50 Cryptocurrency Statistics Every Investor Needs to Know

The curiosity over the identity of arguably the biggest disrupter of the financial industry is a currency in its own right. A faceless character looms large over every point of conversation with a unit of the most valuable cryptocurrency named after them.

Who is Satoshi Nakamoto? How much Bitcoin does Satoshi own? Is Satoshi American? The list of burning questions regarding cryptocurrency’s greatest puzzle cannot be exhausted.

The quest for the truth continues.

Besides Satoshi’s identity, there are many other exciting things to learn. So, we take you on a ride through Cryptoland with some enthralling cryptocurrency statistics.

Cryptocurrency Industry Statistics (Editor’s Choice)

  • The global cryptocurrency market was worth $1.5 trillion on May 10, 2022.
  • As of May 10, 2022, the top 10 cryptocurrencies accounted for 80.3% of the market share.
  • Bitcoin was the most mentioned cryptocurrency on social media in 2021, with 881,900+ discussions.
  • Only 16.9% of crypto users fully understand its potential.
  • Vietnam topped the list of countries with the highest crypto adoption in 2021.
  • Bitcoin mining consumes 0.55% of the world’s electricity supply annually.
  • Illicit cryptocurrency addresses received $14 billion in 2021.
  • The US Congress introduced 35 bills focused on the crypto industry in 2021.

The above statistics make for interesting reading. They also give insight into how the growth of cryptocurrency has been received and how influential the industry will be in the following decades.

General Cryptocurrency Statistics

There is a common saying in finance that numbers don’t lie. Building on that adage is the fresh impetus digital currencies have injected into the market. Below are some general crypto stats to help you digest that fact.

1. The global cryptocurrency market was worth $1.5 trillion on May 10, 2022.

(Source: CoinGecko)

Gone are the days when cryptocurrency was dismissed as a risky, unviable, and speculative investment. The early detractors now rue the missed opportunity.

As of May 10, 2022, the global cryptocurrency market was worth $1.5 trillion. Bitcoin was the most valuable crypto – its market cap stood at $608 billion.

2. The number of global cryptocurrencies went from 66 to 10,397 between 2013 and February 2022.

(Source: Statista)

Bitcoin and Ethereum are the top picks of every cryptocurrency investor, but the number and types of digital currencies keep growing each day.

Some even start as a joke before transitioning to the league of the top currencies to invest in.

Factor this, between 2013 and February 2022, the number of cryptocurrencies available in the global market grew from 66 to 10,397.

3. The top 10 cryptocurrencies accounted for 80.3% of the market share on May 8, 2022.

(Source: CoinMarketCap)

The “big boys” continue to have a firm grip on the market.

As of May 8, 2022, the top 10 most traded cryptocurrencies accounted for 80.31% of the total market share.

They included Bitcoin, Ethereum, Tether, Binance Coin, USD Coin, XRP, Solana, Cardano, Binance USD, and TerraUSD.

4. Bitcoin is the most dominant crypto, with over 40% of the market share.

(Source: CoinMarketCap)

Such is Bitcoin’s dominance that a word referring to all other cryptocurrencies had to be coined — altcoins.

As of May 8, 2022, Bitcoin cost was $35,502.94. On the same day, the pioneer cryptocurrency’s market share was 41.66%.

The most valuable of the rest, Ether, had a market share of 19.64%.

5. Tether was the most popular cryptocurrency as of May 10, 2022, with a $135.6 billion 24-hour volume.

(Source: CoinGecko)

A simple way to describe why Tether continues to rise in popularity is that it feeds the rest of the cryptocurrencies market.

Tether acts as a bridge between crypto and fiat currencies. It’s a traders’ favorite because it’s pegged to the dollar and maintains a predictable price range. It’s also the most popular cryptocurrency for holding money in a volatile market.

As of May 10, 2022, Tether was the top mover with a $135.6 billion 24-hour crypto trading volume.

6. There were 19 million Bitcoins in existence in May 2022.

(Source: Buy Bitcoin Worldwide)

Did you know that the total number of Bitcoins in circulation changes every 10 minutes when new blocks are mined? Each new block adds 6.25 Bitcoins into circulation.

As of May 2022, there were 19 million Bitcoins on record.

7. As of May 10, 2022, there were over 500 exchanges with an average 24-hour trading volume of $209 billion.

(Source: CoinMarketCap)

The proliferation of exchanges in the market, some offering very low trading fees and cryptocurrency exchange rates, is a massive factor in cryptocurrency adoption.

As per CoinMarketCap’s database, the number of cryptocurrency exchanges was more than 500 on the specified date. The count was updated every time a new platform was registered.

8. There were 19 blockchain billionaires in 2022.

(Source: Forbes)

The cryptocurrency industry has had its fair share of horror stories headlined by the Mt. Gox and Quadriga debacles. But it’s had its successes too.

By April 2022, the number of cryptocurrency and blockchain billionaires was 19. The cast included crypto’s wealthiest entrepreneur and Binance founder Chanpeng Zhao who had a net worth of $65 billion.

It also included new entrants like Tim Draper. The American trader made his $1.2 billion fortune by capitalizing on low crypto exchange rates before the ultimate rush.

9. 97% of non-crypto owners lack confidence in digital currencies.

(Source: security.org)

The investment jitters continue to linger despite strong cryptocurrency performances.

Nearly all Americans who were yet to invest in crypto by April 2022 had not made a move because they were wary of the risks associated with digital assets.

The main reasons this group steered clear of crypto include volatility, lack of official oversight, and the grim possibility of losing access to funds.

Cyber attacks and difficulty in trading & redeeming were also listed as significant reasons why this group still won’t touch cryptocurrency.

10. There were more than 37,000 crypto ATMs globally in May 2022.

(Source: Coin ATM Radar)

After recording a 132% growth in 2021, the number of Bitcoin ATMs installed globally continued to grow in 2022. As of May 10, 2022, the count stood at 37,338, up from 34,340 on January 1, 2022.

11. Bitcoin’s value fell by 1.6% in Q1 2022

(Source: Zerocap)

It wasn’t the best of quarters for the most popular cryptocurrency.

Bitcoin stats show the cryptocurrency closed the first three months of 2022 at $45,506 after starting the new year at $46,210.60.

Analysts attributed the fall to low liquidity, high inflation rates, and tensions arising from Russia’s invasion of Ukraine.

During the quarter, the top 5 cryptocurrencies to invest in included Bitcoin, Ether, Tether, Binance Coin and USD Coin.

12. 64% of crypto enthusiasts started trading before 2018.

(Source: PwC)

A recent stat by PwC shows that 64% of active crypto traders entered the market before 2018, coinciding with a boom in the prices of most cryptocurrencies.

Cryptocurrency information contained in report further shows that 25% of active users started trading between 2018 and 2020. Similarly, 8% started trading in 2021, while 4% are considering starting in the short and medium term.

13. Bitcoin was the most mentioned cryptocurrency on social media in 2021, with 881,900+ discussions.

(Source: Global Data)

Cryptocurrency datasets show Bitcoin’s conversations peaked in October 2021 when it traded above $66,000. This was after the SEC approved the first US Bitcoin futures exchange-traded funds for trading.

One of the most talked-about topics was Bitcoin prices.

Ether (305,800+ discussions) and Dogecoin (150,700+ discussions) were the second and third most talked about digital currencies.

14. 47% of investors planning to buy crypto in 2023 are women.

(Source: Gemini: GSOC Report)

Of the curious lot that plans to invest in cryptocurrency for the first time in 2023, 47% are women.

15. A single change in Bitcoin’s coding could cut its carbon footprint by 99%.

(Source: The Guardian)

Bitcoin mining consumes around 110 terawatt hours (TWh) of electricity per year. That is more than the annual electricity consumption of Sweden, Malaysia, and Argentina.

The solution? By shifting to the proof of stake (PoS) system used by Ethereum, Bitcoin can reduce its electricity utilization by 99%.

16. 3-4 million Bitcoins have been lost forever.

(Source: Buy Bitcoin Worldwide)

A recent estimate found that approximately 3-4 million Bitcoins have been lost forever.

The use of the word approximately is instrumental. It’s impossible to tell the exact number because a lost Bitcoin looks precisely the same on a blockchain as an active coin.

Cryptocurrency Adoption Statistics

As cryptocurrency acceptance rates grow, more users continue to join the fold. Evidence points to a world headed towards decentralized finance. We look at some of the cryptocurrency user statistics that would pique the interest of an existing or potential user.

17. There are 300 million+ cryptocurrency users worldwide.

(Source: Triple A)

Global cryptocurrency ownership statistics peg the global adoption average at 3.9%, with over 300 million users worldwide.

Asia dominates the cryptocurrency market with 160 million users. On the other hand, Oceania has the smallest population of crypto enthusiasts at 1 million.

18. There were 82.2 million wallet users in April 2022.

(Source: Statista)

Blockchain wallets are apps or physical devices that store public or private keys for cryptocurrency transactions.

There were 82.2 million cryptocurrency wallet users globally as of April 6, 2022, compared to 72.26 million the previous year, representing a 13% growth.

19. Over 480,000 new Bitcoin addresses were registered in Q1, 2022.

(Source: Binance)

Growth in the first three months of 2022 was sluggish until late February, when interest began to pick. A quarterly high of more than 480,000 addresses had been achieved by March. This statistic underscores a steady rise in cryptocurrency popularity.

20. 41.5% of crypto investors are motivated by long-term portfolio growth.

(Source: Cardify)

Crypto enthusiasts liken holding their positions on valuable digital assets to holding on to dear life.

Statistics show that most crypto investors have their eyes trained on the bigger picture, with 41.5% motivated by long-term portfolio growth.

On the other hand, 26.3% are motivated by cryptocurrency trends, while 18.5% see the frontier as a sound diversification strategy.

21. Only 16.9% of crypto users fully understand its potential.

(Source: Cardify)

Owning an asset is one thing but understanding what it’s worth and being able to tap that resource entirely is another thing altogether.

According to cryptocurrency stats, only 16.9% of users have the technical knowledge required to maximize their digital assets.

This is a much smaller percentage than the 49.5% with moderate knowledge and actively exploring its market value and potential.

A paltry 2.5% has no knowledge or interest.

22. 24% of SMEs in nine countries planned to accept crypto payments in 2022.

(Source: Visa)

Nearly a quarter of small businesses in nine countries indicated they were planning to start accepting cryptocurrency payments in 2022.

A study commissioned by Visa in December 2021 found that an overwhelming 82% of SMEs planned to accept some form of digital payment in 2022. Notably, 73% of the small entities saw taking new forms of payment as fundamental to their business growth.

The study surveyed 2,250 small business owners in the US, Germany, Canada, Hong Kong, Brazil, Ireland, Singapore, UAE, and Russia.

23. 14 banks had invested approximately $3 billion in crypto by August 2021.

(Source: Blockdata)

Initially, large financial institutions were the biggest cryptocurrency detractors. However, that has since changed, with billions now invested in the asset.

Fourteen leading banks had invested $3 billion in crypto by August 2021. Data shows the largest chunk of the funds went into crypto custody.

The banks include J.P Morgan, Morgan Stanley, Goldman Sachs, StanChart, Citi, Barclays, and UBS. PNB Paribas, BNY Mellon, MUFG, ING, BBVA and Nomura were also part of the core.

24. 11.54% of travel companies accept crypto payments, more than any other industry.

(Source: Traders of Crypto)

The travel industry is the biggest adopter of cryptocurrency across all economic sectors. According to the cryptocurrency dataset, 11.54% of companies within this bracket accept coin payments.

The e-commerce industry is also warm to virtual currency payments, with an 11.06% cryptocurrency adoption rate.

Nonprofits and charity organizations come in third with a 9.13% acceptance rate.

Cryptocurrency Statistics by Country

A glance at country cryptocurrency stats draws some interesting inferences. One is that the major cryptocurrencies have become a mainstay in how the world transacts. The second observation is that trust levels in digital assets keep increasing each year.

25. Vietnam topped the list of countries with the highest crypto adoption in 2021.

(Source: Chain Analysis)

Probably not what you expected, but Vietnam was the country with the highest levels of authentic cryptocurrency usage in 2021.

India, Pakistan, Ukraine, Kenya, Nigeria, Venezuela, the US, Togo, and Argentina completed the top 10 list.

Notably, the Chain Analysis Global Crypto Adoption Index ranks countries by transactions and individual savings instead of trading and speculation.

26. The Central African Republic becomes second  to adopt Bitcoin as legal tender.

(Source: CNBC)

In April 2022, the Central African Republic followed El Salvador’s footsteps and became the second country to declare the best virtual currency legal tender.

27. As of January 2022, cryptocurrency was banned in nine countries.

(Source: Fortune)

Not everybody shares El Salvador and CAR’s enthusiasm for a crypto future. China sent shockwaves across the global economy when it declared crypto transactions illegal in September 2021.

The economic giant is not alone. Crypto trading is also illegal in Bangladesh, Tunisia, Algeria, Morocco, Oman, Qatar, Iraq, and Egypt.

28. Millennials are the most prominent crypto owners in the US.

(Source: Finder)

Trust in cryptocurrency and financial technology in the US is higher among younger people. Statistics show that millennials aged between 24-35 are the most likely to own digital assets.

Millennials constitute 44.3% of all crypto investors in the country. Gen X (28.6%), Gen Z (17.8%), and Baby Boomers (8.2%) complete the rest of the pie.

29. 62% of high-income French nationals owned crypto in 2021.

(Source: Gemini GSOC Report)

Developed nations have a higher proportion of high-income citizens who own crypto. France has the highest at 62%. Germany comes in second with 43% while the UK features third with 40%.

30. 17 million Venezuelans owned crypto in 2021.

(Sources: Triple A & Chain Analysis)

As the Venezuelan Bolívar (VES) tanked to almost worthless value, the country’s citizens were forced to turn to crypto due to necessity.

A vast percentage of Venezuelans converted their fiat money to crypto to protect their hard-earned earnings. Statistics show that 17 million citizens owned crypto in 2021.

31. The US had the highest DeFi adoption rate worldwide in 2021.

(Source: Chain Analysis)

Who was the most comfortable in the absence of a regulator in 2021?

Cryptocurrency volumes by country statistics show that the US had the highest number of peer-to-peer platform subscribers globally.  America is followed by Vietnam, Thailand, China (before the ban), and the UK.

Cryptocurrency Market Statistics

One of the standout characteristics of the cryptocurrency industry is that it is characterized by volatility. The prices of the different digital assets change every split second. The larger industry is also growing faster than most economic sectors.

We’ve compiled some fascinating statistics to help you understand the industry better.

32. The cryptocurrency industry is expected to cross the $32.4 trillion mark by 2027.

(Source: Yahoo Finance)

The cryptocurrency juggernaut continues to advance and is showing no signs of abating.

Experts project that the crypto market will grow at a Compound Annual Growth Rate (CAGR) of 58.4% between 2022 and 2027 and reach $32.4 trillion by the end of the period.

The industry closed 2021 at $1.7 trillion and didn’t fall far from that valuation in the first quarter of 2022.

33. Global crypto owners are set to reach 1 billion by the end of 2022.

(Source: Crypto.com)

The global population of crypto owners increased by 178% in 2021, from 106 million in January to 295 million in December.

The community is tipped to have 1 billion members by the end of 2022.

34. Global spending on blockchain technology is projected to reach 19 billion by 2024.

(Source: Statista)

Blockchain technology is at the heart of every digital asset industry invention. This includes cryptocurrency, NFTs, crypto fantasy football leagues, and metaverse assets.

For that reason, crypto and blockchain companies keep investing in technology to improve their platforms.

Cryptocurrency market data shows spending on blockchain technology grew from $0.95 billion in 2017 to $6.6 billion in 2021. Analysts forecast the figure will reach 19 billion by 2024.

35. 35 bills focused on the crypto industry were introduced in the US in 2021.

(Source: Forbes)

Citing fraud and huge investor risk, the chairperson of the Securities Exchange Commission (SEC), Gary Gensler, in August 2021, called on Congress to rein in the “Wild West” crypto industry.

Congress did just that and introduced 35 bills specifically on cryptocurrency and blockchain policy.

The bills focused on cryptocurrency regulation, applications of blockchain technology, and the proposed Central Bank Digital Currency (CBDC).

36. The total value of crypto mergers and acquisitions increased by 5,000% in 2021.

(Source: PwC)

The total value of crypto-related mergers and acquisitions rose to $55 billion in 2021 compared to $1.1 billion a year earlier.

The United States led the way with 51% of the transactions, up from 41% the previous year.

Europe, the Middle East, and Africa accounted for 33% of the deals, while the Asia Pacific netted 16% of the cake.

37. Venture capitalists invested over $33 billion in crypto and blockchain startups in 2021.

(Source: Galaxy Digital)

Backed by a huge demand for crypto products and services, venture capital firms pumped more than $33 billion into cryptocurrency and blockchain startups in 2021.

While this might appear to be a considerable amount, it only constituted 5% of the total amount invested by VC firms across all sectors.

Over $10.5 billion was invested in Q4 2021, the most of any quarter. The amount was also more than what was invested in 2020.

38. More than 2300 ICOs had been issued by March 2020.

(Source: Finder)

The idea behind an Initial Coin Offering (ICO) is the same as that of an Initial Public Offering (IPO) – to raise working capital.

The difference with an ICO is that it is designed to raise the money required to create cryptocurrencies. By March 2020, more than 2,300 ICOs had been issued.

Cryptocurrency Mining Statistics

Crypto mining is the process of validating transactions and introducing new blockchain currencies into the market.

Currently, the activity is the subject of heated debate between its backers and sustainability proponents.

What is at the heart of the arguments? Let’s have a look at some of the statistics.

39. As of February 2022, the Bitcoin mining industry was worth $2.29 billion.

(Source: Brandessence Market Research)

The cryptocurrency mining market size reached $2.29 billion in 2021 and is projected to reach $5.9 billion by 2028.

Statistics show the industry is growing at a Compound Annual Growth Rate (CAGR) of 28.5%.

40. Bitcoin mining consumes 0.55% of the world’s electricity supply annually.

(Source: Harvard Business Review)

Environmental critics’ views on Bitcoin mining’s pollution are well documented. Their stand is that the activity is not sustainable.

Cryptocurrency data supporting this position speaks volumes. Bitcoin mining requires large processing power and consumes approximately 110 terawatt-hours of electricity. This accounts for 0.55% of the total electricity produced globally in a year.

For perspective, Bitcoin mining consumes more electricity than 159 countries individually.

41. Bitcoin mining produces 30,700 tonnes of e-waste annually.

(Source: BBC)

Besides being an electricity guzzler, mining of the most popular cryptocurrency generates as much electronic waste as the small IT waste produced by the Netherlands annually.

Conversely, the average electronic waste produced per Bitcoin mining transaction is 272g (9.5oz).

What is the major contributing factor behind this? Researchers estimate Bitcoin mining devices have a lifespan of only 1.29 years.

42. The US has the highest hash rates in the world.

(Source: Cambridge Bitcoin Electricity Consumption Index)

Exit China, and enter the US.

Following Beijing’s move to ban all crypto activity, the US became the world’s top Bitcoin mining country with a hash rate of 35.4%.

Kazhakstan (18.1%), Russia (11.23%), Canada (9.55%) and Ireland (4.68%) slot in the remaining positions among the top five, respectively.

43. Bitcoin miners’ revenue for 2021 stood at $15 billion.

(Source: Block Research)

The math geniuses are at work!

In 2021, Bitcoin statistics showed that miners made over $15 billion, which amounted to a 206% YoY growth.

Revenue peaked in March when miners raked in $1.75 billion, including $167 million in transaction fees.

44. The reward for Bitcoin mining has decreased by 87.5% in 10 years.

(Source: CoinDesk)

Every four years, the rate of Bitcoins entering circulation is cut by half. Naturally, with that comes a reduction in the reward for mining a Bitcoin block.

Before 2013, the reward for mining a Bitcoin block was 50 BTC. By May 2022, its value was 6.25 BTC.

45. Nano consumes 0.000015% of the energy consumed by Bitcoin.

(Source: The Motley Fool)

In 2021, Tesla succumbed to pressure to drop Bitcoin as a mode of payment for its products over environmental concerns. Critics accused company executives of going against the very essence of the company’s business model.

But not all cryptocurrencies are unfriendly to the environment. A comparison of cryptocurrencies shows a single transaction of Nano, the most sustainable coin, consumes only 0.000015% of the energy consumed by a single Bitcoin transaction.

46. 16 mining companies listed on Nasdaq in 2021.

(Source: Galaxy Digital)

At the start of 2021, only two Bitcoin mining companies were listed on Nasdaq – Marathon Digital (MARA) and Riot Blockchain (RIOT). Sixteen more companies had been listed by the end of the year, with seven additional listings pending.

Cryptocurrency Security Statistics

The cryptocurrency market growth continues to exceed expectations. On the other hand, however, the industry grapples with cyber-security issues.

Hacking is the biggest problem the blockchain industry faces. Only a few exchanges have not been breached.

Can this aspect of virtual currency trading be summarized into four informative statistics? Sure.

47. Hackers stole $1.3 billion worth of crypto in Q1 2022.

(Source: atlasVPN)

Blockchain hackers stole nearly $1.3 billion in 78 hack events in the first quarter of 2022. Hacks on Ethereum and Solana ecosystems accounted for over $1 billion of the losses.

The Ethereum ecosystem lost nearly $636 million in 18 hack events. The largest attack cost the platform 173,600 Ethereum and 35.5 million USDC, worth $610 million.

The Solana ecosystem lost $397 million in five attacks.

48. Cryptojacking increased by 19% in 2021.

(Source: SonicWall)

Cryptojacking is a form of cyber-attack where a hacker gains unauthorized access to a target’s computer and uses the machine’s computing power to illicitly mine cryptocurrency.

Cryptojacking cases rose by 19% to 97.1 million, the most that cyber-security firm SonicWall had ever recorded at the time.

49. Illicit addresses received $14 billion in 2021.

(Source: Chain Analysis)

The volumes of cryptocurrency sent to handles associated with crime hit an all-time high in 2021. Illicit addresses received $14 billion during the year, up from $7.8 billion in 2020.

50. The median amount crypto investors lose to scams is $1,900.

(Source: Federal Trade Commission)

Everyone is trying to make an extra buck, and the allure of good returns is hard to resist. The problem is that many crypto investors are being lured into bogus investment opportunities by unscrupulous traders.

Crypto market data shows that the median amount investors lose to scammers is $1,900.

The Top 10 Cryptocurrencies by Market Cap

CoinMarketCap, a cryptocurrency data aggregator, lists the leading cryptocurrencies by market capitalization. The website also specifies the market share of each of the ten assets.

Bitcoin

Market cap: $592.31 billion

Market share: 41.66%

Ethereum

Market cap: $285.27 billion

Market share: 19.64%

Tether

Market cap: $83.16 billion

Market share: 5.14%

Binance Coin

Market cap: $52.02 billion

Market share: 3.68%

USD Coin

Market cap: $48.41 billion

Market share: 3.00%

XRP

Market cap: $24.91 billion

Market share: 1.74%

Solana

Market cap: $23.39 billion

Market share: 1.63%

Cardano

Market cap: $22.49 billion

Market share: 1.59%

Binance USD

Market cap: $17.23 billion

Market share: 1.08%

TerraUSD

Market cap: $16.34 billion

Market share: 1.15%

Final Thoughts

A study assessing the state of the crypto market in 2022 found that 32% of Americans regret not investing in cryptocurrencies earlier, specifically Bitcoin.

It’s easy to see why more than a third of the country’s population feels like it missed the train. There is no shortage of individuals who struck gold by buying the most popular cryptocurrencies before the express rally.

There is the question of volatility, but mainstream coins’ values will only increase with time. Moreover, the prospect of a less illustrious digital currency pulling off a surprise cannot be written off.

We hope our bag of cryptocurrency statistics makes you a better investor and has given you the foresight to scale up your cryptowatch.

FAQ

Who owns the most Bitcoin?

It’s widely believed that Satoshi Nakamoto, the pseudonymous founder of Bitcoin, owns most of the pioneer cryptocurrency.

His (her/their) ownership is believed to be around 1 million BTC. Calculating the prevailing price on May 11, 2022, Bitcoin would be worth $29.1 billion.

What does volume mean in cryptocurrency?

In cryptocurrency trading, volume refers to the total amount of units traded in a market during a specified time. Volume is also used to refer to the liquidity of digital currencies i.e. Bitcoin is a high-volume cryptocurrency.

What is the best cryptocurrency to buy?

The crypto market is dynamic and unpredictable. The decision to buy cryptocurrency should be informed by what you want to achieve.

That said, Bitcoin was the most valuable currency on May 11, 2022, with a price tag of $28,750.78.

Which digital currency should you buy?

Experts recommend new and less confident investors to go for the established digital currencies. Before buying, study the short-term and long-term performance of a token and compare it with its peers or other asset classes. By doing this, you will make an informed decision and realize value for money.

How many people own Bitcoins?

As of March 2022, 81 million Bitcoin addresses had been created on Blockchain.com. This was a 72% increase from the 34 million active users a year earlier.

Who controls Bitcoin’s price?

No one.

Bitcoin’s price is determined by supply and demand. Exchanges set the price as dictated by market forces.
However, Bitcoin’s price, just like any other cryptocurrency, is prone to pump and dump schemes.

The crypto industry struggles with unscrupulous traders who spread false information about an asset to raise its price in order to sell it at a high unauthentic price.

ABOUT AUTHOR

I’m a Kenyan journalist and professional writer. I move words around creatively enough to make you reread a piece. In my home office, you will find a quill and a bottle of ink. That’s how seriously I take this craft. Indulge me.

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