How many people own 1 Bitcoin?
The popularity of Bitcoin has been steadily increasing since its launch in 2009. It has become a major part of the cryptocurrency market, and more and more people are investing in it. But the question is, how many people actually own 1 Bitcoin?
Survey on Bitcoin Ownership
A survey conducted by Blockchain.com, in August 2018, showed that 8% of the total population of internet users owned at least 1 Bitcoin. This was a significant increase from the previous year, where only 5% of internet users owned at least 1 Bitcoin.
The survey also revealed that the majority of Bitcoin owners were male, and most of them were between the ages of 18 and 34. The survey also showed that the majority of Bitcoin owners were located in the US, followed by Germany, the UK, and France.
The Growing Popularity of Bitcoin
The popularity of Bitcoin has been steadily increasing over the years. This could be attributed to its decentralized nature, as well as its potential to facilitate faster and cheaper transactions.
Furthermore, Bitcoin has become increasingly popular due to its ability to serve as a store of value. This means that Bitcoin can be used as an asset that holds its value over time, and can be used to hedge against the volatility of the stock market.
Reasons for the Increase in Bitcoin Ownership
The increase in Bitcoin ownership can be attributed to a variety of reasons. Firstly, the increased awareness of cryptocurrency and its potential has caused more people to invest in it. Furthermore, the increasing trust in the cryptocurrency market has also caused more people to invest in Bitcoin.
Additionally, the increasing number of businesses that accept Bitcoin as a payment method has also caused more people to invest in the cryptocurrency. Moreover, the increasing availability of cryptocurrency exchanges and wallets have made it easier for people to invest in Bitcoin.
Conclusion
Based on the survey conducted by Blockchain.com, it can be seen that 8% of the total population of internet users own at least 1 Bitcoin. This is a significant increase from the previous year, and could be attributed to the increased awareness of cryptocurrency, its potential, and the increasing trust in the cryptocurrency market.
Video Link
Here is a great video that explains why people are investing in Bitcoin: