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WALLET

Number of Active Bitcoin Wallets Has Increased 500% in Four Years, New Study Shows

Number of Active Bitcoin Wallets Has Increased 500% in Four Years, New Study Shows

WALLET
Based on estimates that the number of Bitcoin wallets has increased by four times from 8.2 mln in 2013 to nearly 35 mln in 2016, data from a new Visa-backed academic research suggests that the number of active wallets ranges from 7.5 percent to 30.9 percent of the total number. The Global Cryptocurrency Benchmarking Study by the Cambridge Centre for Alternative Finance at the University of Cambridge puts the estimated number of unique active users of cryptocurrency wallets to have increased from between 0.6 mln and 2.6 mln in 2013 to currently between 5.8 mln and 11.5 mln in 2017. As an inaugural research focused on alternative payment systems and digital assets, the study led by Dr. Garrick Hileman is the first of its kind to holistically examine the growing global cryptocurrency indu