Millions of people, all cryptocurrency enthusiasts live in the USA, according to a tweet seen by this publication, the Cryptocurrency researcher known Watcher.Guru, as says:
FUN FACT: Over 40 million people in the United States are invested in #Bitcoin and #cryptocurrency .
— Watcher.Guru (@WatcherGuru) March 10, 2022
Cryptocurrency adoption is now growing fast, it’s spreading faster than bush fire, and it’s even coming through things that people like to do. This is a clear indication that despite the ups and downs, crypto is here to stay. In the United States alone, over 40 million people now know a thing, or two about cryptocurrency, and specifically Bitcoin. It’s barely 11 years since Bitcoin, the first cryptocurrency, was introduced into the market. This is therefore a big achievement to the founders( who have decided to stay anonymous for reasons known to them) and the world at large.
Bitcoin never had a good response when it was introduced, unlike other cryptocurrencies which are now flowing in after the world has been enlightened. Ross Ulbricht, the renowned founder of dark web marketplace known as Silk Road is credited to be the person who brought cryptocurrency to the limelight in 2013.
From Ethereum to Dogecoin, there are thousands of different cryptocurrencies in existence with others still in development, so if you’re naive here, please be slow. As of March 2022, Bitcoin is arguably the most popular cryptocurrency followed by Ethereum. Just in 2016, you could buy Bitcoin at $500. Currently, a single Bitcoin goes for $40,000. That’s a growth of over 7,000% in 6 years. It’s this abnormal growth which is responsible for the positivity amongst the traders despite the current situation. A miracle may happen any time, in any way.
According to a recent survey conducted by the New York Digital Investment Group (NYDIG), about 46 million Americans own at least a share of Bitcoin. That’s almost 17% of the American adult population. Again, 75% of the United States population said they are interested in learning more about cryptocurrency and Bitcoin life insurance.
The reason why most of the population has started showing interest and became cryptocurrency enthusiasts is because most of the world’s billionaires have been investing in it. For example, Elon Musk, through his company Tesla, has been championing cryptocurrency and even promised that their cars would be exchanged for crypto in the near future. Well, I know this is some good news for crypto traders and investors. Another thing, the rate at which various governments have started studying it, creates a perfect ground for believing that something good may happen.
Remember, at the start, people thought cryptocurrency was a ‘scam’ and it was mostly linked to money laundering. The reality has however hit most and they’re now scrambling for that which they disowned. Digital currency is going to surprise us even more. Just a matter of time.
Image by Gerd Altmann from Pixabay
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