Here we will be talking about some jaw-breaking cryptocurrency statistics you must know.
The first decentralized cryptocurrency was Bitcoin. It was launched in 2009. We have seen massive growth in it since its launch. Its success has exposed the flaws in banking systems. Thousands of variants of bitcoin called alt-coins have been produced till now.
Cryptocurrency is becoming a payment method for several services and goods around the world for organizations. For quenching your knowledge thirst, we will be stating some mind-blowing facts related to cryptocurrency.
Fascinating statistics of cryptocurrency:
Some fascinating cryptocurrency statistics are:
- The market cap of cryptocurrency is $545 Billion
- The global market of blockchain will rise to $23 Billion by 2023.
- About $6 billion online transactions which take place daily are accounted for by bitcoin
- Bitcoin has gained 193,640% rise between 2012 and 2020
- Users of cryptocurrency have exceeded 40 million
- The country with the highest adoption rate is Turkey (20%)
General cryptocurrency statistics:
Here we will be talking about some general statistics of cryptocurrency
1) Social media posts about Bitcoin:
Statistics reveal that daily there are about 28,866 posts on social media which are related to bitcoin. Mathematically in one hour, there are about 1203 posts which means 20 posts in one minute.
2) Bitcoin gain in the last 8 years:
According to the statistics, bitcoin has outperformed many commodities i.e. gold. The per ounce gold price is $1723 whereas bitcoin is $9,648
3) Bitcoin has surpassed all other cryptocurrencies:
68.7% of the cryptocurrency market is occupied by bitcoin. The market cap of bitcoin is greater than the combination of all other cryptocurrencies.
4) Highest growth rate in the year 2017:
The growth percentage experienced by bitcoin in 2017 was 1,318% whereas XRipple surpassed it with 36,018%
5) Rise in the number of exchanges:
Exchanges can be middlemen between those who buy and sell cryptocurrencies. They support fiat-crypto and crypto-crypto transactions.
6) Bitcoin ATMs:
The total number of bitcoin ATMs in the world is 7,722. The USA has 5780. Canada has 775 and the UK has 292
7) Daily addition of bitcoins in the market:
According to statistics, about 1800 new bitcoins are added every day in the market. This number can reduce because of the halving of bitcoin.
8) Bitcoins mined in the first quarter of 2020:
The total number of coins mined in the first quarter of 2020 is 18.3 million. This only leaves about 2.7 still available for mining. A hundred years are still required to mine the last bitcoin.
9) Libra Coin:
Libra coin will be introduced by Facebook. Bitcoin only processes 12 transactions every second. The libra coin introduced by Facebook will tend to process up to 1000 instructions.
10) $6 billion daily transactions:
$6 billion daily transactions are accounted for by Bitcoin. Only two payment networks of America exceed it. Visa card has $30.3 billion transactions and Mastercard has $16.2 billion.
There are around 5100 variants of bitcoins in existence today.
Adoption Statistics of Cryptocurrency:
Each day new users are added to the cryptocurrency network. Due to this, the number of transactions that take place daily is increasing.
12) Wallet users of blockchain:
In the last quarter of 2019, the total number of blockchain wallet users was 44.69 million. It was a significant increase as compared to the increase recorded in the last quarter of 2016 which was 10.98 million.
13) Adoption by global finance sector:
The finance sector is a primary investor and beneficiary in blockchain, blockchain technology has many features that will help in the transformation of the finance sector. The security is better, transaction speed is faster, the cost of operation is low, etc.
14) Adoption by IoT Industry:
The combination of IoT and blockchain is termed evolutionary by enthusiasts. You can transfer multiple information easily from anywhere. Blockchain can verify it. These factors are mind-blowing.
15) Daily transactions on blockchain:
The transactions per day of bitcoin on blockchain were 490,644 in 2017. It dropped to 350,000 in 2018 due to the price crash of bitcoin.
Due to COVID-19, it has further declined to 250,000.
16) Users in Coinbase exchange:
The cryptocurrency users in the biggest crypto exchange of the world Coinbase is over 30 million. It was founded in 2012. Since then, $150 billion worth transactions have taken place
Cryptocurrency statistics based on Country:
Some countries have imposed strict restrictions on the internal, outgoing, or incoming cryptocurrency transactions. It is done for the prevention of fraud or the stealing of public funds.
17) UK investors:
About 79% of people who own cryptocurrency in the United Kingdom have invested in bitcoin. Bitcoin can be used to buy any other cryptocurrency from exchanges.
18) Blockchain Powered Bank:
China will be the first country that will launch a blockchain-powered central bank CDBC.
19) Amount spent by the US government on Blockchain:
The spending of the US government on the blockchain will reach $123.5 million in 2022.
The previously spent amount was 10.3 million in 2017.
20) Token sales of US:
the highest token sales were recorded by the US which was 48%.
21) Highest adoption rate:
The highest adoption rate of cryptocurrency in any country is 20% and the country is Turkey.
The cryptocurrency market is highly volatile. It changes rapidly.
In February 2018, the market dropped by $100 billion in just 24 hours.
22) Rise by 2023
The market is expected to rise by $23.3 billion.
23) Token sales:
Tokens sale has raised only by $20 million in 2020.
So, these were some important cryptocurrency statistics with which you must be familiar if you are a crypto enthusiast. Nothing is constant in the crypto world. Things can change in just a fraction of a second. Currencies can rise-up to the maximum or can fall to the minimum.