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Cryptocurrencies have taken the world by storm, introducing an entirely new asset class accessible to the masses.
Soon a name surfaced as the inventor of Bitcoin; Satoshi Nakamoto. It’s surprising that he still remains unknown even after crypto led to what experts called, the 21st-century gold rush.
Most people know about Bitcoin. However, that’s not the only cryptocurrency in the market.
Over 7,550 cryptocurrencies are currently in use, and they are revolutionizing the way various industries work, especially investments and finance.
20 amazing cryptocurrency statistics that will blow your mind
- Global crypto market capitalization: $1.95 trillion
- Number of global crypto ATMs installed in 2021: 34,000
- Number of cryptocurrencies: From 66 in 2013 to 7,557 in 2021
- Daily cryptocurrency trade volume: $120 billion
- Number of crypto exchanges: 600
- Blockchain wallet users as of March 2022: 81 million
- 50% of small-business owners think market volatility is the major barrier to cryptocurrency adoption
- 32% American small businesses accept crypto as payments
- Cryptojacking grew by 28% in 2020, resulting in a $82 million loss
- Money lost in global crypto thefts in 2021: $681million
- Average loss per crypto investment scam: $1900
- Number of bitcoin frauds in the US in 2020: 8,000
- Age group of 20 to 49 are 5X victims of crypto scams
- 1 million Ethereum transactions processed everyday
- A Bitcoin post appears on social media every 3 seconds
- 16% of Americans use cryptocurrency
- The First Bitcoin was purchased in exchange for two pizzas
- Bitcoin is owned by 65 percent of cryptocurrency users
- Blockchain adoption will save banks $27 billion annually
- 67% millennials trust Bitcoin as a safer investment option
20 amazing cryptocurrency statistics that will blow your mind
You must have read about the rise of cryptocurrencies and how they became immensely popular. But today we will add some more interesting knowledge to your arsenal.
Here are some of the most amazing crypto facts that will give you a sense of how powerful this market is becoming every day.
Global crypto market capitalization: $1.95 trillion
As per the data recorded in April 2022, the global crypto market capitalization stands at $1.95 trillion. It reached $3.3 trillion (all-time high) in November 2021.
Believe it or not, it’s worth was over a mere $578 billion back in November 2020. Financial experts are bullish on the future of cryptocurrencies. So, if you are looking forward to adding some lucrative growth to your investment portfolio, consider investing in crypto now.
Even if you don’t want to spend cash buying crypto, there’s good news for bitcoin (BTC) enthusiasts. You can buy BTC with a credit card. It’s the perfect time to harness the immense growth possibilities of digital currencies.
Number of global crypto ATMs installed in 2021: 34,000
According to a report, 34,000 Bitcoin Automated Teller Machines (ATM) were installed around the globe in 2021. Interestingly, this number increased nearly 119% from January 2021 to December 2021, when the number rose to 33,911 from 13,993.
It’s worth noting that the introduction of cryptocurrency ATMs helped make this particular form of currency more accessible and mainstream.
But you may ask, how do crypto ATMs work? Well, these ATMs enable users to buy cryptocurrency using cash. Once the payment is made, QR codes help deliver the digital coins to the users’ digital wallets.
Number of cryptocurrencies: From 66 in 2013 to 7,557 in 2021
As crypto soared in terms of popularity, so did the number of coins.
However, apart from the most popular cryptocurrencies, namely Bitcoin, Ethereum, and Binance Coin, others have a little trade volume and following.
Daily cryptocurrency trade volume: $120 billion
Having an understanding of crypto’s market capitalization is vital. So is its daily trading volume index. If you think $120 billion per day is a high trade volume, what about the following fact?
The daily trade volume for crypto peaked in May 2021 when it was valued at $500 billion. That’s too much money on the table. As it stands, every day millions of transactions involving crypto occur worldwide.
Number of crypto exchanges: 600
The greater accessibility of trading platforms and global exchanges is among the main reasons behind the unexpected rise in crypto’s popularity.
There are more than 600 cryptocurrency exchanges around the globe, which invite investors to trade in different digital assets.
Blockchain wallet users as of March 2022: 81 million
As of March 2022, more than 81 million people created Bitcoin wallets on Blockchain.com.
Cryptocurrency owners and consumers require blockchain wallets to trade, manage, and store their cryptocurrency. This particular statistic related to cryptocurrency depicts the rise in its popularity as a payment alternative.
50% of small-business owners think market volatility is the major barrier to cryptocurrency adoption
As crypto continues to make headlines every day, there are still some people who ask “is Bitcoin digital currency real money”.
There is still some hesitation among small business owners, as far as the adoption of the revolutionary blockchain currency is concerned. Here are the top reasons why business owners are reluctant to adopt crypto, along with the percentage of people who think so:
- Market volatility: 50 percent
- Higher risk: 45 percent
- Lack of legislative support: 36 percent
- Limited awareness of cryptocurrencies: 34 percent
- Cryptocurrencies are too young: 34 percent
- Cannot pay staff in crypto: 28 percent
32% American small businesses accept crypto as payments
It has been learned that over one-third (about 32%) of small business owners accept cryptocurrency as a means of payment. They mostly accept Bitcoin as well as Ethereum.
Cryptojacking grew by 28% in 2020, resulting in a $82 million loss
In 2017, the term “cryptojacking” was coined to describe a cyberattack that seeks to take control of a computer and use it to mine bitcoins without the user’s will and/or without their knowledge.
The shutdown of Coin Hive in 2019 led investors to feel that the risks related to cryptojacking had passed. However, that was far from the truth. In fact, attempts aiming at stealing cryptocurrency increased in 2020 by over 30%.
Money lost in global crypto thefts in 2021: $681million
Due to additional layers of security and improved cybersecurity measures, the instances of crypto scams and thefts reduced considerably over the last two years.
Despite this, crypto attacks, particularly those involving decentralized finance (De-Fi), caused almost $681 million in losses in 2021.
Average loss per crypto investment scam: $1900
According to the Federal Trade Commission, the average loss investors suffered an average loss of $1900 due to cryptocurrency-related fraud or theft between October 2020 and May 2021.
This suggests the threat investors have to face if they are not careful about their investments.
Number of bitcoin frauds in the US in 2020: 8,000
2021 was a record breaking year for cryptocurrency frauds. More than $14 billion worth of crypto was stolen by scammers.
That’s nearly twice the $7.8 amount stolen in the previous year.
Age group of 20 to 49 are 5X victims of crypto scams
Crypto fraud can affect all investors in some way.
However, because cryptocurrencies mainly appeal to young and inexperienced investors, it’s no surprise that the age group of 20 to 49 is also the most vulnerable to numerous cryptocurrency frauds. In fact, they are 5 times more victims of all cryptocurrency frauds.
1 million Ethereum transactions processed everyday
During the fourth quarter of 2020, Ethereum, Bitcoin’s main competitor, had the most transactions per day.
With 1.2 million transactions as of February 2021, Etherium remained the most popular cryptocurrency. Bitcoin transactions per day were roughly 330K, which is nearly four times less than Ethereum.
There are about 28,866 Bitcoin-related social media postings made per day. As per the math, around 1,203 posts are made every hour.
That works out to almost 20 posts each minute!
16% of Americans use cryptocurrency
According to a research report by Pew Research Center, 16% of Americans use cryptocurrency in one sape/form or the other. That totals to around 53 million people.
The First Bitcoin was purchased in exchange for two pizzas
The first-ever real-world bitcoin transaction occurred on May 22, 2010, between two Bitcoin forum members. This amount of Bitcoin is worth nearly 90 million dollars at the current exchange rate. So, technically, those were the most expensive pizzas to date (45 million dollars each). Moral of the story: never sell your investments too early.
Bitcoin is owned by 65 percent of cryptocurrency users
Bitcoin is the most widely used digital currency and has about 70% ownership.
Even better, digital cash investors can put up to 20% of their money into Bitcoin. So, how do these traders make use of this form of cryptocurrency?
Here’s a breakdown of how it’s used:
- Almost 40% of users prefer to keep their coins rather than sell them.
- It is used by 11% of people to pay for products and services. Consider it a barter system.
- It is used by 22% of people to lend or stake money.
Blockchain adoption will save banks $27 billion annually
Money-laundering checks, payment processing, reconciliations, compliance, and treasury operations all cost banks a lot of money.
By 2030, financial institutions might save over $27 billion annually because of blockchain implementation. The organizations’ expenses will be slashed in half as a result of this.
67% millennials trust Bitcoin as a safer investment option
J.P Morgan Chase conducted a survey which claimed that a whopping 67% of millennials trust Bitcoin as a safer option for their investments as compared to gold due to the tougher economic climates.
As people wonder how blockchain technology will disrupt business, they rarely realize that it has already started transforming different sectors.
The statistics that we listed above show the growth potential of the technology as a whole.
For those who are still hesitant about investing in crypto, this might be the best time ever to acquire some crypto assets.
No matter what, cryptocurrencies are the future of finance. Those who ride the wave at the earliest would reach the highest clouds.
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