Number of Crypto Owners Globally Reached 580 Million in 2023, Report Shows

[yhiaali3]

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.

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.

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.

[BitcoinGirl.Club]

580 million people own a piece of coin okay seems like we have a lot of adoption.

How many own a stock?

I am thinking that it is under 2 billion people have stock

We are 8.1 Billion.
That 580 million is worldwide.
I was looking at internet about stock and found about 158 million Americans own stock which is 61% of U.S. adults. That's only in America. The number for worldwide will be larger than 580 million.

[SamReomo]

We are 8.1 Billion.
That 580 million is worldwide.
I was looking at internet about stock and found about 158 million Americans own stock which is 61% of U.S. adults. That's only in America. The number for worldwide will be larger than 580 million.

I think you're right the number of stock holders might be higher than crypto holders but still it's a great news for us that almost 580 million people are aware about crypto-currencies. Only within 15 years the crypto-community has grown so huge what if most online sites implement crypto payments instead of PayPal then we will see huge surge in amount of crypto users. I hope that day will come when most of the websites and businesses will impalement crypto payments.

[Nwada001]

This is showing that the crypto community is really increasing every single day by day, but one thing about all this statistics is that we can't tell how correct they are, and the numbers might either be above or more than what they have shared for it to be.
 
If we check very well, many people have more than 1 crypto wallet, both Ethereum and bitcoin wallets, and almost all of them have different holdings from different sources, which they can presume to be wallets for different people. Let me take myself for example. I have more than 3 active wallets for both Altcoin and bitcoin holdings, and if we are to check, it could be counted as each user, and then again, we can't also get the figure of those who hold their crypto on crypto exchanges.

[philipma1957]

We are 8.1 Billion.
That 580 million is worldwide.
I was looking at internet about stock and found about 158 million Americans own stock which is 61% of U.S. adults. That's only in America. The number for worldwide will be larger than 580 million.

I think you're right the number of stock holders might be higher than crypto holders but still it's a great news for us that almost 580 million people are aware about crypto-currencies. Only within 15 years the crypto-community has grown so huge what if most online sites implement crypto payments instead of PayPal then we will see huge surge in amount of crypto users. I hope that day will come when most of the websites and businesses will impalement crypto payments.

I am thinking if the score is 580 million crypto to 2 billion stock.

It means crypto is doing very well.

But I think 580 million is wrong here is why.

https://coinmarketcap.com says all of crypto is worth 1.65 trillion

so if 580 million use it some simple math shows

1650 million/580 million = $2.84 usd worth of coins per person.

I do not believe those numbers.

[SamReomo]

But I think 580 million is wrong here is why.

https://coinmarketcap.com says all of crypto is worth 1.65 trillion

so if 580 million use it some simple math shows

1650 million/580 million = $2.84 usd worth of coins per person.

I do not believe those numbers.

Nope that's calculated in wrong way man, 1.65 Trillion isn't 1650 Million, it's 1650 billion. I have calculated it myself and the total result is around $2,806.12 USD worth of coins per person not $2.84 USD

1.65 trillion = 1,650 billion
588 million/1,650 billion  =$2,806.12 USD per person

​Now that's also not true because there are many people who hold more than $10 million worth of crypto and at the same time there are also those users who hold less than $1 worth of crypto. It would be much difficult to determine the balance of 588 million crypto users.
​

[Aanuoluwatofunmi]

Number of Crypto Owners Globally Reached 580 Million in 2023, Report Shows

The number of global crypto owners surged 34% in 2023, reaching 580 million by December, a new report shows. In particular, bitcoin ownership surged 33% while Ethereum saw an even steeper rise of 39%... See more for yourself here.


Your opinion is greatly appreciated.

crypto global adoption keeps increasing everyday because the more some are getting to know about bitcoin, they are making their decision on adoption and making investment in it without wasting much of time, this is what we see keep increasing every day, more information concerning that could be seen from their various market caps, i believe this year adoption is going to be more than the former as the number of owners will also mark a tremendous increase

[Stay see]

You can't believe anything that mainstream media says, but definitely crypto awareness is growing.

And what people should get is that the more people use crypto, the more stable it becomes relative to fiat currencies because big transactions (selling btc for example) would have less of an impact if the BTC market is one trillion than if the BTC market is 1000 USD.

Obviously there are more complicated things onvolved in crypto prices, but at a very basic level, it works like that.

So....just use crypto!!

[trendcoin]

I don't know the details of the statistics. I don't know if they are reliable. However, after the ETF approval, this number will undoubtedly increase even more. I think we are at the beginning of the road, and one day, when mass adoption is complete, we will look at today's numbers and smile. Bitcoin and cryptocurrencies are one of the best ways to transfer and store our assets.