As the cryptocurrency industry evolves, professionals in the field make various predictions about its future. In this regard, a Bitcoin market analyst recently made predictions about the flagship crypto. This is Willy Woo, a BTC professional who has 1 million Twitter followers to his credit. Here is what he predicted.
12% of the world’s population will use bitcoin (BTC)?
According to one publication by Willy Woo on October 12, bitcoin (BTC) could register 1 billion unique users by 2025. The analyst said: “Bitcoin took six months to have 1,000 users, five years to have 1 million users. Today, 13.8 years after its creation, it has more than 300 million users, or 4% of the world’s population. At the current growth rate, 1 billion users will be reached in the next three years. That’s 12% of the world“. He clarified that these are unique users, not addresses.
The day before these declarations, Woo had indicated that the adoption of bitcoin (BTC) in El Salvador “nearly matched its banking adoption“. He said it was “in the first 8 months since launch“. Recall that El Salvador is the first country to adopt, in September 2021, BTC as legal tender.
Indeed, the analyst claimed that in 2021, 25% of the total population of El Salvador had bank accounts. He added that 40% have downloaded Chivo Wallet. In May 2022, 20% of Salvadorans remained Chivo Wallet users while claiming their $30 free BTC.
Towards 1 billion users for the entire crypto sector
Other crypto pros like Willy Woo have made similar claims regarding all cryptos. A report, released in July, from three major companies said that cryptocurrencies will have 1 billion users by 2030. The companies that produced the report are: the Boston Consulting Group, the exchange Bitget and the blockchain investment institution Foresight Ventures.
At the same time, the CEO of Coinbase has declared, in May, that cryptos will register one billion users in 10 years. Indeed, Brian Armstrong had made this declaration during the world conference of the Milken Institute. “Within a decade, 1 billion people will have used or tried cryptocurrency, compared to around 200 million today“, he had precisely affirmed.
On the one hand, there are the professionals who claim that the whole crypto sector will reach 1 billion users before 2030. On the other hand, there is Willy Woo who estimates that bitcoin (BTC) alone will reach this number. users by 2025.
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