{"id":516095,"date":"2023-01-14T08:23:59","date_gmt":"2023-01-14T13:23:59","guid":{"rendered":"https:\/\/ktsl888.com\/?p=516095"},"modified":"2023-03-08T07:25:48","modified_gmt":"2023-03-08T07:25:48","slug":"bitcoin-only-43m-own-btc","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-only-43m-own-btc\/","title":{"rendered":"Bitcoin Disciples: Only 43.5 Million Own The Crypto Globally, Study Shows"},"content":{"rendered":"

Out of 8 billion people living on the planet, only 43 million people own Bitcoin — which amounts to less than 1% of the population.<\/span><\/p>\n

Despite the success of the cryptocurrency<\/a>, a minuscule number of the world\u2019s current inhabitants<\/a> holds ownership of Bitcoin, according to CoinMarketCap. <\/span><\/p>\n

Are there specific reasons why this is happening? Or is there something going on in the world of cryptocurrency that contributes to this current trend?<\/span><\/p>\n

Confusion Over ‘Ownership’ And ‘Creation’<\/b><\/h2>\n

Before anyone can have access to any form of cryptocurrency online, a user must create their own online wallet for the specific cryptocurrency they want to invest with. It is the same case with Bitcoin, as specific blockchain wallets are created for BTC.<\/span><\/p>\n

Related Reading: Polkadot Shows No Sign Of Slowing, As DOT Gains 33% In Last 7 Days<\/a><\/div>\n

\"\"<\/p>\n

Data chart of BTC wallet address created as of Jan. 2022, source: <\/span><\/i>Blockchain.com<\/span><\/i><\/a><\/pre>\n
From January 2022, a total of 85 million BTC wallets that were unique from each other were created and recorded by Blockchain.com, one of the world\u2019s leading cryptocurrency blockchain hosting sites. <\/span><\/p>\n
This is where possible confusion might occur to those who are not familiar with the difference between creating a cryptocurrency wallet versus uniquely owning certain amounts of cryptocurrency.<\/span><\/p>\n
The unique ownership of the cryptocurrency itself (meaning that they have at least 1 or more BTC in their wallet) is only 43 million worldwide, despite that 46 million Americans have a share when it comes to BTC investment, according to <\/span>ExplodingTopics.com.<\/span><\/a><\/p>\n
\"\"<\/p>\n
Current data on Bitcoin (BTC) ownership, source: <\/span><\/i>CoinMarketCap<\/span><\/i><\/a><\/pre>\n
Lack Of Confidence In The Current Crypto Market<\/b><\/h2>\n
Although a growing number of people worldwide (especially in prominent countries such as the United States) are getting more interested in the potential of the power of cryptocurrency and its market, the lack of confidence hinders its potential growth<\/span>.<\/span><\/p>\n
Due to the recent crypto market crash of 2022, many potential investors became paranoid about losing their money in an uncertain market at the moment.<\/span><\/p>\n
<\/p>\n
Related Reading: BONK Tumbles 66% \u2013 Can The \u2018Dogecoin Killer\u2019 Live Up To Its Name?<\/a><\/div>\n
Add the fact that some other countries are not yet ready to fully adapt cryptocurrency in their economies. Some have even pushed regulation against cryptocurrency like India, wherein the governor of the Reserve Bank of India (RBI) Shaktikanta Das <\/span>wants cryptocurrency to be regulated if not banned<\/span> in their country, as he sees it as another form of “gambling.”<\/span><\/p>\n
He stated on behalf of RBI that it doesn\u2019t consider cryptocurrency a viable financial product, according to <\/span>India Today<\/span><\/a>.<\/span><\/p>\n
Meanwhile, Bitcoin<\/a> is trading at $20,883.57 up 23.1% in the last seven days, data by Coingecko show.<\/p>\n
-Featured image courtesy of Nation of Change<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Out of 8 billion people living on the planet, only 43 million people own Bitcoin — which amounts to less than 1% of the population. Despite the success of the cryptocurrency, a minuscule number of the world\u2019s current inhabitants holds ownership of Bitcoin, according to CoinMarketCap. Are there specific reasons why this is happening? Or is there something going on in the world of cryptocurrency that contributes to this current trend? Confusion Over ‘Ownership’ And ‘Creation’ Before anyone can have access to any form of cryptocurrency online, a user must create their own online wallet for the specific cryptocurrency they want to invest with. It is the same case with Bitcoin, as specific blockchain wallets are created for BTC. Related Reading: Polkadot Shows No Sign Of Slowing, As DOT Gains 33% In Last 7 Days Data chart of BTC wallet address created as of Jan. 2022, source: Blockchain.com From January 2022, a total of 85 million BTC wallets that were unique from each other were created and recorded by Blockchain.com, one of the world\u2019s leading cryptocurrency blockchain hosting sites. This is where possible confusion might occur to those who are not familiar with the difference between creating a cryptocurrency wallet versus uniquely owning certain amounts of cryptocurrency. The unique ownership of the cryptocurrency itself (meaning that they have at least 1 or more BTC in their wallet) is only 43 million worldwide, despite that 46 million Americans have a share when it comes to BTC investment, according to ExplodingTopics.com. Current data on Bitcoin (BTC) ownership, source: CoinMarketCap Lack Of Confidence In The Current Crypto Market Although a growing number of people worldwide (especially in prominent countries such as the United States) are getting more interested in the potential of the power of cryptocurrency and its market, the lack of confidence hinders its potential growth. Due to the recent crypto market crash of 2022, many potential investors became paranoid about losing their money in an uncertain market at the moment. Related Reading: BONK Tumbles 66% \u2013 Can The \u2018Dogecoin Killer\u2019 Live Up To Its Name? Add the fact that some other countries are not yet ready to fully adapt cryptocurrency in their economies. Some have even pushed regulation against cryptocurrency like India, wherein the governor of the Reserve Bank of India (RBI) Shaktikanta Das wants cryptocurrency to be regulated if not banned in their country, as he sees it as another form of “gambling.” He stated on behalf of RBI that it doesn\u2019t consider cryptocurrency a viable financial product, according to India Today. Meanwhile, Bitcoin is trading at $20,883.57 up 23.1% in the last seven days, data by Coingecko show. -Featured image courtesy of Nation of Change<\/p>\n","protected":false},"author":557,"featured_media":516102,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,6664,1742],"class_list":["post-516095","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-crypto","tag-digital-currency"],"acf":[],"yoast_head":"\nBitcoin Disciples: Only 43.5 Million Own The Crypto Globally, Study Shows<\/title>\n<meta name=\"description\" content=\"Out of 8 billion people living on the planet, only 43 million people own Bitcoin -- which amounts to less than 1% of the population. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/ktsl888.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Disciples: Only 43.5 Million Own The Crypto Globally, Study Shows","url":"http:\/\/ktsl888.com\/news\/bitcoin-only-43m-own-btc\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/bitcoin-only-43m-own-btc\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/01\/a-41.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/01\/a-41.png?fit=715%2C425"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","crypto","digital currency"],"dateCreated":"2023-01-14T13:23:59Z","datePublished":"2023-01-14T13:23:59Z","dateModified":"2023-03-08T07:25:48Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Disciples: Only 43.5 Million Own The Crypto Globally, Study Shows\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-only-43m-own-btc\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-only-43m-own-btc\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/a-41.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/a-41.png?fit=715%2C425\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"crypto\",\"digital currency\"],\"dateCreated\":\"2023-01-14T13:23:59Z\",\"datePublished\":\"2023-01-14T13:23:59Z\",\"dateModified\":\"2023-03-08T07:25:48Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/01\/a-41.png?fit=715%2C425","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/516095"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=516095"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/516095\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/516102"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=516095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=516095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=516095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}