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News related to Crypto / Re: Number of Crypto Owners Globally Reached 580 Million in 2023, Report Shows
« on: January 29, 2024, 05:21:56 AM »Certainly, I have no doubt that there is an increase in the number of people using cryptocurrencies now compared to previous years. This is exactly what I meant when I said that the report is inaccurate because most of these people prefer to maintain their privacy, so it is certain that the numbers are much larger.Statistics about the owners of cryptocurrencies in the world are usually not accurate because most people who work in crypto prefer to hide their identity and maintain their privacy, given that crypto is banned in most countries of the world. Therefore, it is difficult to obtain accurate numbers. Personally, I expect the real number to be greater than that.
Despite maybe the questionable source of this estimate, what is sure is that there is that increase of people who are now into cryptocurrency compared to years ago. More and more people are now seeing how this industry can help them in their quest for financial freedom and there are those who look at Bitcoin and other digital assets as one of the best vehicles for trading. For ordinary guys like me, it is HODLING that can be more attractive but we should just vet it well and not be dissuade to go for questionable coins or tokens that can crash in price anytime. Part of the increase can be attributed to some countries who experienced run-away inflation lately and people there wanna protect their assets with the use of crypto acting like a safe haven with a good potential for growth. I would assume that in 2024, there will be further growth as this is going to be a very exciting year for cryptocurrency most especially Bitcoin and Ethereum.
There is no doubt that these numbers will grow at a very rapid pace in the coming years for many reasons, including what you mentioned, that cryptocurrencies help people in their quest to obtain financial freedom, as well as due to the inflation that most countries suffer from, and the endeavor of most people to preserve their assets by converting them to cryptocurrencies.