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CRYPTOCURRENCY & BLOCKCHAIN STATISTICS 2022



Since their inception in 2009, cryptocurrencies have experienced immense and
unpredictable growth. This new phenomenon has taken the financial world by storm
and changed the way individuals and businesses conduct their daily transactions.
With no signs of stopping, businesses now more than ever see the need to adapt
such currencies in order to keep up with the times.

Below we will present some of the most relevant statistics regarding the state
of cryptocurrencies worldwide.  


TOPICS COVERED





CRYPTO OWNERSHIP STATISTICS


CRYPTO TRADING & MINING


CRYPTO USAGE STATISTICS


THE DANGERS OF CRYPTO


KEY HIGHLIGHTS

 * There are 295 million crypto users worldwide across all known currencies.
 * The global crypto market capitalization currently hovers at $983.72 billion. 
 * The global crypto ownership rate is currently at 3.83%.  
 * There are about 600 crypto spot exchanges globally. 
 * The blockchain market is expected to reach $19.9 billion by 2023. 
 * About 59.6 million Americans currently own cryptocurrencies. 
 * BitPay processes 70,165 cryptocurrency transactions each month. 


GENERAL CRYPTOCURRENCY STATISTICS



With a market as volatile and ever-changing as the crypto market, it’s important
to stay updated with the overall trends. The newest statistics suggest that
crypto usage will continue to rise in the months to come. 

 

By the end of 2021, the number of crypto users worldwide was estimated at 295
million across all known currencies.

 * What exactly is cryptocurrency? A cryptocurrency is defined as a digital coin
   that is decentralized and tracked through what is known as a ‘blockchain’. 

The market capitalization of all cryptocurrencies is constantly changing.
However, the latest estimates put it at $983.72 billion. 

2022 predictions claim the number of payments made via crypto will surpass $10B
globally, 70% more than in 2021. 

 * When a cryptocurrency transaction occurs, it’s added to the blockchain, which
   is constantly being updated and registers all the transactions that go in it.

Bitcoin remains the most popular cryptocurrency. As the first coin on the
market, it has built its way up to 25.2 million owners.

Bitcoin’s success since 2009 came as a shock for the financial industry. Ever
since, it has called attention to the vulnerabilities of the old ways of
banking.

In a span of eight years (2012-2020) Bitcoin has increased its value by
193.639.36%. The highest closing price for bitcoin recorded to date is
$69,044.77.  

Bitcoin’s popularity extends to social media as well, there are approximately
28,866 social media posts about Bitcoin per day. This amounts to 1,203 posts per
hour, 20 posts per minute or one post every three seconds.


BITCOIN PRICE THROUGHOUT THE YEARS



 In order to be considered as one of the top 2% of Bitcoin traders, you would
need to possess roughly 0.28 BTC, meanwhile the average Bitcoin trader currently
owns about 0.01 BTC. 

 * Bitcoin will run out of supplies by the time it hits 21 million, once this
   cap is reached traders will have to stop relying on block rewards for revenue
   and will have to focus on transaction fees. 
 * There are 19 million Bitcoins in circulation as of right now, and the market
   value for Bitcoin has reached $567 Billion.


ETHEREUM PRICE THROUGHOUT HISTORY



Even though Bitcoin remains the front-runner, its biggest competitor, Ethereum,
is slated to outgrow Bitcoin in the near future. By the last quarter of 2020
Ethereum became the cryptocurrency with the most daily transactions -- almost
four times as many transactions as Bitcoin.

While Ethereum did around 1.2 million transactions in February 2021, Bitcoin
only did 272k by comparison. 

Ethereum is expected to have about 13.1 million owners in the U.S. alone this
year. This means that 38.9% of all crypto investors will own Ethereum coins. In
2020 alone, more than one million Ethereum transactions took place every day.

Tokens or coins that are stored in the blockchain grant specific members of the
blockchain rights to the blockchain network. Usually the type of rights granted
to these members differ but can be categorized in four separate groups:


 * EQUITY TOKENS
   
   


 * UTILITY TOKENS
   
   


 * INTRINSIC TOKENS
   
   


 * ASSET BACKED TOKENS
   
   


CRYPTOCURRENCY OWNERSHIP STATISTICS



As of right now, the number of adult crypto owners in the U.S. stands at 59.6
million users, a number that is expected to continue growing. It is estimated
that in a global scale, U.S crypto owners represent roughly 8.3% of all holders.

Crypto ownership is not spread out evenly across all ages with the highest
ownership rate found among adults from the ages of 25 to 34, followed closely by
those in the 35 to 44 age range. The smallest group of crypto owners are those
65 and over, however they are the fastest growing group.


MOST HEDGE FUND MANAGERS RESIDE IN THESE COUNTRIES

34% of the world’s hedge funds can be found either in the U.S. or in the
tax-friendly Cayman Islands. Hedge fund managers live in the U.S. with 43%,
Another 19% reside in the U.K. and 11% live in Hong Kong.

These funds manage a large number of assets worth $59.6 billion in cash. Just a
small percentage of crypto companies have assets worth more than $100 million,
while 39% of them have $10 million or less.

0%

of American students own crypto

Students most likely to invest in Crypto based on their major are:

Students least likely to invest in Crypto based on their major are:


 * 19% MEDICAL STUDENTS
   
   


 * 18% COMPUTER SCIENCE STUDENTS
   
   


 * 8% HUMANITIES STUDENTS
   
   


 * 3% SOCIAL SCIENCE STUDENTS
   
   

By 2021, the number of crypto users owning Bitcoin rose to almost 70%. Of
Bitcoin users, 40% hold their coins in hopes of them selling for a higher price,
11% use them to pay for goods and services and 22% of them stake them for
profit.

Bitcoin continues its dominance by being the most popular coin on the market,
making it around 42.2% more recognizable than other cryptocurrencies. However,
based on 24h volume statistics alone, the latest data put Tether in the lead
position with $90 Billion. 


24H TRAFFIC VOLUME OF DIFFERENT CURRENCIES




CRYPTOCURRENCY MINING AND MARKET



Crypto continues to grow with 24 new cryptocurrencies created every week. As of
right now there are 18,465 cryptocurrencies in existence. 

Mining refers to the process by which cryptocurrencies are generated and by
which new coins and transactions are verified. The income worldwide generated by
mining is estimated to be $20.1 billion annually. 

Turkey is the country with the highest cryptocurrency adaptation to date. It is
responsible for roughly 20% of the world’s cryptocurrency transactions. 

China continues leading as the country with the most Bitcoin miners to date.
They continue to rule around 60% of all global hash rates. 

The top ten cryptocurrencies in terms of market capitalization take up about 88%
of the entire crypto market value, while the rest of the lesser known coins take
up the remaining 12%.

A factor to keep in mind is that in order to mine effectively, the necessary
component is a computer with around 40TH/s computer power.

This costs around $4.32 daily or $1,576 per year. If this is effectively done,
the reward expected for a currency like Bitcoin, for example, is 0.08875
Bitcoins. That translates into $3.017 for the miner. 




TOP TEN CRYPTOCURRENCIES BY MARKET CAP




CRYPTOCURRENCY USE STATISTICS



Because of the rise in interest in crypto mining and trading, there’s been an
increase in their utilization as a method of payment for various purposes.
However, the fragile nature of the crypto market means that prices are highly
unstable and prone to sharp fluctuations in a very short time span.

That said, today the value of online Bitcoin transactions is massive and
surpassed only by companies such as Visa and MasterCard, which -- with a revenue
of $30.3 billion and $16.2 billion respectively -- happen to be the biggest
payment networks in the world.

Because of the widespread popularity and usage, the number of crypto ATMs has
been rapidly increasing. In January 2021, their number worldwide amounted to
14,000. By February of the same year, over 915 new machines were issued.

The largest number of crypto ATMs in the U.S can be found in Los Angeles with
1,942, Chicago with 1,153, Detroit with 796, Phoenix with 636 and Boston with
544. 

Men are statistically more likely to be aware of Bitcoin than women, a small
difference of 78% for men and 71% for women. Out of those participating in
Bitcoin trade and using the currency, 85.77% are male. 


MOST CRYPTO USERS RESIDE IN THESE COUNTRIES



White people are also more likely to be more familiar with cryptocurrency
compared to other races, with familiarity rates of 66% amongHispanic people and
61% among Black people. 

67% of Millennials consider Bitcoin as a safer trading option than the previous
traditional assets, such as silver or gold.


BUSINESSES MOST LIKELY TO ACCEPT CRYPTO AS PAYMENT

2352 American businesses accept Bitcoin as acceptable payment in exchange for
goods and services. Some of the businesses more likely to adapt this practice
include:

CASUAL DINING

LODGING AND ACCOMODATIONS

IT SERVICES

PUBLIC ATMS

CONVENIENCE STORES

GAS STATIONS

Cryptocurrencies have made their way into gaming as 42 million gamers owned
crypto in 2020. The revenue for the crypto gaming industry in 2020 is $321
million. Gamers in the Asia-Pacific region have the highest crypto ownership,
with 22.6 million owning crypto.


MALWARE, THREATS AND DOWNSIDES



Despite the rise in popularity, cryptocurrencies still cause many security
concerns. By January 2020, over 600 million crypto-malware were unleashed. Over
about a year, this number increased by 16 million. Just for the period from 2019
to 2020, crypto theft occurred 160% more frequently than before. 

About $46 million worth of crypto is stolen each month. Overall, from their
creation until now, $3.19 billion worth of crypto has been lost either due to
theft or other types of scams. 

A big concern about the safety of using cryptocurrencies is the ongoing trend of
Cryptojacking.

Cryptojacking is both a financial and cyber criminal activity. It specifically
refers to the usage of a mining machine without the prior knowledge of the
owner. In the last few years, this has become the biggest threat to
cryptocurrencies around the world. In 2020, the number of cryptos stolen reached
$513 million.


COST OF CRYPTOJACKING OVER TIME




U.S INVESTORS' STANCE ON CRYPTO

 * HAVE NOT INVESTED AND ARE NOT INTERESTED IN INVESTING
   
   0%
   

 * HAVE NOT HEARD OF CRYPTOCURRENCIES
   
   0%
   

 * HAVE EXPRESSED INTEREST IN INVESTING IN CRYPTO IN THE FUTURE
   
   0%
   

Certain currencies such as Tether are backed by the U.S. dollar and are
considered more legitimate. However, the fact remains that many big players in
the financial field are not interested in investing in crypto.


ENVIRONMENTAL CONCERNS

One of the biggest drawbacks when it comes to mining crypto is the amount of
energy used during the process. The mining process requires powerful computers
and a lot of electricity. Enough electricity, in fact, to power a country the
size of Argentina.

The process of mining Bitcoin consumes the same amount of energy that is used to
power all data centers around the world.

$0
Annual dlobal cost of electricity used for mining bitcoins
+0°C
Expected rise in global temperatures due to mining cryptocurrencies
0M
Number of homes that could be powered annually with the energy used to mine
Bitcoins
0
Visa transactions completed using the same amount of energy required to mine a
single Bitcoin


THE FUTURE OF CRYPTO



Experts are divided on the future of crypto, and there are also points of
contention between experts and lawmakers. One of the primary reasons for this
split is that even though some believe in the future power of crypto, many are
worried that the negatives outweigh the positives.

As of right now, 24 countries have banned cryptocurrencies. This number might
grow, but the likelihood of a worldwide ban is very low.


2030 PREDICTIONS

A blockchain implementation would assist banks with cutting their expenses by
50% and, in turn, help save more than $25 billion by 2030.

By 2030, the number of new crypto-malware is expected to reach 14 million and
crypto criminal activity will increase by 600%.

Experts predict that by 2030 the global market cap for cryptocurrency will
increase to $5 billion. Bitcoin is predicted to reach $250,000. 

By 2030, the U.S legislative branches are expected to impose regulations and
clarify the tax treatment for crypto, leaving more room for innovation. 

Regardless of your personal views on crypto, the fact remains that it is here to
stay for a while.

However, with a market as fragile as the crypto market, it’s always a good idea
to invest smartly and do your research before making any major financial
decisions. 


SOURCES

 

crypto.com

 

coingeko.com  

 

triple-a 

 

gwi.com 

 

insiderintelligence.com




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