coinputin.com – While Bitcoin has risen massively over the past few years, there are still many in the world who don’t own the cryptocurrency. Estimates compiled by one analyst show that less than 2% of the world owns Bitcoins.
Almost 2% of the world owns Bitcoin
According to Willy Woo, a leading Bitcoin analyst, less than 2% of the world currently holds Bitcoin. According to his analysis, only 1.7% of the 120 million people own Bitcoins.
“I think 1.7% of the world’s population owns Bitcoin. That estimate could come down to 1.3%. At 1.7%, the Bitcoin s-curve is still at the beginning of the road in terms of adoption… BTC is about to draw a path to itself, and with this current growth, it will be one of the fastest climbs in history.”
This suggests that if bitcoin were to be widely adopted, there would be exponential growth in the price of the cryptocurrency. Woo specifically talks about the growth rates of other technologies that create paradigm shift, such as the Internet and mobile phones. He explains that if BTC continues to grow at its current rate, it will be a technology with “one of the fastest climbs in history.”
Woo, in a recent analysis, thinks Bitcoin will reach $ 200,000 or even $ 300,000 by the end of next year.