Less than 1% of the world population uses crypto



Site Admin
Apr 2017
In this new report by the University of Cambridge, there are only 3,000,000 cryptocurrency users totaling around 11,500,000 wallets, which means only .04% of the world's population uses crypto. We are really in the early stages! Full report below:

Global Cryptocurrency Benchmarking Study

This is the first study to systematically investigate key cryptocurrency industry sectors by collecting empirical, non-public data. The study gathered survey data from nearly 150 cryptocurrency companies and individuals, and it covers 38 countries from five world regions. The study details the key industry sectors that have emerged and the different entities that inhabit them.

Key Findings:
  • The current number of unique active users of cryptocurrency wallets is estimated to be between 2.9 million and 5.8 million.
  • The lines between the different cryptocurrency industry sectors are increasingly blurred: 31% of cryptocurrency companies surveyed are operating across two cryptocurrency industry sectors or more, giving rise to an increasing number of universal cryptocurrency companies.
  • At least 1,876 people are working full- time in the cryptocurrency industry, and the actual total figure is likely well above two thousand when large mining organizations and other organizations that did not provide headcount figures are added.
  • Average security headcount and costs for payment companies and exchanges as a percentage of total headcount/operating expenses are similar, but significantly higher for wallets.
Source: University of Cambridge, Judge Business School - Dr. Garrick Hileman and Michel Rauchs