Only 4% of the global population currently holds bitcoin (Btc), with the highest concentration of compassion in the United States, where approximately 14% of individuals owned the BTC.
According to a research Report From the River, a BTC financial service company, North America remains a continent with the highest rate of adoption in individuals and institutions, while Africa is currently minimum of 1.6%.
In general, BTC adoption tends to be higher in more developed regions than the development of regions. The river estimates that BTC only achieves 3% of the highest potential adoption – signal that digital money is still in First Stages of Global Adoption.
The Bitcoin adoption path is only 3%. Source: River
The financial service company arrives at 3% figure by calculating the total Bitcoin’s total addressable market, which includes governments, corporations, and institutions – at only 1%.
River also took the institutional underallocation and individual rates of ownership to reach a 3% scale.
Although Bitcoin has come a long way since the early Cypherpunk day, recently Became an asset of the United States government reserveMany obstacles stand in the way Bitcoin Mass adopts a global scale.
Bitcoin is estimated to be the geographical region of the geography region. Source: River
Related: Bitcoin Weekly Dangers near the bottom $ 82k in US BTC Reserve Fairmentment
What stops the masses’ adoption?
Bitcoin stands at the intersection of technology and financial – two topics that are dense enough on their own, let together.
The biggest problem facing the mass of bitcoin mass is a lack of financial and technical educationThat’s where the misconceptions about BTC – including this idea is a scam or a Ponzi scheme.
Digital assets are also well-known for their high volatility-a friend of the short-term businessman but the enemy of anyone using BTC as a medium of exchange or a value store.
A 2023 report from the chainalysis revealed that stablecoins were the most extensive transferred digital assets in Latin American counties. Source: Chainalysis
High volatility disproportionality affects residents in the development of economies, which has Turn to the US dollar stablecoins As a digital value store due to their low transaction fees and relatives of stability compared to other cryptocurrencies.
At the recent White House Crypto Summit on March 7, United States Treasury Secretary announced that Scott Bestent was the US Use stablecoins to ensure US dollar hegemony and protect its status as a global currency reserve.
Magazine: Bitcoin payments are weakened by centralized stablecoins
