The Most Astonishing Bitcoin Statistics and Trends in 2024

Statistics on Bitcoin price from April 2013 till Dec. 2023

Price hikes in BTC depend on the investor’s and the industry’s interest in its opening price. With the release of some new products, BTC has shown volatility in the market, though all of this only depends on the flow of Bitcoin over the day. Look at BTC’s price range (U.S. dollars) over the past 10 years.

Top Bitcoin statistics

• The price of BTC has increased by over 540,000% between the years 2012 to 2022.
• Of the overall digital currency users, 65% of them own Bitcoin.
• The investment in Bitcoin in 2012 was $22, more than $1 million today.
• On various social media platforms, Bitcoin gets posted every 10 seconds.
• India has the highest number of digital currency holders worldwide, while the United States owns the highest number of Bitcoin users.
• The highest market cap of BTC was $1,072.21 billion as of February 2021.
• The market capitalization of Bitcoin is $658 billion as of the last week of October 2023.
• Approximately 15,000 Bitcoin ATMs are available around the world.
• Bitcoin makes up 66% of the total market share in the economy.
• More than 120 million digital transactions are conducted using Bitcoin.
• Regarding global Bitcoin investments, 63% came from men and 37% from women.
• White respondents of the U.S. are more aware of BTC than Black individuals or Hispanics.
• Tesla used its $1 billion environmental subsidies to purchase Bitcoin in 2020.
• The carbon footprint generated by a single Bitcoin transaction is more than 700,000 credit card transfers.
• Up till now, the record-high closing price of Bitcoin is $69,044.77.
• Bitcoin is highly promoted in the gaming sector. However, 72% of game development studios are not interested in accepting BTC, 21% are somewhat interested, 6% are very interested, and only 1% are currently accepting Bitcoin as payment.
• Los Angeles has more Bitcoin ATMs in the USA than other cities.

Bitcoin demographics

Top countries who owns decentralized digital currencies are:

General Bitcoin and blockchain statistics

• The size of the blockchain has grown to more than 320 GB.
• Tesla was the first ever Fortune 500 company to announce its investment in Bitcoin.
• Globally, 76 million people use blockchain wallets to store and encrypt their Bitcoins.
• According to millennials, Bitcoin is a safer investment than metals like gold.
• Asia is the continent with the most significant number of decentralized digital currency users: 160 million.
• The market capitalization of Bitcoin is higher than the GDP of 96 countries.
• 6.2% of Americans own Bitcoins, including all the states of the USA.
• 7.3% of Americans are planning to buy Bitcoin for future investments.
• According to Google Analytics, 62.53% of people use desktops to buy and sell Bitcoins, 34.45% use smartphones, and the rest, 3.03%, use tablets.
• In the fastest-growing economy, countries with the highest interest in BTC are Nigeria, Switzerland, Austria, South Africa, and Slovenia.
• There were nearly 39,000 overall Bitcoin ATMs in the 84 countries.
• The creator of Bitcoin, Satoshi Nakamoto, is thought to own 1 million BTC worth of $40 billion to $60 billion in USD.
• China reserved 84% of the blockchain patents before they imposed the ban.
• Industrially, 80% of retail, grocery, and luxury goods merchants are open to accepting Bitcoin as a mode of payment.
• When it comes to travel, hospitality, and automotive, only 25% of merchants have shared their enthusiasm towards Bitcoin.

Bitcoin trading statistics

• Most Bitcoin gains go unreported on taxes in the U.S., even though they are illegal.
• In 2015, only 800 tax-reported BTC transactions were in the United States.
• In 2019, less than 150,000 people documented their Bitcoin gains and losses on their tax returns.
• 25+ countries have guidelines that classify your taxes under digital currency.

Bitcoin usage statistics

• There are 460 million Bitcoin addresses worldwide, of which 37% are economically relevant. Most of the addresses belong to exchanges and third parties.
• 67 million Bitcoin addresses are funded, meaning the Bitcoin wallets have at least $1 worth of BTC tokens.
• Around 18 million Bitcoin wallet addresses have become dormant, implying no wallet movement in the prior seven years.
• 19.5 million BTC exist, whereas 21 million have never been created.
• As per the current scene of the Bitcoin market, 1.5 million BTCs are left to be mined.
• If seen in terms of percentage, 93.220% of Bitcoins are issued.
• In terms of usage, there are, on average, 900 BTC generated daily.

Privacy and Security Statistics of Bitcoin

• In 2020, 12 countries banned people from owning, investing, or making any Bitcoin transactions.
• Indonesia and Ecuador have banned business persons from accepting any decentralized digital currency as a form of payment.
• 24 countries worldwide consider Bitcoin an investment rather than any form of payment.
• One of the biggest cybersecurity threats in the current scenario is “Cryptojacking.”
• Two groups of hackers claim 50% of the digital currency theft in the world.
• Initial coin offerings are the most common way of charging fraudulent money.
• Defrauding and exit scams are widespread in the BTC world.
• 73% of the criminal activities in Bitcoin are caused by fraudulently representing the asset or selling something that doesn’t actually exist.

Bitcoin mining statistics

• In the process of mining Bitcoins, the electricity used is more than Argentina’s annual consumption.
• Electricity use in BTC mining is more than 10 million homes being powered annually.
• Carbon emission in New Zealand is less than that of BTC mining.
• Similar to metal extraction, pollution levels are almost identical in gold and Bitcoin.
• The State of Kentucky does not charge electricity sales tax from the miners if they buy it for their mining rigs.
• The worldwide cost of mining Bitcoin came to around $4.5 billion.
• Miners have to spend 23% of their income to maintain electricity requirements.
• GPUs are faster than CPUs in mining Bitcoins.
• The potential of Bitcoin mining is to increase the global temperature by 2℃ or more.
• China was the most significant Bitcoin miner until its government declared it illegal.
• BTC mining generates more carbon than American Airlines (The largest airline in the world).
• If $50,000 is spent through Bitcoin, the carbon footprint is around 270 tons.
• Up Till now, 822,189 Bitcoin blocks are mined.

Above are the statistics that Bitcoin holds in various areas of interest, but as we are gradually moving toward the new year, some predictions have a high chance of becoming future trends for 2024.

Future trends and prediction for 2024

The upcoming year in Bitcoin can be groundbreaking. New technologies emerge with multiple developing regulations, and much more is to come. Here are some predictions regarding top trends that can proceed in the upcoming year.

Wrapping up

Experts from all around the world are predicting large-scale breakthroughs in blockchain technology. There will be a market surge in blockchain adoption by enterprise and government organizations. This will provide particular results like the expansion of Defi, involvement of various crypto tokens, and convergence of A.I. and blockchain technology with an expansion of the Bitcoin metaverse. The increased regulations and enhanced education over blockchain tech will also be a lookout.

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