Bitcoin users expected to reach 1 billion by 2025? Well-known crypto analysts publicly stated
The rise of Bitcoin seems unstoppable. It has been more than ten years since Bitcoin was founded, and its face value has exceeded 40,000 US dollars. It is currently being accepted by large financial platforms like PayPal and CashApp, and it is easier to be owned by the public than ever before.
Now, cryptocurrency enthusiasts are looking forward to the next wave of Bitcoin applications, making it as widely used as some of the top currencies in the world. Some people even hinted that Bitcoin may reach the unimaginable one billion user mark in just a few years.
Well-known blockchain analyst Willy Woo recently publicly stated that Bitcoin is expected to reach 1 billion users in the next few years. According to a series of tweets released by it, Bitcoin already has about 135 million users, which is equivalent to the number of Internet users in 1997. At the same time, the current growth rate of Bitcoin is much higher than that of the Internet at that time.
Willie Wu believes that if Bitcoin continues to develop like this, the number of Bitcoin users may reach 1 billion by 2025, and this feat took 8 years to complete on the Internet.
Willie Wu wrote on Twitter,
In terms of adoption, Bitcoin users are roughly the same as the Internet in 1997. But Bitcoin is growing faster. In the next 4 years, Bitcoin users will reach 1 billion people, equivalent to Internet users in 2005.
Considering the importance of the Internet to modern life and the possibility that Bitcoin will outperform it, Bitcoin’s potential growth trajectory is interesting.
Many factors make this possible. The first is the existence of the Internet itself, social media and online communities are essential to promote Bitcoin to the public, making it easier for the public to obtain Bitcoin. The Internet has paved the way for the rapid development of Bitcoin in many ways. Therefore, the journey of Bitcoin may be easier than the journey of Internet development.
There are many other factors to consider. For example, the population of the world today is 2 billion more than when the Internet appeared, and the current technology has made tremendous progress.
Marshall Hayner, CEO of Metal Pay, believes that Bitcoin is in the “fourth wave” of applications. This asset has reached the highest level in history in the past few months and has been added to asset allocation by some institutions. Also, Heiner claimed that the popularity of Bitcoin has prompted companies to use Bitcoin as a hedge against inflation in the U.S. dollar and the euro.
At the same time, Visa CEO Al Kelly pointed out the value storage potential of digital assets when announcing Visa’s digital currency strategy. He believed that Bitcoin is “digital gold”.
The layout of these mainstream well-known financial institutions means that Bitcoin is going mainstream. Currently, Ukraine, Russia and Venezuela are the first, second and third largest users of Bitcoin respectively. It is closely followed by China in fourth place and the United States in sixth place.
Willie Wu’s prediction may not be realized, but the demand for Bitcoin and other encrypted assets is certainly increasing rapidly, whether it is institutional or other retail investors. In fact, companies like Binance, Bitrue, Coinbase, and Kraken have recently received new users. At the time of the press release, the transaction price of Bitcoin was $37,049, an increase of 1.2% in the past hour.
In any case, if this prediction comes true, based on the increase in demand, the overall acceptance of cryptocurrency and blockchain will be higher, and we believe that the price of Bitcoin will even exceed the current historical record.