The number of cryptocurrency users has reached more than half a billion people
Analysts found that the number of people owning ether increased from 89 million to 124 million, while the number of Bitcoin owners by the end of the year increased from 222 million to 296 million people. 40% of Bitcoin owners also own ETH, while 42% of cryptocurrency owners do not hold either Bitcoin or ETH in their portfolios.
The 34% increase in the number of users is associated with a prolonged bearish trend in the crypto market, the authors of the study are confident:
“Cryptocurrency adoption has grown for 2023 despite macroeconomic headwinds, including tightening monetary policy by Western central banks in an attempt to curb inflation, military conflicts including in the Middle East, and the long-term effects of the pandemic.”
