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 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 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 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.”

Tags in this story
Bitcoin Holders, bitcoin owners, crypto holders, crypto owners,, cryptocurrency holders, cryptocurrency owners, global crypto owners, number of bitcoin owners, number of crypto owners, number of ether owners, number of ethereum owners

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

Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Source Link

Share with your friends!

Products You May Like

Leave a Reply

Your email address will not be published. Required fields are marked *

Please enter CoinGecko Free Api Key to get this plugin works.
x  Powerful Protection for WordPress, from Shield Security
This Site Is Protected By
Shield Security