bitcoin Amid US Credit Crunch

34 mins ago
Bitcoin

Bitcoin Coinbase Premium Declines, But Still At Green Values, Bullish Signal?

3 hours ago
Love Power Marketplace: a fundamentally new approach to NFT trading

Love Power Marketplace: a fundamentally new approach to NFT trading

3 hours ago
Bitcoin price macro impact

Bitcoin Price Set To Rally As Macro Backdrop Is Perfect, Here’s Why

5 hours ago
Multi Wallet Launches Unique Cryptocurrency Wallet with MSB License and Fiat Integration

Multi Wallet Launches Unique Cryptocurrency Wallet with MSB License and Fiat Integration

5 hours ago
FedNow Fed Ripple

US Fed To Launch FedNow In July, Countering Ripple?

6 hours ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
Coinplay

Coinplay

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
Coinplay

Coinplay

Review · Visit

5 Best New Cryptocurrencies March 2023

March 16, 2023

The Sandbox (SAND) Announces New Partnership, Orbeon Protocol (ORBN) Presale Price Surges And HEX (HEX) Shows Green

March 16, 2023

Cryptocurrencies Price Prediction: Solana (SOL), Aptos (APT) & TMS Network (TMSN)

March 16, 2023

Crypto Price Prediction: Shiba Inu (SHIB) And Aptos (APT) Investors Moving Funds to TMS Network (TMSN) As They See It As More Profitable

March 16, 2023

Metropoly Pushing Boundaries of Real Estate Investment Beyond Propy and LA Token

March 16, 2023

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games
  • Free Spins
  • Play Finance

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.