Out of 8 billion people living on the planet, only 43 million people own Bitcoin — which amounts to less than 1% of the population. Despite the success of the cryptocurrency, a minuscule number of the world’s current inhabitants holds ownership of Bitcoin, according to CoinMarketCap. Are there specific reasons why this is happening? Or is there something going on in the world of cryptocurrency that contributes to this current trend? Confusion Over ‘Ownership’ And ‘Creation’ Before anyone can have access to any form of cryptocurrency online, a user must create their own online wallet for the specific cryptocurrency they want to invest with. It is the same case with Bitcoin, as specific blockchain wallets are created for BTC. Related Reading: Polkadot Shows No Sign Of Slowing, As DOT Gains 33% In Last 7 Days Data chart of BTC wallet address created as of Jan. 2022, source: Blockchain.com From January 2022, a total of 85 million BTC wallets that were unique from each other were created and recorded by Blockchain.com, one of the world’s leading cryptocurrency blockchain hosting sites. This is where possi ..
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