• The Informer Post
  • Posts
  • 27 Million Bitcoin (BTC) Users Now in the US, Says Crypto Exchange Coinbase

27 Million Bitcoin (BTC) Users Now in the US, Says Crypto Exchange Coinbase

November 04, 2019

The leading US-based crypto exchange Coinbase says the number of Bitcoin users has now hit 27 million in the US, representing about 9% of all Americans.

In a new report marking the 11th anniversary of the Bitcoin whitepaper, Coinbase analyzes the global adoption and use of BTC since its inception, comparing the leading cryptocurrency to the advent of the internet.

“Few transformative technologies have captured the public’s interest — and imagination — as quickly as Bitcoin has in just 11 years. Email was invented in 1972 but it took until 1997 for adoption to surpass 10 million people. The television set was invented in 1927 but by the end of the 1940s only 2% of American families owned one.

https://twitter.com/Rhythmtrader/status/1190694088590462976

Bitcoin, on the other hand, went from an idea in 2008, and a first transaction in 2009, to an estimated over 27 million users in the US alone in 2019, or 9% of Americans”

The report also highlights the number of unique BTC addresses on the network, which is now over 820,000, as well as the number of computers that now power the network.

The report also looks toward Bitcoin’s future, citing the growth of the Lightning Network (LN), which is a second-layer solution designed to boost the speed of Bitcoin transactions.

“Bitcoin is the world’s first global currency that harnesses the power of computers — and humankind’s innate need to innovate — to enable worldwide economic freedom. We’re looking forward to what 2020 brings in Bitcoin adoption, innovation, and interest.”

You can check out the full report here.

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.