How Many People Use Bitcoin

How Many People Use Bitcoin in 2022? (Latest Figures)

Last Updated: November 10, 2022
Let’s look at how many people use Bitcoin and the aspects that have brought it to its current status as the most popular cryptocurrency.
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Quick Answer 🔍

How many people use Bitcoin in 2022?

Bitcoin has over 180 million users.

How many people use Bitcoin in 2022?

Bitcoin, launched in 2009, quickly rose to prominence and is now the world’s most popular and most well-known cryptocurrency.

The topic of this article is Bitcoin usage. It will also discuss more data and figures about this cryptocurrency.

By the end, you should know whether you want to deal in Bitcoin or not. 

If you’re a marketer, you will learn the data and demographics you need to know to better create a marketing strategy for this industry. 

Let’s look at Bitcoin users and the aspects that have brought it to its current status as the most popular cryptocurrency.

How Many People Use Bitcoin in 2022?

Bitcoin, a decentralized digital currency, was the first cryptocurrency and is now used by over 180 million people.

400,000 Bitcoin users are active each day. 

These figures may not be set in stone since a person can own multiple Bitcoin wallets and addresses.

This factor makes it difficult to come up with the most accurate numbers of Bitcoin users. We have shared the most recent data. 

What many people don’t know is that the total supply of Bitcoin is 21 million, which is how much can be issued or mined.

It’s not likely that it will ever reach that figure because of the rounding processes performed in the Bitcoin codebase. 

If, by some chance, the maximum number of Bitcoins is reached, no new Bitcoins will be mined or issued.

Transactions using this crypto will be pooled into blocks, processed, and continue to profit. 

Where Is Bitcoin Most Popular?

Bitcoin

In the beginning, Bitcoin seemed to be most popular in English-speaking countries like the United States, Canada, the United Kingdom, Australia, and South Africa.

These countries still have the largest shares.

As Bitcoin evolved, emerging economies like those in China, Brazil, and India are also seeing higher rates of Bitcoin users. 

In Russia and Ukraine, Bitcoin is intensively used because of the mistrust of financial institutions, but the governments restrict its use beyond the exchanges to prevent instances of fraud and tax avoidance. 

Furthermore, there are major cities across the planet where Bitcoin and cryptocurrencies are widely used.

Here are some cities, not in any particular order, where Bitcoin is not only widely accepted, but widely used and encouraged.

City Hotspots for Bitcoin

Bitcoin usage is also related to the cryptocurrency’s specific hotspots across the globe.

Miami, Florida

Miami is a major metropolis area in southern Florida with around 48 merchants that accept Bitcoin.

You will also find a shocking number of tellers and ATMs (651) that handle Bitcoin.

Miami happens to be host to the Miami Bitcoin Conference, which is one of the largest and oldest cryptocurrency conventions in the industry.

Miami’s mayor, Franics Suarez is proposing that city funds be used to invest in Bitcoin.

New York City, New York

New York City, a major tech and financial hub in New York, features about 36 or so merchants in its metro area.

New York City is also known as a hub for cryptocurrency startups and is home to consensus, which is one of the biggest yearly events in the cryptocurrency industry.

San Francisco, California

San Francisco is a city in California that is considered the tech capital of the US. For instance, it’s host to crypto exchanges like Kraken and Coinbase.

Over 100 merchants in this city and the Bay Area accept Bitcoin in stores, hotels, bars, and restaurants.

The Bay Area is also home to 437 Bitcoin ATMs, of which 65 are inside San Francisco alone. 

Portsmouth, New Hampshire

Portsmouth is a small, coastal city in New Hampshire with a big cryptocurrency community. It’s called Bitcoin Village by its local residents.

You will find about 12 or so cryptocurrency friendly businesses and 21 ATMs for Bitcoin here and in nearby towns. 

Vancouver, Canada

Vancouver has a solid Bitcoin community where regulatory steps have embraced digital currencies.

Over 50 merchants in this city and its surrounding suburbs accept Bitcoin.

There are 221 locations where one can buy Bitcoin, including the first Bitcoin ATM found at Waves Coffee House. 

Amsterdam, Netherlands

Amsterdam is the home of Bitfury and also the headquarters for BitPay. It’s not surprise that this city is so Bitcoin-friendly.

There are over 40 places where you can spend Bitcoin in this Dutch capital, including coffee shops, bike repair, and barbers.

You will also find merchants that accept cryptocurrencies in Rotterdam, The Hague, and in Utrecht. 

Ljubljana, Slovenia

Ljubljana is the Slovenian capital city and its largest. Btstamp was founded by Slovenians before operations began in London and Luxembourg.

There are 11 Bitcoin ATMs in this city and in its surrounding areas with about 200 merchants that claim to accept Bitcoin.

Tel Aviv, Israel

Tel Aviv is the financial center of Israel and also the globe’s leading city for startups. It’s home to 19 merchants that accept Bitcoin and 7 Bitcoin ATMs.

Tel Aviv is also home to The Israel Bitcoin Meetup Group, which is considered the most active group in this industry on the planet with over 4,000 members.

London, England

London has 50 Bitcoin ATMs and about the same number of merchants accepting Bitcoin as payment for products and services.

Coinfloor is one of the crypto startups in London, which also claims it’s the oldest Bitcoin exchange in the United Kingdom.

You will find dozens of cryptocurrency and Bitcoin meetups in London.

El Zonte, El Salvador

El Zonte is a little tourist town in El Salvador that is looking to be rebranded as ‘Bitcoin Beach’.

It’s the planet’s first Bitcoin-centered economy. This city and country accept Bitcoin as a legal tender. 

Currently, El Salvador is the only country that has deemed Bitcoin and crypto to be a currency. 

In the US, Bitcoin is subject to registration and is classified as taxable income as a money services business, but it’s not a currency.

Canada views Bitcoin much the same as the United States. It’s in the category of ‘barter transactions”. Any income from Bitcoin is also considered business income.

In Australia, Bitcoin is considered an asset for capital gains taxes, but not a currency.

The EU (European Union) has regulations that say buying and selling digital assets is under the supply of services and exempt from value-added taxes.

That said, the United Kingdom has its own set of Bitcoin tax rules and regulations. 

As you can see, how many people use Bitcoin is only one small aspect of this digital asset.

Who Owns Bitcoin?

Best Places to Buy Bitcoin Anonymously (no KYC/without ID verification)

Men are the largest demographic in the Bitcoin and cryptocurrency markets. It’s definitely askew related to gender.

79% of the cryptocurrency community is made up of men. That said, Bitcoin and crypto markets are all askew across most demographics. 

Over the past decade, the number of blockchain wallet users has risen from 0 to 80 million.

The three countries with the highest percentage of Bitcoin and crypto users include Nigeria at 32%, Vietnam at 21%, and the Philippines at 20%. 

About 43% of Americans between 18 and 29 years old claim to have used or traded cryptocurrency, including Bitcoin.

Around 53% of cryptocurrency owners are under 34 years old. 

Statistics show that 80% of Bitcoin and cryptocurrency users have a Bachelor’s degree. 36% make more than $100,000 per year.

Furthermore, more than 32% of all small businesses in America claim to accept cryptocurrency as payment. 

The primary target audience of Bitcoin is within the younger generations. These younger people are the ones making the most investments in crypto as a whole.

Of today’s cryptocurrency investors, 8.2% are Baby Boomers, 17.8% are from Generation Z, 28.6% are Gen X-ers, and 44.3% are from Millennials. 

These are the users that are getting the most out of this cryptocurrency and investing.

Fewer than 1% of Bitcoin owners control around one-third of the total supply, according to recent data. 

Whether you’re a Bitcoin investor, potential investor, a person interested in Bitcoin and cryptocurrencies, or a marketer in this industry, all these figures and facts matter. 

Conclusion

We have tried to provide you with data that you may not have already seen or heard, so it’s new and fresh information.

We also strive to provide our readers with the most accurate and current data available. 

We hope we have answered the question of how many people use Bitcoin to your satisfaction.

Also, we hope we have addressed the most interesting facts and figures that will be helpful whether you’re trading in Bitcoin or a marketer. 

The fact remains that many Americans desire more information about cryptocurrencies and Bitcoin and about how it works. There is no lack of interest in this financial market.

Since Bitcoin’s users are 106 million large across the globe, we know they are saving, buying, selling, investing, or trading in Bitcoin one way or another. 

Ever since Bitcoin was launched, it’s been a volatile market. This volatility extends to the whole cryptocurrency market and makes it more appealing to some investors.

Whether you plan to become a major Bitcoin or crypto trader or you are just getting started, we have provided solid data for your use.

If you’re a marketer, you should have plenty of information to help create a viable marketing strategy for this industry.

Will you start investing or trading in Bitcoin? Do you think that Bitcoin will ever fade away, or is it here to stay?

If you’re thinking about getting started in crypto trading, is Bitcoin an asset you like? 

Whatever you decide, we wish you well in your investments and endeavors in the crypto market and Bitcoin. 

Sources

ColormaticsExploding TopicsFortune
FortunlyInvestopediaInvestopedia
Statista

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Written by Thomas McGovern

Thomas has over a decade of experience with blockchain and cryptography. He writes regularly for EarthWeb and holds a M.S. in Mathematics.

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Last Updated: November 10, 2022
Let’s look at how many people use Bitcoin and the aspects that have brought it to its current status as the most popular cryptocurrency.
How Many People Use Bitcoin
EarthWeb is reader-supported. When you buy through links on our site, we may earn an affiliate commission.

Stay on top of the latest technology trends — delivered directly to your inbox, free!

Subscription Form Posts

Don't worry, we don't spam

Written by Thomas McGovern

Thomas has over a decade of experience with blockchain and cryptography. He writes regularly for EarthWeb and holds a M.S. in Mathematics.

Latest Stories