I did notice this article in the Telegraph..
https://cointelegraph.com/news/new-survey-shows-around-26-mln-americans-own-and-8-percent-plan-to-buy-cryptocurrencies
https://cointelegraph.com/news/new-survey-shows-around-26-mln-americans-own-and-8-percent-plan-to-buy-cryptocurrencies
This is great news. Only 8% currently own cryptos, and another 8% plan to. IOW, the number planning to get in will double the ranks of crypto owners. BullishAF.
Assuming that's correct, we'll be in for another mega-rally. Not entirely convinced about some of their numbers though. Adding up the amounts invested works out at around $70 billion, for example:
Coin___________ | Pop. % | Avg. Invested (USD) | Total Invested (USD)* |
Bitcoin | 5.15% | 3,453.89 | 57,631,610,000 |
Ethereum | 1.80% | 1,243.42 | 7,251,625,000 |
Bitcoin Cash | 0.90% | 636.22 | 1,855,218,000 |
Ripple | 0.85% | 299.06 | 823,611,300 |
Cardano | 0.45% | 84.22 | 122,792,760 |
Stellar Lumens | 0.40% | 151.38 | 196,188,500 |
Other | 0.75% | 388.33 | 943,641,900 |
68,824,685,880 |
Thats complete nonsense. Not a chance 5% of americans have Bitcoin, let alone each one of them putting $3500 into it.
Can you elaborate why not?
I think that people speculate that the total world adoption is likely less than .5%..... which would be around 35million... and the article seems to be speculating about 17 million americans, when maybe less than 10 million would be more realistic, maybe even less than 5 million.
I work with 50 people. Only two of us have crypto, despite everyone talking about it last year and me convincing people they should get into the space. None of them pulled the trigger.
If we are talking about 8% of 25-34 year old males, then maybe. But 8% of everyone. I just dont believe that.