44 Amazing Cryptocurrency Statistics You Need to Know

Crypto asset

The latest cryptocurrency statistics are truly astonishing. Indeed cryptocurrency is a word that most are familiar with – even the Federal Reserve. It refers to a data string that is designed to act as digital currency through an online network. There is no central authority on cryptocurrency and it is monitored by a peer-to-peer network called “Blockchain”.

Blockchain is a financial service that basically serves as a secure ledger of transactions of cryptocurrency such as buying, selling and trading.

The world of virtual currency is continuing to grow with many eager investors trying to make their fortune in the industry. Here are some cryptocurrency statistics that you need to know before making a future investment.

General Market Statistics

  1. Bitcoin has grown 94% in the last 10 years. When Bitcoin was first released, the value of a single Bitcoin was $0,09. Over the years the currency has had its shares of gains and crashes, but growth has been relatively steady. The current value of a single Bitcoin is now over $28 000. A great return on investment for those purchasing Bitcoin at its inception phase.
  2. Daily trading of cryptocurrency has risen substantially and averages around $67 billion per day. The currency is continually making headlines in the news and as a result the market capitalization is on the rise. Large volumes of cryptocurrency are being traded daily.
  3. At the end of 2021, the market cap for cryptocurrency reached $2,79 trillion. Although the market has weakened since then, you would still need at least $894 billion to purchase every cryptocurrency available on the market today.
  4. It is estimated that the blockchain market value will increase to reach $39.7 billion by the year 2025. 
  5. The financial sector is responsible for 60% of blockchain’s total value.
  6. It is estimated that cryptocurrency will reach a growth of 5000% by 2030 
  7. There are over 10 000 cryptocurrencies in circulation
  8. There are an estimated 28 000 Bitcoin ATM’s in the world

Cryptocurrency Users

  1. 65% of Bitcoin mining takes place in China. The Xinjiang region accounts for almost 36% of the global mining rate.
  2. It is estimated that Tesla made around $1 million profit from its Bitcoin investment.
  3. In the U.S, more men use cryptocurrency than women.
  4. Blockchain wallets are used by almost 70 million users.
  5. A post about cryptocurrency appears every 2 seconds on a social media channel.
  6. It would cost an estimated $500,000 and $1 million to build a software program designed to find and trade in cryptocurrency.
  7. The most common cryptocurrency owners are in Nigeria with 32%. The U.S only comes in in 9th place with around 6%.
  8. Currently there are around 300 million verified users or owners of cryptocurrency in the world. This is almost a 40% increase in the last year.
  9. An estimated 65% of U.S investors have not invested and are not interested in investing in cryptocurrency.
  10. Research shows that more than half of 18 – 35 year olds are likely to invest in Bitcoin within the next 5 years.
  11. Studies done indicate that 65% of investors use disposable funds to invest in cryptocurrency due to the volatility of the market.
  12. A study done in 2021 indicated that users have a 97% confidence in cryptocurrency.

Crime Statistics

  1. By 2030 there will be an estimated 14 million crypto-malware applications
  2. Research shows that only two groups of hackers were responsible for 60% of cryptocurrency thefts which totalled an estimated $1 billion
  3. In 2020 an estimated $3,5 billion were sent to criminally linked Bitcoin addresses
  4. The largest number of fraudulent cryptocurrency transactions come from Latin America.
  5. Ransomware related crimes are increasing by 500% every year.
  6. A study has shown that approximately 50 to 80% of initial coin offerings (ICOs) were fraudulent as many of the organizers thought that the product would never materialize.
  7. In 2020, Ponzi schemes defrauded crypto investors out of roughly $4 billion. The schemes were called Plustoken and WoToken.
  8. $65 million of Monero cryptocurrency in circulation has been cryptojacked.
  9. It is estimated that cybercrime could cost around $5 trillion in 2030. That would be an 800% increase from an estimated $600 billion in 2018.
  10. Less than 0.5% of Bitcoin transactions are linked to illegal activity.

General Interesting Statistics

  1. It takes 10 minutes to mine a Bitcoin.
  2. Everyday there are around 1000 new cryptocurrency coins added to the market.
  3. Cryptocurrency mining uses enough energy to power almost 10 million homes per year. This accounts for roughly 1% of the global energy consumption.
  4. Bitcoin would be among the top 30 in energy consumption if it was a country.
  5. Carbon emissions from mining Bitcoin are greater than the whole of New Zealand as well as the global gold mining industry.
  6. Cryptocurrency is a limited resource. There is only a limited number of coins available and eventually it will come to an end. As supply becomes less, prices are driven higher. 
  7. The creator of Bitcoin is unknown. There have been many theories about who created cryptocurrency and its market. The name Satoshi Nakamoto is believed to be linked to the creator and many believe it is an acronym for the companies Samsung, Toshiba, Nakamichi, Motorola. This has not been verified.
  8. Cryptocurrency is taxable although the IRS estimates that it is highly under-reported.
  9. The first ever Bitcoin transaction was for pizza. A Florida man paid 10,000 coins for two pizzas in 2010 which was worth around $40 at the time.
  10. One of the first blockchain games is called CryptoKitties where one of a kind digital cats are bred. In 2018, a Cryptokitty Dragon was sold for 600 Ethereum which amounted to around $170 000.
  11. Certain countries such as Turkey have banned cryptocurrency payments. China has recently banned financial institutions from providing any cryptocurrency related services. Although cryptocurrency can’t actually be banned, countries can impose strict regulations.
  12. Around 20% of Bitcoin is lost forever worth around $190 million. This is due to users losing their personal keys which act as a pin number to access an account. Some people have sadly passed away without sharing information with regards to account access.
  13. In 2019, the first cryptocurrency mortgage was taken out by the actor Brock Pierce for renovating a chapel in Amsterdam, The Netherlands.
  14. There are an estimated 100 000 Bitcoin millionaires. Although it is almost impossible to get an accurate figure, there are over 100 000 accounts that =have a value of more than $1 million in them.

Final Words of Wisdom

Although the crypto market is volatile, it seems that growth is set to continue for quite some time. Countries are imposing more regulations on cryptocurrency which may decrease the criminal and illegal transactions.

Cryptocurrency has allowed many to navigate the ever complex and digitized financial landscape. It provides an alternative to more traditional financial systems that many find extremely limiting.

Sources and References