The adoption of cryptocurrency is increasing across the globe. It is becoming more and many people are using these methods of payment. These cryptocurrencies can bypass the state’s regulatory agencies, protect the privacy of users and provide unbeatable yields on investments.
Yet even with all the hype, few are aware of what the buzz is actually means. Many are unwilling to join it, and are skeptical about its legitimacy. This is the place where our guide will come into play as we look at the global trends and data and crypto-related statistics that are associated with this brand new type of digital currency that will be available in 2023.
Quick Crypto Statistics 2023
- Bitcoin appreciated between 2012 and 2022.
- The market cap of crypto is $1.76 trillion.
- Crypto is the 8th largest economy.
- The market cap of Bitcoin is $741 billion
- In 2021, Bitcoin ATMs were nearly 15,000 Bitcoin ATMS
- The dominance of Bitcoin has made it 42.2 percent more popular than any other cryptocurrency.
- The mining industry’s global income is $20.1 billion annually
In-Depth Crypto Statistics 2023
Bitcoin Has Gained 177,500% Between 2012 and 2022
In the time that Bitcoin was first released through Coinbase at the end of 2012 the price was $22 for $1 million worth of the currency however, the price increased by over 311,000% in just a little over 10 years.
The price of Bitcoin is currently at around $39,000. This is clearly a massive improvement over what was available only two years ago and confirms the fact that Bitcoin is an undisputed most popular cryptocurrency.
The Crypto Market Cap Is $1.76 Trillion
Statistics on cryptocurrency show that the crypto market capitalization is over $1 trillion because of an explosive rise in popularity for cryptos in the last few years.
This implies that the cryptocurrency market is the eighth largest economy around the globe that is quite a feat considering the fact that it is a relatively new industry in general is.
Bitcoin’s Market Cap Is $741 Billion
This figure was calculated in 2022 and it’s actually a decline from the value of its market cap in 2021, which was $1.27 trillion. If you were able to purchase each Bitcoin currently in existence it would require more than $700 billion.
Statistics like this one prove that even though Bitcoin has its positives and downs but it is still a major player in the crypto world is concerned.
Daily Trading Volume for Crypto Has Increase to $93 Billion
The data from this study shows that people are getting on the crypto bandwagon and doing it every day.
If you look at the overall market size, you can observe that due to the constant news coverage, cryptocurrencies trade in high numbers every day because their value continues to rise.
By the end of February 2022 the 24-hour trading volume of all cryptocurrency all over the world was $93.4 billion.
By the end of 2021 the volume of trading for all cryptocurrency in the world reached $130 billion. This implies that it’s slowed down a bit however this doesn’t mean it’s going to continue to increase in the near future.
There Were 15,000 Bitcoin ATMS in The World in 2021
Bitcoin ATMs are becoming increasingly and more well-known, and since 2015, they have grown exponentially and now you can find are greater than 15,000 Bitcoin ATMs around the globe.
Bitcoin Is the Most Popular Cryptocurrency Still
Bitcoin is currently the largest and most used cryptocurrency despite the growth of other cryptocurrency in the market. The dominance of Bitcoin is greater than 42.2 percent, and while it might fluctuate in value over the coming months, we don’t predict that any other cryptocurrency is going to be close to the same level of dominance.
There Are 459 Spot Exchanges Around the World
According to the statistics that are available, according to statistics, there are four59 exchanges offering cryptocurrency in the world with a total trading amount per day that is $93.4 billion.
The Ten Most Popular Crypto Exchanges Account for 79% of Daily Trading Volume
In spite of the fact there are currently thousands of cryptocurrency exchanges all vying for your attention, as with other businesses there are only a handful of companies that can be on top.
This is the reason why the top 10 cryptocurrency exchanges in the globe comprise 79% of all world-wide the daily volume of trade. They comprise Binance, Venus, Upbit, and more.
Worldwide Stablecoin Trading Volume Every 24 Hours if $77.86 Billion
Statistics on cryptocurrency will reveal that throughout the world the value of all Stablecoins which are tokens that are specifically tied to an asset that is stable or the number of different assets such as the Fiat currency, is estimated to trade $77.86 billion each day.
Global Mining Income Is $20.1 Billion a Year
If you’re one who is at all curious about the cryptocurrency world, then you’ve probably been enticed at one time or other times to attempt your hand in the field of cryptocurrency mining.
As you can observe from the statistics such as this there is certainly a chance to earn some serious cash and get a substantial portion out of this pie.
This number includes the costs and rewards that come from mining Bitcoin and we expect that the number is likely to rise as more cryptocurrencies start with initial coin offerings and their value cryptocurrency overall continues to rise.
The global market size of digital Payments is More Than 700 Billion transactions
In 2020 in 2020, the overall number of digital transactions surpassed 700 billion. This amounts to an increase of 14% over the previous year.
The Bitcoin Market Size in the World Wide Web Transactions exceeds 120 Million
In the year 2020, the total number of Bitcoin payments each year was greater than 120 million. That in the day was a tiny proportion of all digital transactions however, it indicates that Bitcoin continued to grow in importance.
Crypto Theft Increased Between 2019 and 2020 by 160%
According to the statistics, a negative aspect of the cryptocurrency market is the theft of cryptocurrency.
Between the years 2019 and 2021, the incidence of thefts from cryptocurrency increased by 160 percent. This indicates the market is growing.
70 Million People Use Blockchain Wallets Around the World
The cryptocurrency wallet also known as a blockchain wallet is an application, medium or device through which you can keep your crypto safe.
This wallet is not just going to keep your cryptocurrency data but is additionally going to protect your information and allow you to login using your credentials, so you can safeguard your crypto assets from hackers and theft.
As you can find out from stats like these, more than 17 million people across the globe use a blockchain wallet. What’s interesting about cryptocurrency is that around 1/3 of Nigerians utilize cryptocurrency, whereas the majority of persons in Philippines and Vietnam use it also.
A Crypto Social Media Post Gets Uploaded Every Two Seconds
We believe it’s reasonable to conclude based on these statistics, cryptography is very thrilling for lots of people and attracts lots of interest. In reality between 14,000 and 32,000 tweets are posted each day on Twitter in relation to cryptocurrency. We believe that this number is likely to rise.
Cryptocurrency Is Now Called Virtual Currency
In 2013, crypto was the most commonly used word to explain and describe digital currencies However, in recent times cryptocurrency appears to be going to disappear as virtual currencies take over.
More males are aware of Bitcoin than females
Another cryptocurrency statistic that’s fascinating is that men are more likely to are keen on Bitcoin more than women. The results of surveys conducted across the globe found that Bitcoin awareness between the males and females across America varied slightly.
Concerning males, as far as they were concerned 78% of the respondents said they had heard of Bitcoin. This is as opposed to 71 percent of females. It’s not the most significant difference however, it does show the fact that men are more knowledgeable and possibly more attracted to crypto than women.
67% of Millennials Consider Bitcoin as A Safe Haven Asset
Just a short time ago, largest security asset according to the old-fashioned generation and financial experts was gold. In the present, the statistics on cryptocurrency adoption show that that the millennial generation are thinking about Bitcoin as a secure asset.
Bitcoin Mining Uses Enough Energy to power more than 10 million homes per year
The data suggests that, when it comes to Bitcoin mining there is a lot more energy is utilized to drive mining than one believe. In actual fact, Bitcoin mining uses enough electricity to power more than 10 million homes each year.
Bitcoin Consumes the Same Energy as All Global Data Centers
Based on Bitcoin statistics it is apparent it is the case Bitcoin mining is hugely dependent on electricity, and based on the current value of Bitcoin the value is believed that mining Bitcoin is roughly the equivalent of the energy that is utilized from all centers for data processing across the globe.
Carbon emissions from Bitcoin Is More than Gold Mining
Even though many millennials believe that Bitcoin to be the latest secure haven investment, compared to the gold market, Bitcoin mining is actually more damaging to environmental impact than mining gold is.
Bitcoin mining is responsible for more carbon emissions in the world than gold mining does. Bitcoin mining is responsible for an average of 81 million tonnes of CO2 annually.
Electricity Costs Annually of Bitcoin Mining Are $4.4 Billion
There are many the CO2 emission that are caused through Bitcoin mining. It also requires a lot of electricity to mine Bitcoin also. Over $4.45 billion is paid for electricity to be used to mine Bitcoin each year.
The IRS believes there is a hefty amount of underreporting in the area of Bitcoin gains
If you are an individual who doesn’t know much about Bitcoin mining and you are looking to make profits as fast as you can, then may be tempted to take off your eyes when you are dealing with tax season.Related: 23 Best Free Crypto trading bots available on Binance, 2023 and more (Bitcoin, Ethereum & more)
The issue with Bitcoin mining and cryptocurrency mining generally is that tax laws are still being developed and they are certainly distinct in each country.
In 2015 the IRS issued a summons for Coinbase the exchange that is the largest exchange to invest in Bitcoin.
They were doing this because they believed there was a huge number of American users who were using their platform to trade Bitcoin and had not reported their transactions on their tax returns.
In the case of the IRS is concerned it is known that there is plenty of underreporting in relation to gains from Bitcoin.
Just 802 People Reported Bitcoin-Related Transactions in 2015
Based on these statistics that the IRS is likely to be right. In 2015, only 802 people reported transactions involving Bitcoin. It is an unquestionable fact that hundreds, if not thousands of individuals investing into and trading Bitcoin.
Two Countries Have Banned Crypto as A Means of Payment
The statistics show that when you are the use of cryptocurrency as a method of payment regulations are different based the place you are located around the globe.
What’s fascinating is it is that there are two nations in the world which have prohibited cryptocurrency as a method for payment, and these are Indonesia, and Ecuador.
Most Countries Want to Tax Digital Currencies
It might surprise you to find that there are certain nations who don’t believe it is necessary to tax cryptocurrency, but most of countries do. A majority of countries agree that the creation of a digital currency through mining is a tax deductible instance. Additionally, they believe removing the virtual currency in the process of a transaction is an event that is tax deductible.
Cryptojacking Is the Leading Cyber Threat
There are many number of ways criminals attempt to mine Bitcoin illegally, and one of those methods is by using cryptojacking. The term “cryptojacking” is the process of allowing machines to mine cryptocurrency without owner’s knowledge. As you can observe from this crypto data, this is rapidly becoming the largest cyber threat to the world. For 2020 the cost of the global theft of cryptocurrency was $513 million. This is an increase of nearly $371 million in 2019.
73% of Crypto Crimes in 2020 Were Seen as Fraud
Fraud in the field of currency plays a major part in the illegal aspect of investing in cryptocurrency and 73% of cryptocurrency-related crimes in 2020 being classified as fraud.
What is Cryptocurrency?
Cryptocurrency, also known as crypto is an electronic cryptocurrency that can make use of to purchase services and products. It uses an online ledger that is protected by encryption to protect your transactions online.
There is a lot of interest in these currencies which are unregulated, in order to earn profits. Sometimes, traders are driving the price high therefore there is the possibility that some people will earn more income.
The most affluent of these cryptocurrency is bitcoin. It has also experienced unpredictable price fluctuations over the time. In April 2021 it went up to USD 65,000 and within the following month, it sank to almost 50% of its value.
In October 2021, bitcoin’s price of bitcoin soared once more, and bitcoin hit its record high at USD 66,000, before it slowed down a bit.
Numerous companies have recently issued their own currencies, which are often referred to as tokens. It is possible to can exchange these tokens to buy the services and items that the specific company offers.
It is possible to think of these tokens as can imagine these tokens as chips for casinos or arcade tokens you can use at a specific casino. In addition you can convert real currency into crypto for access to the company’s commodities.
Blockchain is an advanced technology that digital currencies operate on. It is an open technology that is used by a variety of machines which can manage and document the crypto transactions.
