This question is an extremely important one for a reason no one has mentioned yet.
Cryptocurrency is unregulated.
Users are more anonymous than users of traditional money.
As more people buy and use crypto, more economies are not going to know their true wealth as a whole.
As time passes and the numbers grow even more, someone......somewhere.....is going to have to re-define what a first world country is and what a third would country is, because the old definition was based on currency we can track.
Heavy stuff.
Topic: What percentage of the world population holds some crypto? (Read 940 times)
It is very difficult to measure the exact number of users. This is due to the fact that the same user may be owning multiple wallets. Also he may be using different ID cards for different exchanges and investment sites. But right now, a liberal estimate may be somewhere around 5 million to 10 million users for BTC. The number of users for the alts doesn't matter, because I guess 99% of them also owns at least a small amount of BTC.
There are just few of us who are into crypto and we're lucky to be ahead among those who are in the other market such as forex. If I have to guess its less than 3% of the population in the world who uses crypto currencies. Big companies though are already into it.
two big mistakes you are making in my opinion:
1. using marketcap which is meaningless because you are talking about "how many people are holding".
2. you are talking about crypto in general! that 7B only knows and hears about bitcoin and never any of the altcoins!
you see, majority of those who are in "crypto" are in it for trading it. and traders never hold crypto instead they go in fiat and stay there. which means your number is far less than what you've calculated. and who cares about traders who hold crypto for a short period of time!
the only important factor regarding crypto currencies is their utilities. if they have some real world usages then we have something to measure and talk about. but as far as they are being traded in exchanges and never even leave their platform all the numbers are meaningless: volume, supply, price, marketcap,...
1. using marketcap which is meaningless because you are talking about "how many people are holding".
2. you are talking about crypto in general! that 7B only knows and hears about bitcoin and never any of the altcoins!
you see, majority of those who are in "crypto" are in it for trading it. and traders never hold crypto instead they go in fiat and stay there. which means your number is far less than what you've calculated. and who cares about traders who hold crypto for a short period of time!
the only important factor regarding crypto currencies is their utilities. if they have some real world usages then we have something to measure and talk about. but as far as they are being traded in exchanges and never even leave their platform all the numbers are meaningless: volume, supply, price, marketcap,...
the percentage is very small...untill now there are many ppl that never know about bitcoin ..
This is really a complicated thing to calculate , and I am shocked that how did you calculate the percentage of the cryptocureency user .
Here in my country , every person is entering in this field to make a descent amount of the earnings but they don't want enter in this field fully .
Everyone talking about the Bitcoin and want hold then sell at high rate ( after increase in price ) . So I am thinking that not all the people are in cryptocurrency , only few of them are seriously working in every manner and other are just passing his time .
In my own community nd friends circle , only 6% people are in the Bitcoin and only 1% of them are using Bitcoin with altcoins ( so here you can easily understood about it , that what probability of the % of users in.this field ) .
Here in my country , every person is entering in this field to make a descent amount of the earnings but they don't want enter in this field fully .
Everyone talking about the Bitcoin and want hold then sell at high rate ( after increase in price ) . So I am thinking that not all the people are in cryptocurrency , only few of them are seriously working in every manner and other are just passing his time .
In my own community nd friends circle , only 6% people are in the Bitcoin and only 1% of them are using Bitcoin with altcoins ( so here you can easily understood about it , that what probability of the % of users in.this field ) .
You can usually take a first cut at it, and get I reckon within 1/2 and order of magnitude either way
( Even here in my friend Circle I explained them to work with virtual money ,.which is not possible for everyone because not every people want help , but only few like us )
This is really a complicated thing to calculate , and I am shocked that how did you calculate the percentage of the cryptocureency user .
Here in my country , every person is entering in this field to make a descent amount of the earnings but they don't want enter in this field fully .
Everyone talking about the Bitcoin and want hold then sell at high rate ( after increase in price ) . So I am thinking that not all the people are in cryptocurrency , only few of them are seriously working in every manner and other are just passing his time .
In my own community nd friends circle , only 6% people are in the Bitcoin and only 1% of them are using Bitcoin with altcoins ( so here you can easily understood about it , that what probability of the % of users in.this field ) .
Here in my country , every person is entering in this field to make a descent amount of the earnings but they don't want enter in this field fully .
Everyone talking about the Bitcoin and want hold then sell at high rate ( after increase in price ) . So I am thinking that not all the people are in cryptocurrency , only few of them are seriously working in every manner and other are just passing his time .
In my own community nd friends circle , only 6% people are in the Bitcoin and only 1% of them are using Bitcoin with altcoins ( so here you can easily understood about it , that what probability of the % of users in.this field ) .
You can usually take a first cut at it, and get I reckon within 1/2 and order of magnitude either way
This is really a complicated thing to calculate , and I am shocked that how did you calculate the percentage of the cryptocureency user .
Here in my country , every person is entering in this field to make a descent amount of the earnings but they don't want enter in this field fully .
Everyone talking about the Bitcoin and want hold then sell at high rate ( after increase in price ) . So I am thinking that not all the people are in cryptocurrency , only few of them are seriously working in every manner and other are just passing his time .
In my own community nd friends circle , only 6% people are in the Bitcoin and only 1% of them are using Bitcoin with altcoins ( so here you can easily understood about it , that what probability of the % of users in.this field ) .
Here in my country , every person is entering in this field to make a descent amount of the earnings but they don't want enter in this field fully .
Everyone talking about the Bitcoin and want hold then sell at high rate ( after increase in price ) . So I am thinking that not all the people are in cryptocurrency , only few of them are seriously working in every manner and other are just passing his time .
In my own community nd friends circle , only 6% people are in the Bitcoin and only 1% of them are using Bitcoin with altcoins ( so here you can easily understood about it , that what probability of the % of users in.this field ) .
At this point given there are say 7B people in the world what % hold any crypto
I calculated about 0.07%, given 5M people
= 5e6/7e9
multiply by 3 for saying 90% is held in the 1st world
= 0.2%
given the gini coef or something similar the distribution would be really skewed distribution
if the market cap = 100B this implies 20K per person at 5M
given the actual distribution, it must be more like 5% of the 5M hold 90% so they hold 360K each.
and so on.
what are your back of the post card calculations?
I calculated about 0.07%, given 5M people
= 5e6/7e9
multiply by 3 for saying 90% is held in the 1st world
= 0.2%
given the gini coef or something similar the distribution would be really skewed distribution
if the market cap = 100B this implies 20K per person at 5M
given the actual distribution, it must be more like 5% of the 5M hold 90% so they hold 360K each.
and so on.
what are your back of the post card calculations?
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