Want to know how big bitcoin is? We at FintekNews have just written a piece challenging a WSJ article that bitcoin is not living up to its hype. Poppycock. The growth is just getting stronger and stronger and here is a comprehensive cryptocurrency study by the University of Cambridge which is eye opening. Both in sheer numbers BUT also the bigger global potential. Thank you Cambridge U.
(Bill Taylor, CEO)
Recently Bitcoin.com reported on the release of a comprehensive cryptocurrency study by the University of Cambridge. One area discussed in this report is the number of users of cryptocurrencies and wallets. This article explores how the study derives the number of active Bitcoin users and holders.
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It is estimated that the total number of wallets has increased more than 4x from 8.2 million in 2013 to nearly 35 million in 2016…
The number of active wallets is thus estimated to have increased from between 0.6 million and 2.6 million in 2013 to currently between 5.8 million and 11.5 million in 2017…”Source: