All cryptocurrencies combined accounted for about 7% of the world's money.
As of 2023, we estimated global crypto ownership rates at an average of 4.2%, with over 420 million crypto users worldwide.
The value of all existing cryptocurrency is around $804 billion, with around $320 billion of that being attributed to Bitcoin (as of Jan. 3, 2023), according to CoinMarketCap.com. The global online payments market was $6.75 trillion in 2021, according to Research and Markets.
According to these articles, a very small number of people control a disproportionately large share of Bitcoin. For example, the Bloomberg report cites that the top 1% of Bitcoin investors hold 40% of all Bitcoin. According to the CNBC study, the wealthiest 1% of Bitcoin holders own 90% of the overall supply.
20% of Americans–which would constitute over 50 million people–own crypto. Despite the tumultuous events of 2022, crypto ownership has remained largely unchanged since early 2022, which has been the historic high water mark for crypto ownership in America.
Some who've braved the crypto waters have dove deep. After removing the top and bottom 1% of survey respondents, the average amount invested in crypto — according to our research — is $7,738, with a median of $500. Many people have a set amount of money they're able and/or willing to invest.
Key findings include: Despite their young age, a surprisingly large percentage of Gen Zs in the United States invest, with cryptocurrency as their top choice: Close to six in 10 (56 percent) report owning at least some investments. They primarily invest in cryptocurrency (55 percent) and individual stocks (41 percent).
Fully 83% of millennial millionaires own cryptocurrencies, according to the survey, which polls investors with investible assets of $1 million or more (not including primary residences).
Guessing the right number, however, is difficult. As per the data available from various sources, there are a minimum of 32,500 millionaires in the crypto industry as of 2023, and the actual number is expected to be higher.
The report, cited by Bitcoinist, suggests that 29% of millionaires have a “high degree of interest” in entering the cryptocurrency space as investors while another 27% “sit on the fence.” Altogether, then, a full 56% of HNWIs are either prepared to invest in digital currencies now or could likely be swayed to do so in ...
The four crypto billionaire deaths within a month gave fuel to several conspiracy theories among the crypto community. One user associated the string of deaths with a mafia-style hit job and said that the “crypto world is taking a page from the mafia handbook.”
Forbes releases its billionaire list annually and this time there are 19 people out of the list who have made their fortunes out of crypto. Cryptocurrencies have had a wild year in 2021. Popular cryptocurrencies like Bitcoin, Ethereum, Dogecoin, etc. reached their all-time high in 2021.
Given Musk's 13% Tesla stake, he indirectly owns 13% of Tesla's stated $191 million in Bitcoin holdings. That's close to $25 million in Bitcoin.
It is forecast that bitcoin's price will reach a maximum of $214,232.74 USD by 2026. This is followed by a minimum of $181,308.21 USD, with an average price of $186,289.04 USD by 2026. Meanwhile, some experts see more potential in Bitcoin and predict a price of $274,279.582 USD by then.
El Salvador is the country holding the most Bitcoin, with 2,301 BTC in its treasury. The country adopted the cryptocurrency as legal tender in September 2021 and has invested in it numerous times.
Global crypto adoption rate: ownership in 2021 vs 2022
Over 10% of global Internet users likely own some form of cryptocurrency - 500m people if we assume 5 billion internet users. Crypto.com estimates closer to 300m crypto owners worldwide, a 275% increase from their January figure.
FTX cofounder Sam Bankman-Fried has amassed $22.5 billion before turning 30 by profiting off the cryptocurrency boom – but he's not a true believer. He just wants his wealth to survive long enough to give it all away.
A recent survey by Forbes of 65 of the world's wealthiest people revealed that nearly 30% are either directly or indirectly invested in cryptocurrencies, a rate that is higher than among non-billionaire investors.
Amid all the action, there's also no shortage of money to be made in the $2 trillion crypto economy. Just ask the record 19 billionaires—7 more than last year—on Forbes' annual World's Billionaires list, published Tuesday, who made their money from cryptocurrency and blockchain technology.
The survey revealed that 46% of millennial respondents owned cryptocurrencies, compared with 25% of Gen X, 21% of Gen Z and 8% of baby boomers.
94% of Crypto Buyers are 18-40 Years Old.
Gen Zers generally have strong values related to racial justice and sustainability. Mobilizations like the Global Climate March, led by Gen Z activist Greta Thunberg, thrive on the activism of young people. Climate change is one of the issues Gen Zers care about most.
Gen Zers (ages 18 to 26) have increased their debt outside of mortgages by 99% − more than any other generation, according to online lending platform Lending Tree's analysis of more than 150,000 credit reports from the first three months of 2023 and 87,000 from March 2021.