Iike 20 percent of the worlds population
I don't think 20% masked the whole worlds population. I was thinking below through it, not because bitcoin and cryptocurrencies being introduced to the world, this will mask a big amount of people going into crypto.
Great question!
There are a couple different ways to work through this one - here's two options for how I'd approach it. And I start by getting specific with the question. Asking how many people are "in to" anything is super vague. Let's talk about how many people are owners. And instead of focusing on all crypto currency, let's talk about Bitcoin - how many people own Bitcoin?
(1) Do some good secondary research! I've spent some time doing some research and have arrived at 5% as the answer, 5% of the worlds population (it is estimated) owns Bitcoin. Source:
http://bfy.tw/GGsB(2) Do some math to arrive at an educated assumption - details forthcoming!
Great, this is what my intuition is telling me about 5% of 7 billion people is engaged in crypto. Well, that's a big amount. That's 7,000,000,000 * .05 = 350,000,000. 350 million people already engaged in crypto.
I was just wondering what if cryptocurrency mask 50-70% of the whole population, I was just wondering if people will focus more on cryptocurrency and make cryptocurrency as their mode of payment and etc.