- Bitcoin’s global adoption rate is now 4.7%.
- The number of Bitcoin users is similar to the number of Internet users in early 1999.
- Analyst Willy Woo predicts Bitcoin users will reach 500 million by October 2024.
- Bitcoin could have nearly a billion users by the end of 2025.
- Bitcoin’s growth rate is faster than the early Internet.
Bitcoin’s worldwide adoption has reached a significant milestone, matching the Internet’s growth curve from January 1999.
According to Willy Woo, a well-known cryptocurrency analyst, about 4.7% of the global population now uses Bitcoin.
Woo compared Bitcoin’s current stage to the early days of the Internet, suggesting that the digital currency still has a lot of room to grow.
Current User Statistics
As of now, Bitcoin has around 430 million users – according to Willy. This number is projected to increase to 500 million by October 2024, based on various independent studies analyzed by Woo.
He further predicts that Bitcoin could have nearly a billion users by the end of 2025.
These projections highlight the rapid adoption of Bitcoin and its potential for future growth.
Comparing Bitcoin and Internet Growth
The Internet experienced a massive surge in users at the turn of the millennium.
Today, there are about 5.44 billion Internet users globally, making up 67% of the world’s population, according to Statista.
Bitcoin is currently expanding at a faster rate than the Internet did in its early years. Vivek, another popular Bitcoin expert, recently emphasized this rapid growth, noting that Bitcoin’s adoption curve is steeper than that of the early Internet.
In conclusion, Bitcoin’s current growth and adoption rates are promising indicators of its potential.
With projections of reaching half a billion users by the end of the year and nearly a billion by 2025, Bitcoin’s future looks bright. As it continues to grow, it might follow the same parabolic rise that the Internet experienced two decades ago.
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