As our cryptocurrency statistics will show you, Bitcoin and the gang provide an excellent financial alternative to entrepreneurs and people alike due to their unparalleled transparency and adaptability.
In this article, we’ll strive to give newcomers a chance to better acquaint themselves with everything crypto, including trends, the market, its brief history, and future forecasts.
So, without further ado, let’s decipher this puzzle.
Top 10 Facts & Cryptocurrency Statistics for 2022
- The first purchase ever made via Bitcoin was back in 2010.
- 82.4% CAGR of the global blockchain technology market is expected for the 2021–2028 period.
- The US has the highest number of crypto owners — 27 million.
- In February 2021, the Bitcoin market cap reached $1 trillion for the first time.
- Millennials and Gen Xers make 94% of cryptocurrency buyers.
- Bitcoin is, in fact, banned in some countries.
- The current price of Bitcoin amounts to $37,885.06.
- In the US, men are more aware of cryptocurrencies than women.
- The total number of different cryptocurrencies is 5,466.
- There are currently 73 million blockchain wallet users in the world.
How It All Started: Basic Cryptocurrency Stats & Facts
When did cryptocurrencies become popular?
1. Cryptocurrencies are virtually impossible to counterfeit and double-spend.
Due to blockchain technology, these digital currencies cannot be abused the same way fiat currencies can, making them a safer and more reliable alternative.
Namely, their publicly distributed ledger — shared over numerous computer networks — makes them impervious to counterfeit shenanigans, seeing how the data is highly decentralized.
To manipulate the data, you’d have to hack not one but all the computers on that network (good luck with that).
2. More fun Bitcoin facts: cryptocurrencies that aren’t Bitcoin are referred to as “altcoins.”
Inspired by the mind-blowing success of Bitcoin (launched back in 2009), quite a few competitors rose to challenge (and dethrone) the world’s most expensive cryptocurrency.
For instance, we have:
- Ethereum (decentralized public ledger that’s used for recording and verifying transactions),
- Litecoin (a peer-to-peer internet currency), and
- EOS (a blockchain-based decentralized operating system made for hosting, creating, and supporting decentralized autonomous applications).
What is the best cryptocurrency to mine today, though?
Apart from Bitcoin, the best to mine are Ethereum, Litecoin, and EOS, plus Peercoin and Cardano. On that note, there are over 5,000 cryptocurrencies in total, with new contenders appearing every day.
3. Attempts at creating a fully online currency stretch back to 1998.
Bitcoin wasn’t the world’s first shot at creating a virtual currency. According to cryptocurrency statistics, there were multiple attempts, the most notable being Bit Gold and B-Money.
Still, neither of them was fully developed, and the rest is history.
4. 2008 was the very first time Bitcoin was publicly mentioned.
A whole year before its official release, a paper was posted on a mailing list by a mysterious pseudonym named — Satoshi Nakamoto. The paper in question was called “Bitcoin: A Peer to Peer Electronic Cash System.”
The following year, it was available for mining and it has become the most popular cryptocurrency to this day with little chances of disappearing soon.
5. The first purchase ever made via Bitcoin was back in 2010.
In 2010, Laszlo Hanyecz bought two pizzas for 10,000 bitcoin, which was around $30 back then. Today, that would be roughly $80 million in total, so we sincerely hope those were some yummy pizzas!
Cryptocurrency Forecasts and Trends
How big is the blockchain technology market, and what’s the current number of cryptocurrency users?
6. What’s the best cryptocurrency to invest in? The top five on the cryptocurrency list would be Ethereum, Dogecoin, Cardano, Ripple, and Binance Coin.
Keep in mind that different cryptocurrencies offer different investment opportunities, so make sure to know your goals before choosing the right one.
7. Between 2018 and 2020, the number of global cryptocurrency users increased by nearly 190%.
Cryptocurrency users statistics from 2020 show the total number of crypto users worldwide reached 101 million in Q3.
In January 2021, the number amounted to 106 million users. Likewise, the number of Bitcoin (71 million) and Ether users (14 million) witnessed an increase over the same month by 30.2% and 13.1%, respectively.
8. The US has the highest number of crypto owners — an incredible 27 million.
Cryptocurrency users statistics for 2021 report that 8.31% of the US population uses cryptocurrencies; 19% of cryptocurrency users in the US are men, and 10% are women.
Russia takes second place with 17 million users, followed by Nigeria (13 million), Vietnam (5,9 million), and Ukraine (5,5 million).
At the same time, Barbados (3,022), Iceland (3,387), Belize (3,569), The Bahamas (3,576), and Brunei (3,979) have the lowest number of cryptocurrency users.
9. Cryptocurrency trends forecast an 82.4% CAGR of the global blockchain technology market for the 2021–2028 period.
(Grand View Research)
In 2020, the global blockchain technology market was worth $3.67 billion. Better yet, it witnessed growth amidst the pandemic due to hospitals that were using it to track the COVID-19 vaccine.
The blockchain technology market is estimated to be worth somewhere around $394.60 billion by the end of 2028.
That said, based on the cryptocurrency predictions, the private cloud segment is expected to experience the highest CAGR growth.
10. In February 2021, the Bitcoin market cap reached $1 trillion for the first time.
On February 19, 2021, Bitcoin was worth $53,262. It performed better than stocks and gold. Additionally, the cryptocurrency added over $415 billion of value.
11. Cryptocurrency market trends reveal that the vast majority of UK crypto-owners invested in Bitcoin.
More than 1.1 million people in the UK invested their money in crypto, and most of them (78.95%) opted for Bitcoin.
In addition, Millennials were most keen on purchasing cryptocurrencies out of all the generations (namely, 4.68%), followed by Gen Xers (2.77%), and Baby Boomers (1.58%).
12. Almost half of Americans are unfamiliar with cryptocurrencies.
According to the latest cryptocurrency statistics, 28% of Americans were “somewhat familiar” with cryptocurrencies, and a mere 16% were “very familiar.”
Moreover, 61% of respondents who were familiar with cryptocurrencies claimed to know little about how they work. In comparison, 43% believe that cryptocurrencies are not a legitimate form of payment.
13. Millennials and Gen Xers make 94% of cryptocurrency buyers.
Let’s take a look at the most recent cryptocurrency demographics.
When it comes to purchases, Gen X is the biggest spender. They spent an average of $9,611 crypto in 2020. Millennials follow close behind with an average of $8,596 crypto purchases, whereas Gen Zers spent an average of $6,120 crypto.
14. $37,885.06 is the current price of Bitcoin as per the latest cryptocurrency prices live data.
The price of Bitcoin fluctuated from the record high of $63,345.79 on April 16 to the record low of $34,259.55 on May 24. That said, as of June 2, the price stands at 37,885.06.
12 Interesting Facts About Cryptocurrencies
Why are cryptocurrencies so popular? Why is Bitcoin banned in some countries, and how many cryptocurrencies exist?
15. On the famous December 7, Bitcoin’s trading volume increased twofold than what it was just a day before, amounting to $12.6 billion.
Namely, on December 7, 2017, the cryptocurrency rates of this digital coin reached almost $20,000. In fact, within a mere 20 minutes, Bitcoin’s price grew by nearly $2,000 to $19,000 before crashing down by $4,000.
It’s safe to say that 2017 showed the true potential of Bitcoin and cryptocurrencies in general.
16. Bitcoin is actually banned in some countries.
What countries have banned this cryptocurrency? Not a whole lot, but the list includes countries such as Afghanistan, Pakistan, Algeria, Bolivia, Bangladesh, North Macedonia, Saudi Arabia, Qatar, Vanuatu, and Vietnam.
In China, for example, there are certain restrictions when it comes to trading with cryptocurrencies. The latest news is very positive as Bitcoin is slowly regarded as a digital asset that ought to be protected by the law.
17. In the US, men are more aware of cryptocurrencies than women.
Cryptocurrency statistics show that 78% of male respondents were aware of Bitcoin, whereas 71% of women said the same. Likewise, 20% of female respondents have not even heard of cryptocurrencies up to that point, which is also true for 17% of their male counterparts.
18. 153 million was the total number of Bitcoin user addresses in 2019.
This figure is a good indicator of the cryptocurrency market size of 2019.
Still, determining the exact number is difficult since one owner can use multiple addresses. The number of active addresses still totals around a substantial figure — roughly 550,000.
19. 2017 was a historical year for Litecoin as well.
Litecoin outmatched Bitcoin in terms of value growth with an increase of 7,800%–8,000% — nearly four times that of Bitcoin!
However, Litecoin’s cryptocurrency rates left much to be desired, sitting at just $360.93.
Experts believe that the tremendous growth rate was due to a lot of people losing their faith in Bitcoin and because Litecoin transactions are swift.
20. The total number of different cryptocurrencies is 5,466.
(CoinMarketCap) (Trading Education)
What’s more, experts estimate that the best cryptocurrencies are topped by Bitcoin, mainly due to its market share.
As previously mentioned, in 2021, ten cryptocurrencies are expected to explode, making them a good investment, including:
- Binance Coin
- Bitcoin Cash
21. Cryptocurrencies are more a commodity than they are a currency.
The fluctuating cryptocurrency prices could, in fact, be due to this “identity crisis” digital currencies are currently facing. For instance, you could use bitcoins to buy stuff directly, just like any other fiat currency (remember those two $90 million pizzas?).
On the other hand, it behaves much like a commodity (such as gold and oil) — it’s both bought and sold via cash markets and futures. Moreover, it, too, is familiar with the stock market crash.
Whatever the case, this hybridizing nature of cryptocurrencies is allowing it to have the best of both worlds.
22. Based on the cryptocurrency statistics live data, there are currently 73 million blockchain wallet users in the world.
In 2021, the number of blockchain wallet users worldwide skyrocketed, amounting to 73 million people (as of May 18). For comparison, in May 2019 and in May 2020, there were “merely” 38.86 million users and 49.59 million users, respectively.
22. 43 million was the number of active crypto traders in 2019.
Furthermore, this same crypto trader statistics report revealed that over 35% of these traders were from the US, whereas 10.3 million were from Europe.
23. Bitcoin uses about 0.65% of global electricity consumption.
In other words, Bitcoin uses 143 terawatt-hours (TWh) of electricity every year, which is more than some countries. To put things into perspective, Norway uses 124 TWh of electricity per year.
24. Cryptocurrency statistics show that Grayscale Bitcoin Trust is the company with the largest portfolio of Bitcoin.
Grayscale Bitcoin Trust has a value of $30 billion Bitcoin. Next in line are CoinShares with $3.2 billion Bitcoin, MicroStrategy ($2.19 billion), Ruffer Investment Company ($2 billion), and Tesla Motors ($1.5 billion).
25. There are almost 14,000 Bitcoin ATMs across the globe.
The latest Bitcoin statistics indicate that North America has the highest number of Bitcoin ATMs — 83% to be precise.
The report also revealed that the leading Bitcoin ATM manufacturers were Genesis Coin and General Bytes, with a respective market share of 34.6% and 30.3%, respectively.
That said, there are two main types of Bitcoin ATMs. The first one allows users to buy bitcoins, and the second one enables them to buy and sell them.
What percentage of the population invests in cryptocurrency?
It’s estimated that approximately 2.8% of the global population owns cryptocurrencies. The US is the pack leader, with 27,491,810 crypto owners, i.e., 8.31%, followed by Russia (17,379,175 crypto owners), and Nigeria (13,016,341 crypto owners).
What’s more, 70% of American crypto owners have a large annual income (+$1 million), whereas 33% have an average yearly income between $500,000–$999,999.
What are the top 5 cryptocurrencies for traders?
The top 5 cryptocurrencies are:
- Binance Coin — BNB is a trader’s favorite due to its growing demand (+12.88% in seven days). It’s currently priced at $414.56, and its market cap amounts to $63,920,049,850.
- Ethereum — ETH is the most popular crypto coin after Bitcoin. Its current price amounts to $2,781.97, whereas its market cap reached an impressive $322,919,783,786.
- Tether — USDT is one of the cheapest cryptocurrency on the list that’s currently priced at $1. Its market cap amounts to $61,793,073,216.
- EOS — This cryptocurrency experienced multiple jumps in prices. It’s currently priced at $6.46. Its market cap amounts to $6,162,965,070.
Tron — TRX is the most favorable cryptocurrency among traders due to its rapid growth. It’s currently priced at $0.07932. Its market cap amounts to $5,687,220,173.
What is the number 1 cryptocurrency?
Without any doubt, Bitcoin is currently the leading cryptocurrency on the planet. At the moment, it has a domineering market cap valued at $711,866,462,471.
Additionally, one Bitcoin is valued at $38,054.01 as of June 2021.
Overall, Bitcoin is the most popular cryptocurrency among people due to its low transaction fee, fast transaction speed, mobile payments, and no physical barriers.
On a negative note, Bitcoin is highly volatile (to say the least).
Which Cryptocurrency will explode in 2021?
Crypto experts believe that Ethereum, Dogecoin, Cardano, and Ripple will explode in 2021.
Being the second most liquid cryptocurrency (after Bitcoin), experts predict that Ethereum will reach a price of $12,357–$15,337 by December.
Dogecoin increased in popularity thanks to Elon Musk, who accepted it as payment at Tesla. Experts predict it will reach a price of $1 by December.
Cardano and Ripple are predicted to reach $10 and $2.5, respectively.
Which countries use cryptocurrency the most?
Japan takes first place with the most progressive regulations regarding crypto transactions. It is also considered to be the hub of cryptocurrency trading in Asia.
Next on the list would be the US, since Mastercard and Bank of New York Mellon accepted certain crypto transactions.
The third place belongs to Nigeria, where cryptocurrencies are pretty popular due to low transactional costs.
Germany takes fourth place in cryptocurrency statistics by country, followed by Canada, the Philippines, France, Australia, Peru, and Singapore, where the use of Bitcoin is even taxable in some cases.
Despite having a few setbacks, cryptocurrencies are here to stay.
As of now, there’s still a lot of hype surrounding these digital assets, and the idea of a truly decentralized currency captivates the mind of many users. We hope these cryptocurrency statistics helped you gain a better understanding of how these ingenious digital coins work and how to make a profit off of them.
Whether you choose to buy them, sell them, or store them (for rainy days), we wish you — good luck!
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