The Number Of Crypto Users Doubles To Over 200 Million! - Kakiforex.com - Financial Market Media No. 1 in the World The Number Of Crypto Users Doubles To Over 200 Million! The Number Of Crypto Users Doubles To Over 200 Million!
InstaForex

July 30, 2021

The Number Of Crypto Users Doubles To Over 200 Million!

 The record of cryptocurrency users doubled, to a current total of 221 million in June.


According to Crypto.com, this positive growth took four months, starting in January with a record population of crypto users at the time of only 106 million.


None other than Bitcoin (BTC) was among the main reasons for this development when some of the world’s giant companies began to venture into the crypto industry.


For example, Microstrategy, PayPal, Tesla, and Visa have made BTC purchases and announced plans to support cryptocurrencies.



Meanwhile, in May, the altcoin market attracted attention which caused the global crypto population to increase sharply to the latest record, 203 million users.


During the same period as well, Ethereum and several Proof-of-Stake (PoS) protocols, became targets when Bitcoin (BTC) faced criticism of its unfriendly mining issues.


Including meme tokens like Shiba Inu (SHIB) and Dogecoin (DOGE) which are hype driven by Tesla founder Elon Musk.


In fact, arguably the sharp growth to surpass 200 million crypto users in May was also driven by the record -high Bitcoin price surpassing $ 64,000 in April.


At the time of writing, the crypto market is showing an encouraging performance with the price of Bitcoin trading at $ 40,063, up 1% in 24 hours.