Connect with us

Featured

Report: Crypto Adoption Hits New Milestones — Global Crypto Owners Reached 425 Million in 2022

Report: Crypto Adoption Hits New Milestones — Global Crypto Owners Reached 425 Million in 2022Crypto adoption achieved new milestones in 2022, with the number of crypto owners reaching 425 million during the year, a new report by Crypto.com shows. Moreover, the report reveals that the number of bitcoin owners reached 219 million in December while the number of ether owners reached 87 million. Cryptocurrency Adoption Achieves New Milestones Crypto.com […]

Report: Crypto Adoption Hits New Milestones — Global Crypto Owners Reached 425 Million in 2022

Crypto adoption achieved new milestones in 2022, with the number of crypto owners reaching 425 million during the year, a new report by Crypto.com shows. Moreover, the report reveals that the number of bitcoin owners reached 219 million in December while the number of ether owners reached 87 million.

Cryptocurrency Adoption Achieves New Milestones

Crypto.com published a report titled “Crypto Market Sizing” for the year 2022 last week. The company explained that its analysis is built on a combination of Bitcoin and Ethereum on-chain data, survey analysis, and its own internal data.

Regarding the total number of global crypto owners, the firm’s Research and Insights team wrote that “in spite of macro headwinds,” namely high inflation, the conflict in Europe, supply chain disruptions, and lingering effects of the Covid-19 pandemic:

Crypto adoption in 2022 achieved new milestones, with the number of crypto owners reaching 425 million (December 2022).

The overall number of crypto owners worldwide grew by 39% from 306 million to 425 million during the year, the report elaborates.

The report also highlights the number of bitcoin and ethereum owners, stating:

Bitcoin (BTC) owners grew by 20% from 183 million in January to 219 million in December, accounting for 52% of global owners.

The strongest growth for bitcoin ownership in 2022 happened in April when the Central African Republic (CAR) became the second country to adopt the cryptocurrency as legal tender after El Salvador, the report notes. In addition, global investment bank Goldman Sachs offering its first BTC-backed loan in the same month showed “further signs of increased interest in crypto from Wall Street institutions,” the Crypto.com research team detailed.

Meanwhile, “Ethereum (ETH) owners grew by 263% from 24 million in January to 87 million in December, accounting for 20% of global owners,” the report continues, adding that “the main catalyst behind Ethereum’s high adoption growth rate was The Merge.” Further, the research team pointed out that “Ethereum’s monthly growth rates were higher than that of Bitcoin’s during the whole year except in April.”

Another company that recently estimated the number of global crypto owners is Triple A. The firm wrote: “As of 2023, we estimated global crypto ownership rates at an average of 4.2%, with over 420 million crypto users worldwide.”

What do you think about the number of global crypto owners reaching 425 million? Let us know in the comments section below.

Source: Featured Archives – Bitcoin News

Featured

Elon Musk Reaffirms Offer to Eat Happy Meal on TV if McDonald’s Accepts Dogecoin

Elon Musk Renews Offer to Eat Happy Meal on TV if McDonald's Accepts DogecoinTesla and Twitter CEO Elon Musk has reaffirmed his commitment to eat a McDonald’s Happy Meal on TV if the fast food chain accepts the meme cryptocurrency dogecoin (DOGE). Musk originally made the offer a year ago but McDonald’s responded with a counteroffer at the time. Elon Musk, McDonald’s, and Dogecoin Payments Tesla, Spacex, and […]

Elon Musk Renews Offer to Eat Happy Meal on TV if McDonald's Accepts Dogecoin

Tesla and Twitter CEO Elon Musk has reaffirmed his commitment to eat a McDonald’s Happy Meal on TV if the fast food chain accepts the meme cryptocurrency dogecoin (DOGE). Musk originally made the offer a year ago but McDonald’s responded with a counteroffer at the time.

Elon Musk, McDonald’s, and Dogecoin Payments

Tesla, Spacex, and Twitter CEO Elon Musk has reaffirmed his commitment to eat a McDonald’s Happy Meal on Television if the fast food giant starts accepting payments in dogecoin (DOGE).

It has been a year since the billionaire tweeted his offer on Jan. 25, 2022. However, McDonald’s did not accept his offer at the time. “Only if Tesla accepts grimacecoin,” the Twitter account for the fast food corporation replied to him. Grimace is a fluffy, purple character who tags along with Ronald McDonald in McDonaldland commercials.

The subject came up again this week when Twitter user Dogedesigner asked Musk on Thursday whether his offer is still open. The Tesla boss replied with the 100 emoji, indicating that he still stands by his offer.

Elon Musk Reaffirms Offer to Eat Happy Meal on TV if McDonald's Accepts Dogecoin

Following the interaction between the McDonald’s Twitter account and Musk in January last year, grimacecoin (GRIMACE), a crypto token that has nothing to do with either McDonald’s or Musk, was launched. At the time of writing, each grimacecoin is trading at $0.5879.

Musk, who is known in the meme crypto community as the Dogefather, has long been a supporter of dogecoin. His electric car company, Tesla, currently accepts DOGE for some merchandise, and Musk has said that Spacex will follow suit. Moreover, his Boring Company accepts DOGE payments for some rides.

The billionaire previously revealed that he personally owns bitcoin, ether, and dogecoin. He said in June last year that he will keep buying and supporting DOGE. In July, he confirmed that Tesla has not sold any DOGE, and in November, he said: “Dogecoin to the Moon.”

What do you think about Elon Musk offering to eat a McDonald’s Happy Meal on TV if the fast food chain accepts dogecoin? Let us know in the comments section below.

Source: Featured Archives – Bitcoin News

Continue Reading
Advertisement

Top Posts

We need your support.

Enjoying our free service? Please help us by clicking the ads on our website. They are 100% safe. Thank you!