According to Bitcoin Analyst Willy Woo, 1 Billion Crypto Users Will Exist by the End of 2025

Crypto News – Willy Woo, a Bitcoin analyst, believes that by the end of 2025, the cryptocurrency market may have one billion users.

On track for 1 BILLION crypto users by the end of 2025. An extrapolation of many independent prior studies in this chart. Binance estimates that 65% of crypto users hold Bitcoin.

Woo

According to Bitcoin Analyst Willy Woo, 1 Billion Crypto Users Will Exist by the End of 2025

Investment strategist and author of the Bitcoin ESG Forecast Daniel Batten claims that Woo’s chart is the first complete model that attempts to map out all current crypto asset users and predict the first billion adopters.

Incredible chart. The first view we’ve had of when we’ll cross the 1B threshold, with a full backtrace.

Batten

As distinct entities that have successfully passed Know Your Customer (KYC) authentication and have engaged in prior blockchain transactions, crypto users are defined in the chart.

A 72% Increase Seems Almost Impossible

Being the first billion cryptocurrency users has long been hailed as a significant turning point in the acceptance of cryptocurrencies by the general public. According to a January 2024 estimate by Crypto.com, the number of cryptocurrency owners climbed by 34% to 580 million in 2023. Bitcoin owners increased by 33%, from 222 million in January 2023 to 296 million in December 2023, making up 51% of all cryptocurrency owners worldwide.

The primary driver of user growth, according to the research, was the happenings surrounding the Bitcoin ETFs. However, based on last year’s growth, it seems doubtful that the current 580 million users will increase by 72% to achieve the first billion.