Crypto Stats, Facts & Trends (2023)

Over the last decade, cryptocurrency has transformed from a relatively unknown digital asset into a worldwide household name. Today everyone has heard of Bitcoin and while some people may not know what it is, they are aware of it.

In this article, we cover some interesting stats, facts, and trends taking place within the cryptocurrency space.

The Price of Bitcoin:

Between 2012 and 2022, the price of Bitcoin increased by over 540,000%.

• $22 invested in Bitcoin in 2012 would be $1 million today.

• +300 million people worldwide either use or own cryptocurrency (2022).
• The global crypto market cap is $1.19 trillion (08/2023).
• +$100 billion is traded in cryptocurrency each and every day.
• The top 10 cryptocurrencies make up 88% of the total market value.
• Bitcoin is posted about on social media every 3 seconds.
• 65% of cryptocurrency users are Bitcoin owners.
• More than 20,000 different cryptocurrencies exist today
• India has more crypto holders than any other country - more than 100 million.
• 18,000 businesses are already accepting cryptocurrency payments.

There are 300+ Million Crypto Users Worldwide

Cryptocurrency is increasingly becoming more common. In 2021, there are more than 300 million users of cryptocurrency around the globe. That means that about 3.9% of the population currently owns some form of cryptocurrency.

In addition, there are thousands of businesses that accept cryptocurrency payments. Those numbers are expected to grow as more and more businesses see the value of the use and adoption of cryptocurrency in the market.

Where is Crypto Used the Most?

According to a Statista study in 2020, Nigeria uses more cryptocurrency than any other country in the world, at 32% of the population, followed by Vietnam at 21% and the Philipines, at 20%.

How many cryptocurrencies are there?

In the beginning, it was just Bitcoin. A few years there were half a dozen and then a few dozen cryptocurrencies, most of which are based on the original Bitcoin code.

Today there are more than 20,000 actively traded cryptocurrencies and the number grows by the day. Some of these cryptocurrencies are valued in the thousands of dollars while the vast majority are worthless or have near zero value.

There are +20,000 Bitcoin ATMs Globally.

A Bitcoin ATM is similar to a regular ATM in that it allows individuals to deposit and withdraw currency. A Bitcoin ATM allows individuals to convert Bitcoin to cash and withdraw cash or deposit cash and convert it into Bitcoin.

Bitcoin ATMs have become increasingly popular in recent years and they can now be found in almost every large city in the world.

Crypto investor stats and demographics

• ~21 percent of American adults have owned cryptocurrency as of 2022, according to NBC News.
• Vietnam is ranked at the top of Chainalysis’s global crypto adoption index, as of Sept. 2022, followed by the Philippines and Ukraine, to round out the top three.
• Many high adopters are developing markets, such as Ukraine, Kenya and Nigeria, according to Chainalysis.
• In the United States, high-income earners are disproportionately represented among crypto investors, with those making $100,000 or more annually comprising 25 percent of crypto owners but only 15 percent of the general public.
• About 70 percent of cryptocurrency owners are men, but they represent only 48 percent of the general population, according to a report by Morning Consult. Women comprise 30 percent of crypto owners but 52 percent of the general population.

Is Crypto the Future of Money?

In recent years, cryptocurrency has seen a surge in popularity, thanks to the increased ease of access to these digital assets. However, they remain highly unstable, and 2022 witnessed a particular selloff in Bitcoin due to a spike in interest rates, leading nervous investors to unload this high-risk investment.

The considerable volatility of major cryptocurrencies, including Bitcoin, renders them challenging, if not entirely unfeasible, to be used as standard currencies. A stable value is essential for a currency to serve as a medium of exchange, and this need conflicts with the concept that cryptocurrencies can simultaneously be tools for profit trading and practical currencies for transactions.

Several governments worldwide, such as the United States, have begun the process of evaluating ways to regulate cryptocurrency. An important milestone occurred on March 9, 2022, when U.S. President Joe Biden signed an executive order to initiate a comprehensive examination of digital assets, encompassing cryptocurrencies. Various federal bodies are engaged in scrutinizing digital currencies and evaluating the threats they may present to overall financial equilibrium, among other factors.

The intricacies of tax reporting and the debates surrounding crypto have culminated in an outright ban of digital assets in nine nations, including Algeria, Bolivia, Bangladesh, Dominican Republic, Ghana, Nepal, North Macedonia, Qatar, and Vanuatu. Furthermore, China, which once dominated the world's Bitcoin mining, has now completely prohibited cryptocurrencies.

As of now, both El Salvador and the Central African Republic have acknowledged crypto as legal tender. However, both nations have encountered substantial difficulties in implementing this decision.

As for the future of cryptocurrency, it looks like it will become an increasingly significant part of our daily lives in the near future.