Source: Cointelegraph Original: "{title}"
Currently, only 4% of the global population holds Bitcoin (BTC), with the highest percentage of Bitcoin holders in the United States, where it is estimated that about 14% of people own Bitcoin.
According to a research report by Bitcoin financial services company River, North America still has the highest acceptance rate of Bitcoin among all continents for both individuals and institutions, while Africa currently has the lowest rate at just 1.6%.
Overall, more developed regions tend to have a higher acceptance of Bitcoin compared to developing regions. River estimates that Bitcoin has only achieved 3% of its maximum potential acceptance, indicating that this digital currency is still in the early stages of global adoption.
The current level of Bitcoin adoption is only 3%. Source: River
This financial services company arrived at the 3% figure by calculating Bitcoin's total potential market, which includes governments, businesses, and institutions, of which the current share is only 1%.
In arriving at the 3% metric, River also considered the under-allocation of funds by institutions and the individual holding rate.
Despite significant progress since its early crypto-punk days, and recently becoming a reserve asset for the U.S. government, there are still some barriers to achieving widespread adoption of Bitcoin globally.
Estimated Bitcoin holding situation by region. Source: River
What is hindering the widespread adoption of Bitcoin?
Bitcoin exists at the intersection of technology and finance, both of which are complex fields on their own, let alone when combined.
The biggest issue facing the widespread adoption of Bitcoin is the lack of education in financial and technical aspects, leading to misunderstandings about Bitcoin, including the belief that it is a scam or a Ponzi scheme.
Digital assets are also notorious for their high volatility; while high volatility is beneficial for short-term traders, it is detrimental for anyone using Bitcoin as a medium of exchange or a store of value.
A report by Chainalysis in 2023 shows that in Latin American countries, stablecoins are the most widely transferred digital assets. Source: Chainalysis
The impact of high volatility is particularly severe for residents of developing economies. Due to lower and relatively stable transaction fees compared to other cryptocurrencies, these residents have adopted dollar stablecoins as a means of storing digital value.
At the recent White House cryptocurrency summit held on March 7, U.S. Treasury Secretary Scott Bessent announced that the U.S. would utilize stablecoins to ensure the dollar's dominance and maintain its status as the global reserve currency.
Related: Crypto industry executives: Four reasons why Trump's Bitcoin reserves are actually a positive factor.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
