Cryptocurrency statistics are fascinating, as are cryptocurrencies themselves. Crypto is a relatively new currency, but it has already caused many controversies.
Be that as it may, the fact remains that a lot of people dream of getting rich through cryptocurrencies—especially after the unprecedented rise of Bitcoin in January 2021.
However, this article will not focus solely on Bitcoin, because there are many other fresh cryptocurrencies and cryptocurrency stats that come with them. Many people dream about leaving their job and living off crypto mining — and who can blame them, especially considering all the workplace stress statistics?
So, let’s get to the most prominent stats straight away.
Top Ten Cryptocurrency Statistics for the Crypto-Curious
- In June 2020, there were more than 5,500 cryptocurrencies.
- The cryptocurrency market value is expected to reach $1,758 million by 2027.
- The highest cryptocurrency global market cap was estimated at $800 billion, in January 2018.
- In the second quarter of 2020, there were 18.42 million Bitcoins in global circulation.
- In the first quarter of 2020, the market capitalization of Bitcoin was $117.81 billion.
- Bitcoin remains the king of cryptocurrency, despite falling to 40.07% of the cryptocurrency market share in 2018.
- Bitcoin was valued at $9,165 at the end of June 2020.
- The autonomous Xinjiang region in China accounts for 35.76% of global cryptocurrency mining.
- The Bitcoin blockchain has seen immense growth since its inception, and it reached about 270 GB in March 2020.
- The blockchain technology market is expected to reach nearly $40 billion by 2025.
Global Cryptocurrency Statistics
Like all new technologies, cryptocurrencies are often confusing and met with suspicion and conspiracy theories. We’re always up for busting some myths, so here are some numbers about cryptocurrencies and their popularity around the world.
1. The highest cryptocurrency global market cap was estimated at $800 billion, in January 2018.
(Finance Magnates)
This value is a market cap for all cryptocurrencies, according to the 2018 Finance Magnates global market report. If you don’t believe cryptocurrencies are volatile and change at incredible rates, you should also know that the global cryptocurrency market cap nearly halved and was $417 billion in February 2018.
2. Bitcoin remains the king of cryptocurrency, despite falling to 40.07% of the cryptocurrency market share in 2018.
(Finance Magnates)
Bitcoin is synonymous with cryptocurrency, and it has always been the most lucrative of them all. However, if you compare its market share from April 2013, when it was 94,29%, to the one in June of 2018, you can see it has gained a lot of competition. The crypto market share was pretty homogeneous until 2017, but then many altcoins started increasing their respective market shares.
3. In June 2020, there were more than 5,500 cryptocurrencies.
(E-Crypto News)
We got this info from E-Crypto News, which also states the market cap for all these currencies in June was higher than $271.58 billion. Take this info with a grain of salt, though, because it is virtually impossible to name the exact number of cryptocurrencies.
Even though their number is increasing, cryptocurrencies are slowly losing value. However, this doesn’t mean they’re not a good investment. It just means that they were a much better investment in 2012 and 2013, but it was impossible to guess how much their value would explode over time.
4. The cryptocurrency market value is expected to reach $1,758 million by 2027.
(GlobeNewswire)
Cryptocurrency market growth is guaranteed, and at a CAGR of 11.2% for the forecast period, it should reach the estimated numbers. The popularity of crypto is booming, and with the integration of blockchain technology, growth is imminent due to faster and safer transactions.
5. The blockchain technology market is expected to reach nearly $40 billion by 2025.
(Statista)
Blockchain statistics are fascinating, especially considering this industry is still young and in development. The market grew approximately by a billion dollars every year (around one, two, and three billion, in total, in 2018, 2019, and 2020, respectively).
Since blockchain has widespread use, including IoT and supply chain management, it’s reasonable to expect its immense growth shortly.
6. The Bitcoin Lightning Network broke the 10,000 node record in September 2019.
(Cointelegraph)
The Bitcoin lightning network stats rarely make the highlights, even though they’re essential. The Lightning Network allows speedy Bitcoin transactions, and each node is a separate channel.
At that time, there were more than 5,900 active channels, out of over 36,000 total channels. The node growth on the LN was 3.17% from the month before.
7. The Bitcoin blockchain has seen immense growth since its inception, and it reached about 270 GB in March 2020.
(Statista)
These blockchain stats from Statista are intriguing. The blockchain was less than a full GB in 2012, which indeed shows how much it really grew. In case you didn’t know, the Bitcoin blockchain is a database of all Bitcoin records and transactions since its inception in 2009.
The Most Attention-Grabbing Bitcoin Stats
You may not know a lot about cryptocurrencies, but you’ve surely heard about Bitcoin. Or you have at least read one of those stories about people who became dirty rich through Bitcoin mining.
While most of these are hoaxes, here are some real numbers and facts to show you how big Bitcoin really is.
8. In the first quarter of 2020, the market capitalization of Bitcoin was $117.81 billion.
(Statista)
According to the quarterly market capitalization of Bitcoin by Statista, the Bitcoin market grew immensely. In the second quarter of 2013, it stood at “only” $1.02 billion.
It peaked in the last quarter of 2017 when it was valued at $238 billion. All in all, this is probably one of the crypto coin stats that makes people consider investing in mining Bitcoin.
9. In 2018, 25% of adult Americans were still unaware of Bitcoin.
(Statista)(Statista)
It seems shocking that so many years after Bitcoin’s appearance, some Americans still don’t know about it. Bitcoin and cryptocurrencies, in general, are the most popular in the Anglosphere, which adds to these surprising Bitcoin stats.
Furthermore, 19% of Americans had never heard of any cryptocurrencies back then.
10. In the second quarter of 2020, there were 18.42 million Bitcoins in global circulation.
(Statista)
Bitcoin mining pool stats remain promising because there are almost twice as many Bitcoins now than in late 2012. In the final quarter of 2012, there were 10.61 million Bitcoins.
Also, even though Bitcoin is a virtual currency, there are Bitcoin ATMs that can buy and sell them through online exchanges.
11. As of July 2020, there are 8,488 Bitcoin ATMs in the world, according to Statista.
(Statista)
Bitcoin ATMs are a bit different than regular automated teller machines. The regular ones only allow you to buy Bitcoins, while the more advanced ATMs let you both buy and sell Bitcoins.
According to crypto stats, most Bitcoin ATMs can be found in North America — about 81% of the total Bitcoin ATMs. In 2019, the primary Bitcoin ATM manufacturers were Genesis Coin and General Bytes.
12. The autonomous Xinjiang region in China accounts for 35.76% of global cryptocurrency mining.
(Bitcoin.com)
China accounts for 65% of Bitcoin mining, according to confirmed cryptocurrency stats. The US is second, at only about 7.24%, followed by Russia, at 6.9%.
The percentages we mentioned are based on hash rates, which show the computer power in a Bitcoin network that produces Bitcoins.
13. Bitcoin was valued at $9,165 at the end of June 2020.
(Statista)(Barron’s)
Note that this is the approximate Bitcoin index value. The index is based on average Bitcoin prices in worldwide exchanges. At its peak, the index price of Bitcoin was $19,783 in late 2017. These facts about cryptocurrency simply can’t be ignored.
It’s hard to believe that Bitcoin was valued at only about $20 in early 2013 when its price was stable. After that, the price went up dramatically. In November 2013, it reached $1,100.
14. The Bitcoin cash transaction speed is 4.6 transactions every second.
(Towards Data Science)
On average, Visa is processing about 1,700 transactions every second. Furthermore, these Visa transactions amount to more than 150 million transactions a day. Blockchain has a scalability problem, which causes a bottleneck.
The issues with Bitcoin cash speed are actively worked on, but most new solutions come with new problems, such as privacy or security issues.
15. The Bitcoin mining speed is always 10 minutes because the mining software takes that much time to solve the task.
(The Balance)
Bitcoin speed can mean many things, but in this case, we’re talking about creating a single Bitcoin. Miners are using powerful computers to solve very complex mathematical tasks, and when they succeed, they are rewarded with Bitcoins.
Truthfully, the process is much more complicated, and getting rich from mining is far from easy. It takes a lot of time and money, which is why miners often join forces.
FAQ
Which countries use cryptocurrency the most?
According to Crystal Blockchain report on international bitcoin flows from 2013 to 2019, the following countries use cryptocurrency the most:
- European Union
- The United States
- The United Kingdom
- Singapore
- Hongkong
The US is a booming market for many things that involve risks, such as entrepreneurship. Cryptocurrencies were considered risky for the longest time, but they are becoming more accepted.
If you are looking for more cryptocurrency statistics by country, here are the countries that use cryptocurrency the least:
- Argentina
- India
- Indonesia
- Mexico
- Rusia
(Cointelegraph)
What are the top 10 cryptocurrencies?
Rating cryptocurrencies is not a job for rookies. That’s why we consulted Coinmarketcap, which always has the most recent cryptocurrency information. Here is what they have to say about the top ten cryptocurrencies:
- Bitcoin
- Ethereum
- Tether
- XRP (Ripple)
- Bitcoin Cash
- Bitcoin SV
- Litecoin
- Cardano
- Crypto.com Coin
- Binance Coin
Note that this list shows cryptocurrencies in order, according to their market cap at the time of writing. If you’d like to learn more about the specific cryptocurrency price, volume, circulation supply, and changes visit the website.
(Coinmarketcap)
What is the leading cryptocurrency?
Assuming that you’ve actually read this article and not jumped to the FAQ section right away, you should already know the answer. The leading cryptocurrency is bitcoin, which is the original cryptocurrency, and it remains on top.
The current market cap is higher than $191 billion, and the price of a single Bitcoin is higher than $10,000 at the time of writing.
Bitcoin investments are trendy as an alternative to investing in the stock market. Learning more about stock market statistics can push you in the opposite direction. However, every investment is risky, and the choice is up to you.
(Coinmarketcap)
Which countries have banned bitcoin?
Bitcoin statistics are usually straightforward and easy to verify, but this one is different. Many countries have opposing views on Bitcoin and cryptocurrency, in general, and some of their regulations are complicated. Here is a list of countries where Bitcoin is illegal:
- Afghanistan
- Algeria
- Bangladesh
- Bolivia
- Republic of Macedonia
- Pakistan
- Saudia Arabia
- Vanuatu
- Vietnam
- Qatar
(Medium)
Conclusion
Cryptocurrency facts sometimes seem unbelievable, and that’s what makes them attractive, at least to us. This new, exhilarating currency is still young and needs time to stabilize and mature. It’s one of the reasons why so many people don’t believe in it.
Did you find these cryptocurrency statistics amusing? How many of them did you know already, if any? Are you interested in investing in Bitcoin and other lucrative cryptocurrencies in the future?
Feel free to give us the answers and join the discussion in the comment section below.
Sources:
- Barron’s
- Bitcoin.com
- Cointelegraph exchanges
- Cointelegraph lightning network
- E-Crypto News
- Finance Magnates
- GlobeNewswire
- Medium
- Statista ATM
- Statista bitcoin circulation
- Statista bitcoin circulation
- Statista bitcoin price
- Statista blockchain market size
- Statista blockchain size
- Statista crypto awareness
- Statista quarterly market cap
- The Balance
