Just how early are we?

We see a lot of “we are early” or “ mass adoption is so far away”…. But what do the numbers say for Crypto usage, adoption or actual users?

To start with the actual users or wallets for crytpo…

As of August 2022, the number of crypto wallet users reached 84.02 million worldwide, from 76.32 million users in August 2021. The increasing growth in crypto wallet usage can be attributed to the growing use of cryptocurrency. Soon those yearly growth numbers will be 100 million or more per year…

Source - https://www.grandviewresearch.com/industry-analysis/crypto-wallet-market-report

With a population of approximately 8 billion people this is .0105 of the population…. 1%!!

Now thinking that a lot of us have multiple wallets, a lot of institutions, business, exchanges who have many wallets and that number goes down even further, less than 1%..

Think about that, less than 1% of the world population is involved in Crypto vis a wallet. Now I wasn’t able to confirm what number of these wallets include people holding on exchanges, not your keys not your crytpo, but to keep it simple we can keep the math.

The first Bitcoin was released in 2009, so 13 years since inception.

December 2013 there were approximately 890,000 users or wallets

December 2014 2.71 million

December 2015, 5.34 million

December 2016 10.69 million

December 2017 21.51 million

December 2018 31.91 million

December 2019 44.51 million

December 2020 63.48 million

December 2021 80.24 million

https://www.statista.com/statistics/647374/worldwide-blockchain-wallet-users/

So we can see that the number of wallets, and hopefully users is steadily increasing year over year. Simple case uses like nfts have driven larger gains in users or wallets over the past years and Reddit is sure to drive this growth even harder which helps the entire crypto industry.

We are still in the birth stage for crypto, it’s new, it’s whacky, and people are mostly taking a wait and see. There is a lot of scams, it’s the Wild West. The hiccups we seeing are needed to shape the market and industry. As things mature and calm down, more will jump in.

The early adopters are now fully in I suspect and things should be moving into the second phase of growth very quickly. This comes as case uses grow, real world usage and adoption grows. Think of countries, open seas, or the Reddit marketplace when and if it’s launched. More uses more users.

There is an old saying that the tipping point for adoption of any product or thing is normally 25%. Once 25% of a group have grown to like, use and trust something, it will then grow to the rest of the population.

https://www.scientificamerican.com/article/the-25-revolution-how-big-does-a-minority-have-to-be-to-reshape-society/

Seeing the numbers above and how small a percentage of people have adopted or are using. We are early. Amazingly early.

I will dca, I will Hodl in projects I believe in, and..

We…. Are….Early…