According to RT, looking at the current exponential growth rate, the number of Bitcoin users is expected to reach 200 million by 2024.
The number of Bitcoin users who opened a single account in March 2017 reached 5 million people
In March 2017, Dr.. A Cambridge study by Garrick Hileman and Michel Rauchs revealed that the number of active users using bitcoin wallets is between 2.9 million and 5.8 million. Proportionally, the number of Bitcoin users also increased at a rapid rate.. Coinbase, the largest Bitcoin exchange and wallet platform in the global market, serves more than 13 million active users. Coinbase alone registered 1.2 million new users in November.
Altana Digital Currency Fund Coinbase User Growth Chart provided by Bitcoin Investor and Partner Alistair Milne
Major regional bitcoin exchanges such as Japan’s BitFlyer and South Korea’s Bithumb each also have nearly one million users.
If bitcoin exchanges include hot wallets or bitcoin addresses, the number of unique bitcoin users is likely to exceed 10 million.
Bitcoin mainstream factors
Essentially, with 200 million active users, bitcoin penetrates the mainstream market and the vast majority of investors and ordinary consumers will embrace bitcoin as a solid store of value and digital currency.
CBOE and CME’s listing of bitcoin futures in mid-December, in the traditional financial market , large-scale institutional investors, retail traders It will lead to the use of bitcoin among businesses, hedge funds and investment firms. Ordinary consumers and investors alike will move forward with a domino effect as more than ten million institutional currencies enter the bitcoin market. increases its availability and liquidity. Already, in November, the massively popular and widely used fintech application Square integrated bitcoin, allowing users to store, buy or sell bitcoin.
As Crypto News previously reported, South Korea’s second Shinhan, a major commercial bank and an influential financial institution within the local financial sector, has begun the testing phase of its banknote vault and wallet services.
Finally, as bitcoin solidifies itself as the leading global store of value, an increasing number of unique and active users
However, fundamental scaling issues of the Bitcoin blockchain network should be resolved as users are accepting interference as an alternative to currencies. Through second-tier infrastructures such as Lightning, on a long-term basis, bitcoin users and businesses will be able to transact micropayments or significantly lower fees to settle payments for goods and services.
Bitcoin service providers and exchanges lightning and other potential By integrating second-tier scaling solutions, more users will be able to benefit from using bitcoin to have on-chain functionality that processes light payments as well as small payments and lightning channels, with higher fees.
CCN