Bitcoin already has 11 years of life and is constantly in the spotlight due to its high price. However, according to analyst Willy Woo, less than 2% of the world's population has any amount of cryptocurrency.
According to the famous analyst, the amount of the population that owns bitcoin can vary from 1.3% (minimum) to 1.7% (maximum). This suggests that approximately 120 million people have the cryptocurrency.
The number of 120 million is low, compared to the 7.7 billion inhabitants on the planet. This also means that the digital currency has not even touched the beginning of the adoption curve.
“According to my best estimate, 1.7% of the world's population has Bitcoin. 1.3% is the minimum. At 1.7%, Bitcoin didn't even check in early in the adoption curve. Soon he will be on the way. With current growth, this will be one of the fastest climbs ever. ”
For Willy Woo, this "small" adoption suggests that the price of the digital currency may rise rapidly if the currency has an increase in adoption. This could happen soon, as big companies are accepting the cryptocurrency, like Paypal, which next year will allow its more than 300 million merchants to accept Bitcoin as payment, and others are planning, like Spotify.
The analyst compares the rate of adoption of other technologies that have changed the world, such as the Internet and cell phones. He explains that if Bitcoin continues to grow at the pace it is today, it will be the technology with "the fastest adoption ever."
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