The global crypto ownership surge in 2023: an extremely hot bullrun is coming

[MrSpasybo]

The crypto industry experienced remarkable growth in 2023, with the number of crypto owners worldwide increasing by a staggering 34% to reach an estimated 580 million by the end of the year.

Bitcoin holders grew 33% to 296 million in December from 222 million at the start of the year. In all, bitcoin holders make up 51% of all cryptocurrency holders.
Ether owners increased 39% to 124 million by the end of the year to comprise 21% of the worldwide crypto owner base^[1].

The surge in crypto ownership was particularly evident in emerging markets, where individuals sought alternative investment opportunities and a hedge against inflation. In countries like India, Vietnam, and Nigeria, the number of cryptoowners grew by over 100% in 2023. This surge in adoption was driven by several factors, including the growing popularity of DeFi, the increasing acceptance of crypto by mainstream institutions, and the rising awareness of the potential benefits of blockchain technology^[2].

I believe that the surge in crypto ownership will become a major driving force for the growth of the crypto market in cycle 2024. Nearly 150 million new crypto owners with new capital, new greed and new expectations will push BTC and many ALTS to ATH and crypto total Cap can reach $10T in 2025.

However, I am also worried that the growing popularity of crypto will also lead to increased regulatory scrutiny from governments around the world. Governments will use the excuse of protecting investors and preventing the use of crypto for illicit activities to issue many new regulations to protect fiat and the right to manage the economy. I think taxes will be higher and investors will have more obligations to report their activities in this market.

Have you seen an explosion in the number of people interested in crypto around? Are you optimistic about market growth in the bullrun 2024-2025? Are you worried about increased taxes and strict regulations for this market?
[1] Global crypto owners increased 34% to 580 million by end of 2023, Crypto.com says in report
[2] Leading the Way in Grassroots Crypto Adoption

[Captain Corporate]

I don't know how they calculated this, I hope its not the number of wallets or something, but I am sure that the number of people who are investing into crypto is definitely increasing, that much has no doubt. Its not really that shocking , and I believe that it should be expected result considering how crypto can outpace any other investment when it comes to profit making. Sure there are years like 2022 where we lose money and that's why there are still some people who are afraid of joining, or people who joined and lost money during those periods, but also we have years like 2021, and those years make people join like crazy and increases our numbers all the time.

[MUGNIA]

I never saw the explosion directly, but looking at articles and the like there are a lot of new people entering crypto, for example in every forum there are definitely new members looking for information about bitcoin and other altcoins.

I'm definitely afraid of increasing taxes and the market, the more people use it, the stricter the government will provide unreasonable policies for crypto, actually it doesn't matter if crypto is legalized, this is mostly the government refuses but they collect taxes for every transaction

[Don Pedro Dinero]

Have you seen an explosion in the number of people interested in crypto around?

Not at all.

Are you optimistic about market growth in the bullrun 2024-2025?

No more than I was before I read this news.

Are you worried about increased taxes and strict regulations for this market?

Yes

I don't know how they calculated this, I hope its not the number of wallets or something...

I don't know, but it's not the first news of this kind, which is so beautiful that it's hard to believe. Coming from Crypto.com, which is obviously an interested party, I give it little credibility.

[lepbagong]

I don't know how they calculated this, I hope its not the number of wallets or something, but I am sure that the number of people who are investing into crypto is definitely increasing, that much has no doubt. Its not really that shocking , and I believe that it should be expected result considering how crypto can outpace any other investment when it comes to profit making. Sure there are years like 2022 where we lose money and that's why there are still some people who are afraid of joining, or people who joined and lost money during those periods, but also we have years like 2021, and those years make people join like crazy and increases our numbers all the time.

The influence of technological advances and social media has made everyone understand what crypto is, want to learn, and also start to dare to invest regularly. It is clear that this will certainly increase the population's interest in crypto, resulting in more and more investment, even though it cannot beat investments in shares that have started earlier. It's not impossible; like you said, it will be the best. Because the profits obtained are also quite large, like what happened in 2021, many will be disappointed when prices do not move to increase in 2022–2023.

[MrSpasybo]

I never saw the explosion directly, but looking at articles and the like there are a lot of new people entering crypto, for example in every forum there are definitely new members looking for information about bitcoin and other altcoins.

I'm definitely afraid of increasing taxes and the market, the more people use it, the stricter the government will provide unreasonable policies for crypto, actually it doesn't matter if crypto is legalized, this is mostly the government refuses but they collect taxes for every transaction

We can predict more people joining the crypto market from people starting to mention BTC and crypto in their lives and on social networks, the increase in the number of members and discussions on crypto forums also shows this. I don't understand how the data is recorded and calculated, but at least it tells us that more and more people are interested and investing in crypto!

As the number of crypto users becomes large, governments will no longer be able to remain silent or ignore crypto. The legal framework and tax collection will work, I can be sure of that. I hope we won't have to abandon the market just because crypto taxes are ridiculously high.

[Kemarit]

I don't know how they calculated this, I hope its not the number of wallets or something, but I am sure that the number of people who are investing into crypto is definitely increasing, that much has no doubt. Its not really that shocking , and I believe that it should be expected result considering how crypto can outpace any other investment when it comes to profit making. Sure there are years like 2022 where we lose money and that's why there are still some people who are afraid of joining, or people who joined and lost money during those periods, but also we have years like 2021, and those years make people join like crazy and increases our numbers all the time.

The influence of technological advances and social media has made everyone understand what crypto is, want to learn, and also start to dare to invest regularly. It is clear that this will certainly increase the population's interest in crypto, resulting in more and more investment, even though it cannot beat investments in shares that have started earlier. It's not impossible; like you said, it will be the best. Because the profits obtained are also quite large, like what happened in 2021, many will be disappointed when prices do not move to increase in 2022–2023.

Hopefully this is the case, but if you look at it, most of this influencers are telling us that crypto is a get rich quick scheme, meaning that they are all for shill of what their favorite crypto is. But regarding this crypto bull run, it's going to be big, and as we have seen, every block halving years is the catalyst for a bull run, all time high being set.

But after that, it's bear cycle, so we might see the numbers going down again. But we should look forward for 2024-2025, year of the bull run and obviously, it will trigger about global crypto ownership.

So Bitcoin, we might rely on this numbers: https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

[Jating]

I don't know how they calculated this, I hope its not the number of wallets or something, but I am sure that the number of people who are investing into crypto is definitely increasing, that much has no doubt. Its not really that shocking , and I believe that it should be expected result considering how crypto can outpace any other investment when it comes to profit making. Sure there are years like 2022 where we lose money and that's why there are still some people who are afraid of joining, or people who joined and lost money during those periods, but also we have years like 2021, and those years make people join like crazy and increases our numbers all the time.

The influence of technological advances and social media has made everyone understand what crypto is, want to learn, and also start to dare to invest regularly. It is clear that this will certainly increase the population's interest in crypto, resulting in more and more investment, even though it cannot beat investments in shares that have started earlier. It's not impossible; like you said, it will be the best. Because the profits obtained are also quite large, like what happened in 2021, many will be disappointed when prices do not move to increase in 2022–2023.

It's more on the investment side that's why many are into crypto right now. I doubt that they are going to used as how it was designed, for example Bitcoin, for online payment scheme.

But it's good though regardless, as long as we are growing, whether for Store of Value (Sov), or assets or hedge against inflation, crypto is going to be the best asset for that no question about it.

And now that we are in the bull cycle, ownership will go up and market cap will be in trillions maybe 3x of what we have right now or even higher.

[jeraldskie11]

The number of addresses who held Bitcoin can be traceable but the persons who own that addresses is unidentifiable unless they have used exchanges. We don't know if the investors own 3 to 5 addresses who have Bitcoin because it didn't have any transactions that can make us to identify if he is the same person because most of them are using mixers. They used it for their security and privacy to their lives. That's why I don't know how do they get that information but I believe the increase of addresses who hold Bitcoin makes the price less volatile.

[0t3p0t]

Maybe one person has this tens or hundreds of addresses that contain their hodlings as a way of diversification so I think they don't trace it like that correct me if I'm wrong. But one sure thing that triggers the surge is the FOMO that something great will happen in the upcoming year 2025.

[MrSpasybo]

The number of addresses who held Bitcoin can be traceable but the persons who own that addresses is unidentifiable unless they have used exchanges. We don't know if the investors own 3 to 5 addresses who have Bitcoin because it didn't have any transactions that can make us to identify if he is the same person because most of them are using mixers. They used it for their security and privacy to their lives. That's why I don't know how do they get that information but I believe the increase of addresses who hold Bitcoin makes the price less volatile.

Yeah, I agree with this, the truth is that I also have a few dozen accounts on many different blockchains. I'm not sure how they obtained this figure, it could come from the number of independent users who have performed KYC on exchanges, combined with some assumption regarding on-chain accounts. The report cannot give exact figures, but it does suggest an increase in the number of people participating in the crypto market.

I think it's true that the number of market participants has also increased thanks to efforts in communicating about profits from this market. My friends were interested and started investing in BTC and ETH, a few bought USDT to be ready to participate in the upcoming bullrun 🚀🚀🚀

[Geey]

with the increase in the number of bitcoin holders, this will provide good results this year and in the next year, we can see now that the global market movement has increased trading volume from before, even increasing much more... because of the large number of enthusiasts or transactions using bitcoin, and this will cause bitcoin in the future it will still be alive..
In my opinion, with the increase in Bitcoin, it will not be that easy for the government to provide strict supervision over this currency because as technology becomes more sophisticated in the future.

[jeraldskie11]

The number of addresses who held Bitcoin can be traceable but the persons who own that addresses is unidentifiable unless they have used exchanges. We don't know if the investors own 3 to 5 addresses who have Bitcoin because it didn't have any transactions that can make us to identify if he is the same person because most of them are using mixers. They used it for their security and privacy to their lives. That's why I don't know how do they get that information but I believe the increase of addresses who hold Bitcoin makes the price less volatile.

-snip-
I think it's true that the number of market participants has also increased thanks to efforts in communicating about profits from this market. My friends were interested and started investing in BTC and ETH, a few bought USDT to be ready to participate in the upcoming bullrun 🚀🚀🚀

I believe the number of market participants has risen as a result of the decrease in volatility of Bitcoin. If we checked the chart every day or week beginning in 2021, we would see changes in Bitcoin's behavior when there is bad news and the price reaches a strong supply or demand zone. Previously, the market could be easily manipulated due to the small number of Bitcoin holders; however, as the number of Bitcoin holders grows, Bitcoin's volatility decreases and the market becomes less vulnerable to manipulation. So it's highly recommended to buy in Bitcoin these days, especially since the halving is approaching.
By the way, I just want to congratulate your friend in advance, very good decision.

[MrSpasybo]

with the increase in the number of bitcoin holders, this will provide good results this year and in the next year, we can see now that the global market movement has increased trading volume from before, even increasing much more... because of the large number of enthusiasts or transactions using bitcoin, and this will cause bitcoin in the future it will still be alive..
In my opinion, with the increase in Bitcoin, it will not be that easy for the government to provide strict supervision over this currency because as technology becomes more sophisticated in the future.

BTC has held up very well over the past decade and I believe the next decade will be the same. I don't know how to shut down the entire Bitcoin network, whether through technical or legal means, the US government has tried but failed^[1].

Many governments are enacting legal frameworks to manage and collect crypto taxes, crypto investors can do nothing but comply.

I believe the number of market participants has risen as a result of the decrease in volatility of Bitcoin. If we checked the chart every day or week beginning in 2021, we would see changes in Bitcoin's behavior when there is bad news and the price reaches a strong supply or demand zone. Previously, the market could be easily manipulated due to the small number of Bitcoin holders; however, as the number of Bitcoin holders grows, Bitcoin's volatility decreases and the market becomes less vulnerable to manipulation. So it's highly recommended to buy in Bitcoin these days, especially since the halving is approaching.
By the way, I just want to congratulate your friend in advance, very good decision.

It is difficult to find a relationship between the price fluctuations of BTC and the increase in the number of crypto investors, or at least I have not found a truly reasonable explanation. I think what attracts people to crypto is the information about crypto profits and the global adoption of crypto.

I do not give investment advice to others, I will still DCA BTC until halving and then use 50% of the remaining capital to DCA ALTS after halving ^^
[1] The U.S. Government Tried To Shut Down Bitcoin