Since the previous halving, the number of crypto users has surged 400%, not including the impact of the spot Bitcoin ETF launch in the United States.
According to data from Technopedia, approximately 2.7% of the global population is estimated to own Bitcoin as of 2024, which translates to around 219 million people. If accurate, the estimated figure is up around 208% fromWith Bitcoin or most other cryptocurrencies, most user count estimations can not be 100% accurate, as on-chain transaction analysis is often incapable of differentiating between long-term holders and lost BTC, as well as other factors.
Such a breakout has never been seen before, and multiple analysts agree, including eToro crypto analyst Simon Peters.The never-seen-before Bitcoin price appreciation pre-halving has potentially had a positive impact on the mining industry as miners obtained more control over mining costs.