List of Bitcoin Statistics
General Bitcoin statistics
Bitcoin, a cryptocurrency that was invented by Satoshi Nakamoto in 2008, was made public as an open source in 2009. Since then, it has had its ups and downs in terms of popularity and prices. Here are the most recent Bitcoin statistics:
- Most bitcoin transactions are confirmed within 10 minutes, according to bitcoin mining statistics.
- In 2017, Bitcoin experienced mass adoption, which caused its price to skyrocket in a few months to reach the highest price ever recorded.
- There will never be more than 21 million bitcoins in circulation, according to statistics. This makes Bitcoin even more valuable due to scarcity and limited supply.
- Around 4 million bitcoins were lost due to the loss of their owners' private keys, according to statistics. Another million was stolen online. So there are only 13 million left in circulation.
- The United States, Canada, the United Kingdom, and Austria have the highest concentration of bitcoin ATMs, according to bitcoin ATM statistics.
- Coinbase handles the majority of bitcoin transactions, according to bitcoin trading statistics.
- In 2017, when demand for bitcoin reached an all-time high, daily transactions reached 490,644, according to bitcoin market statistics.
Bitcoin is a cryptocurrency that has seen mass adoption in recent years, causing its price to skyrocket in a few months.
However, security remains a major concern as millions of bitcoins have been lost due to the loss of their owners' private keys or stolen online.
Despite this, more and more people are investing in this digital currency, resulting in a steady increase in its use and adoption around the world.
Bitcoin mining statistics
Bitcoin mining is the process of creating new bitcoins and adding them to the market. Without mining, it would not be possible to confirm the legitimacy of transactions. Here are some interesting Bitcoin mining statistics:
- On average, miners can process 144 blocks in one day, which is equivalent to 1800 bitcoins currently as a reward.
- New bitcoins are added to the overall market capitalization every 10 to 12 minutes when a new block is added to the blockchain.
- The bitcoin reward for miners halves for every 210,000 confirmed blocks added to the blockchain.
- Bitcoin mining consumes an enormous amount of energy, surpassing that of some countries.
- Bitcoin mining companies are looking to countries where access to electricity is cheaper and technology is advanced, like China and the United States.
- The Bitcoin mining process has become too expensive for individuals.
- It takes an average of 10 minutes to process each transaction block and a total of 1,440 minutes are spent daily confirming Bitcoin transaction blocks.
- There is a maximum number of transactions that each block can accommodate.
Bitcoin mining requires a large amount of electricity due to the advanced machines involved in the mining process and computers have to work all the time to try to solve the block available for the reward.
Bitcoin Market Statistics
- In 2017, the price of bitcoin reached an all-time peak of nearly $20,000 per bitcoin, according to Bitcoin Market Cap statistics.
- At the end of 2019, the blockchain market grew in size to $2.2 billion, according to Business Wire.
- Bitcoin transactions continue to increase thanks to the increasing use of this cryptocurrency for payments for goods and services, as well as for speculative transactions. Bitcoin Blockchain statistics have shown a significant increase in these transactions in recent times, according to Expanded Ramblings.
- According to Statista statistics, the cryptocurrency market was worth several billion dollars in the first quarter of 2020. Although bitcoin remains the most popular and widely accepted cryptocurrency, over a thousand other cryptocurrencies have been created in recent years that have also generated billions of dollars in market capitalization.
- Bitcoin represents 67.15% of the total capitalization of the cryptocurrency market, according to Coin Market Cap statistics dating from May 11, 2020. Ethereum is in second place with 8.43%, followed by Ripple (3.58%), Tether (2.63%), and Bitcoin Cash (1.77%).
- In 2013, bitcoin's market capitalization was only $1.02 billion. It reached a peak of 238 billion dollars in 2017 thanks to a surge in prices. Since then, the price of bitcoin has calmed down, without much significant action on the market, according to Statista statistics.
Bitcoin user statistics
Bitcoin is used differently depending on the user group, here are the statistics to know:
- 25-34 year olds represent the most active age group in Bitcoin use at 28.68%, closely followed by 35-44 year olds with 26.76%. The age group that owns the least amount of Bitcoin is those aged 65 and over, with only 2.25%. (Source: Coin.Dance)
- Turkey is leading the adoption of cryptocurrencies with an astonishing 53% of the population supporting Bitcoin as the future of online transactions. The depreciation of the country's currency is fuelling this positive mindset towards cryptocurrencies. (Source: Medium)
- Active users of Bitcoin are those who use it almost every day for various online activities, such as payments or speculative transactions. (Source: Coin.Dance)
- The majority of Bitcoin users are men with 87.72%, while women account for the remaining 12.28%. (Source: Coin.Dance)
Bitcoin blockchain statistics
Bitcoin's Blockchain technology is one of the main strengths of cryptocurrency. Here are the most up-to-date statistics on Bitcoin Blockchain technology:
- In 2018, global spending on Blockchain solutions reached only 1.8 billion dollars. However, over the next year, we could see the adoption of Blockchain across various industries. Research is ongoing across nations to properly integrate Blockchain into the global economy. (Source: Statista)
- Each confirmed Bitcoin transaction is stored on the Bitcoin Blockchain, which happens to be a distributed ledger controlled by person. The number of transactions stored on the Bitcoin Blockchain is constantly changing as data is generated on the Bitcoin network on a daily basis. (Source: Y Charts)
- Blockchain technology allows monetary transactions to go through a secure channel, which bypasses the fees of third party actors like banks or the government. This avoids additional costs and reduces the threat of cybercrime and internal fraud. (Source: Reuters)
Statistics and curious facts about bitcoin
Bitcoin's Blockchain technology is one of the main strengths of cryptocurrency. Here are the most up-to-date statistics on Bitcoin Blockchain technology:
- In 2018, global spending on Blockchain solutions reached only 1.8 billion dollars. However, over the next year, we could see the adoption of Blockchain across various industries. Research is ongoing across nations to properly integrate Blockchain into the global economy. (Source: Statista)
- Each confirmed Bitcoin transaction is stored on the Bitcoin Blockchain, which happens to be a distributed ledger controlled by person. The number of transactions stored on the Bitcoin Blockchain is constantly changing as data is generated on the Bitcoin network on a daily basis. (Source: Y Charts)
- Blockchain technology allows monetary transactions to go through a secure channel, which bypasses the fees of third party actors like banks or the government. This avoids additional costs and reduces the threat of cybercrime and internal fraud. (Source: Reuters)
Summary.
Bitcoin is a digital currency, created for online transactions, and the first of its kind. Since its launch in 2009, millions of bitcoins have been mined and placed in the global economy.
So if you're wondering how many bitcoins there are, the answer changes all the time.
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