google-news-img

The Total Number Of Crypto Holders Can Reach 5 Billion – CEO Of Coinbase

  • Brian Armstrong said in one of his recent tweets that the number of crypto users in the world could go as high as 5 billion.
  • The data from Statista Service has shown that the increase in the number of crypto users has increased significantly as in the fourth quarter of the year 2019.
  • CEO Brian Armstrong thinks that it will perfectly fine to compare the crypto sphere to the internet.

The CEO of Coinbase said in one of his recent tweets that the number of crypto users in the world could go as high as 5 billion.

https://twitter.com/brian_armstrong/status/1235314764219322371?

Brian Armstrong, the CEO of Coinbase, a digital currency exchange based in San Francisco, California, said that the total number of users of cryptocurrency in the world right now can go up from 50 million at present to a whopping 5 billion worldwide.

Brian said this while referring to the data of Statista Service. The data from Statista Service has shown that the increase in the number of crypto users has increased significantly as in the fourth quarter of the year 2019.

The number of digital wallets went up to 45 million worldwide marks, which can be compared to the numbers in the same period one year ago in 2018 at 32 million wallets. This data clearly shows that there was an addition of around 13 million digital wallets in just one year.

If we put this indicator in comparison with the last quarter of 2017, then the number of digital wallets has more than doubled. The data also shows that the number of bitcoin addresses with non zero balance also continues to grow at a significant rate, and to support this, the data from Bitinfocharts shows that there are 21.5 million wallets already registered with at least $1 on the network.

CEO Brian Armstrong thinks that it will perfectly fine to compare the crypto sphere to the internet. He said he believes that the blockchain industry will expand with almost the same dynamics just as the internet did.

The number of users of the internet or the world wide web has already reached 4.5 billion. The growth has also been observed to be rapid in the last 20 years. If the crypto sphere grows at this pace, then it will surely become normal in use day to day tech very soon.

Disclaimer

The contents of this page are intended for general informational purposes and do not constitute financial, investment, or any other form of advice. Investing in or trading crypto assets carries the risk of financial loss. The forecasted data (also called “price prediction”) on this page are subject to change without notice and are not guaranteed to be accurate.

Our Newsletter

Subscribe to our newsletter to get the latest news and promotions.

Ahtesham Anis
Ahtesham Anis
Ahtesham Anis is a Computer Science undergrad student currently based out of India. Coming from the business background and his keen interest in Cryptocurrency and Blockchain technology is what Ahtesham brings to the table. He is always an eager learner when it comes to exploring the new technologies and topics in the crypto world.