Less Than One Percent of the World Holds Bitcoin – Why It’s Still Early
Sponsored
Sponsored
If you’ve spoken to a Bitcoin maxi, you might think that the world changed forever in 2009 when the digital currency launched. However, as of 2023 less than one percent of the world’s population holds Bitcoin. In a world where new tech goes viral overnight, why has Bitcoin taken 14 years to still be niche? It took about two years for the worldwide web to catch fire. Between 1993 and the beginning of 1996, websites went from 130 in number to over 100,000. Facebook reached 1 million users within its first year and 100 million users within five years. ChatGPT
Billionaire investor Jeff Gundlach says it’s certainly possible for bitcoin to fall another $10,000. Jeff Gundlach: Bitcoin Is in a Very Bad Place At the time of writing, bitcoin – the world’s number one digital currency by market cap – has dropped to just over $20,000 per unit. The asset…
A sweeping new research report by Ben Harvey and Will Clemente III, commissioned by market maker Keyrock, projects that Bitcoin could reach $160,000 by the end of 2025—but only if the capital structure supporting Bitcoin Treasury Companies (BTC-TCs) remains intact. The research, “BTC Treasuries Uncovered: Premiums, Leverage, and the Sustainability…