Analyst Willy Woo Says Bitcoin Is On Track To Hit 1,000,000,000 Unique Users Well Before 2030 – Here’s When
A closely followed chain analyst says that Bitcoin (BTC) is on track to reach one billion unique users in the coming years.
Willy Woo tells his one million Twitter followers that 12% of the world’s population will use Bitcoin in the next 36 months.
“Bitcoin took six months to get 1,000 users; five years to find one million users. Today, 13.8 years from its inception, it has 300 million+ users, 4% of the world. At today’s growth rates, one billion users will be affected over the next three years.
To clarify, these are unique users, not addresses.”
Woo’s forecast that Bitcoin will have one billion unique users by 2025 appears to be on the optimistic side as other industry insiders predict that crypto as a whole is likely to reach that milestone by the end of the decade.
In July, a joint report by consulting giant BCG, crypto derivatives exchange Bitget and blockchain investment institution Foresight Ventures revealed that the total number of crypto users will rise to one billion by 2030. Coinbase CEO Brian Armstrong also made a similar prediction in May, saying one billion people will have used crypto within 10 years.
Looking at El Salvador, the first country to accept Bitcoin as legal tender, Woo says the number of people using BTC “almost matched banking adoption” less than a year after its launch.
“Of the total population… 40% downloaded Chivo Wallet, 20% continued to use it (May 2022). 25% have a bank account (2021). Bitcoin launch was September 2021.”
According to Woo, 20% of the country’s population continued use Chivo even after claiming their free $30 worth of BTC.
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Featured image: Shutterstock/CI Photos/phanurak rubpol