According to a report by the Crypto.com exchange, the number of crypto users worldwide is estimated at 580 million in December 2023. This represents 34% growth on the January 2023 estimate of 432 million users.
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580 million people hold crypto
Interest in cryptocurrency continues to grow, with the number of crypto users rising as a result. According to the exchange Crypto.com, the global cryptocurrency user base recorded 150 million newcomers in 2023. As a result, the number of people holding cryptocurrency is now estimated at 580 million worldwide.
The report from Crypto.com provides more detailed information on this massive adoption. In particular, the exchange informs that in January 2023, the number of users was 432 million. Thus, the global number of crypto users increased by 34% last year, from 432 million in January 2023 to 580 million in December. We also note that the half-billion user milestone was passed in May 2023.
Bitcoin (BTC) remains the cryptocurrency held by the most people. 296 million people hold the queen of cryptocurrencies today. This compares with 222 million in January 2024. For its part, Ethereum (ETH) saw its user base grow from 89 million to 124 million between January and December 2023.
Some reasons for the rise in crypto users
Several factors have played a decisive role in the spectacular increase in the number of crypto users. Crypto.com cites the Ethereum upgrade in Shanghai following the switch from PoW to PoS.
On the Bitcoin network, these are incessant debates on the possible approval of several Bitcoin ETFs in the USA, which led to an increase in Bitcoin wallets in 2023. In addition, the advent of BRC-20 tokens and Bitcoin ordinals has led to strong demand on the Bitcoin network.
The rise in crypto users worldwide is excellent news for the industry’s growth. With approval of Bitcoin ETFs, crypto adoption is set to continue and consolidate. Several crypto analysts are already launching into predictions on the quantity of crypto holders in 2024. According to a report from Bitfinex, up to 950 million people are expected to own crypto by December 2024. Realistic prediction or pure hallucination?
I dream of a world where every citizen has total control over themselves, including their finances. I believe that Bitcoin is one of the tools that will achieve this revolution. Since 2019, I am learning about this cryptocurrency and spreading the word around.