Are there really 50 million people speculating in cryptocurrencies in the United States? Although this was said by Trump, let's reverse the situation.
Currently, the largest exchange in the cryptocurrency circle is Binance. According to the bnb destruction announcement, Binance's annual net profit is about 6 to 8 billion US dollars.
The ratio of revenue to net profit of Internet companies is generally between 2 and 5. If we calculate it as 5, then Binance's annual revenue is at most between 30 and 40 billion US dollars.
Assuming that 30 billion US dollars are all transaction fees contributed by leeks, according to experience, each leek must contribute at least 50% of the principal in transaction fees to the exchange on average.
Then the principal of the leek is at most 30 billion × 2 = 60 billion US dollars.
I don't know how much the average assets of Binance leeks are, assuming that each leek has a principal of 10,000 US dollars.
Then the real users of Binance are about 6 million.
Even if the average assets of each leek are only calculated as 5,000 US dollars.
Then the real users of Binance are at most 12 million.
As we all know, Binance accounts for about 70% of the funds in the entire cryptocurrency circle... Then let alone 50 million American users... 5 million is not enough
