2022 Cryptocurrency Statistics

Cryptocurrency Statistics That You Need To Know

  • A whopping 86% of Americans have heard of cryptocurrency by the end of 2021
  • The average yearly income of a cryptocurrency investor is around $111,000
  • Crypto biggest market right now is India, followed by the United States
  • Tether was the most traded cryptocurrency in November 2021, with a volume of $76.74 billion, making it the most popular cryptocurrency in the world at the time
  • Cryptocurrency investments are typically made for long-term gains
  • Coinbase is the most popular cryptocurrency trading platform for consumers, while Binance is attracting more institutional investors
  • Most people believe that cryptocurrency is an excellent investment, 55% believe it is a long-term strategy for wealth creation

Are There a lot of people interested in cryptocurrency?

In spite of its relative youth in the financial world, cryptocurrency is receiving considerable attention. At least 86% of Americans, according to Pew Research, are familiar with the concept of cryptocurrencies. In September 2021, another 24% of people said they’d heard a lot about cryptocurrency.

What Types of People Invest in Cryptocurrencies?

People who are “ crypto curious,” as defined by the research, do not currently own any cryptocurrencies, but they are willing to learn more or invest in the market in the near future.

What are the most popular cryptocurrencies?

1. Bitcoin is the most popular cryptocurrency among the general public. The price of Bitcoin increased by more than 540,000% between 2020 and 2021, reaching an annual growth rate of 274% in 2020.

Cryptocurrency Market Confidence

Significant cryptocurrencies like Bitcoin and Ethereum have seen a surge in institutional and individual interest since the year 2020.

Key Insights

  • The most popular cryptocurrency is still Bitcoin, which is held by 65 percent of all cryptocurrency owners. 30% of Bitcoin owners allocate 1–20% of their crypto portfolio to BTC.
  • Despite the fact that the majority of cryptocurrency are only holders (39%), staking and lending (22%) and payments (11%) are also popular.
  • 60% of cryptocurrency users keep their digital assets in exchanges, making exchanges the most popular place to store crypto.
  • 66% of people who took the survey said they were using DeFi apps. More than 54% of those surveyed in Southeast Asia use dApps, the region where DeFi is most popular.

Bitcoin is viewed as a safe haven asset by 67% of Millennials

In the past, gold was considered the safest investment, but today’s digital world and crypto adoption has changed everything. Many young people consider Bitcoin to be a safe asset to invest in, and they believe that decentralized financial systems can withstand economic uncertainty.

Trading Statistics for Cryptocurrencies

Cryptocurrency trading and price tracking are made possible through the use of crypto trading exchanges like Binance and Coinbase. High-value people use crypto hedge funds to get better returns than they would from stocks.

79% of daily trading volume is handled by 10 Cryptocurrency Exchanges

CoinMarketCap is monitoring 305 different cryptocurrency exchanges for trading volume. By far, Binance is the most popular, followed by Coinbase Exchange ($2.16 billion) and FTX ($1.47 billion).

Crypto wallets are used by 70 million people around the world

In addition to storing and encrypting your cryptocurrency information, cryptocurrency wallets like Metamask, Coinbase Wallet, Trezor, or Ledger allow you to log in with a username and password so that you can protect your cryptocurrency assets.

Over 15,000 Bitcoin ATMs were operational by the end of February 2021

Using a Bitcoin ATM, you can either withdraw cash when selling Bitcoin or deposit cash and receive Bitcoin to a wallet of your choice. As a result of these ATMs, bitcoin is becoming more widely accepted, which means it is more useful than other forms of cryptocurrency.

There are currently over 10,000 active cryptocurrencies

Developers around the world are hoping to create the next Bitcoin by developing their own cryptocurrency.

Cryptocurrency Mining Statistics

Bitcoin mining is no longer as simple as it was in the past, and the market has become overcrowded. As a result, the cost of mining crypto is high, and the reward is low.

  • Bitcoin mining generates enough energy to power more than 10 million homes each year
  • Regardless of whether you buy or rent a rig, you will have to pay for its upkeep. Pool miners charge between $2000 and $6000 per block to share the block with you
  • Since their peak in 2009, the bitcoin block rewards have decreased significantly
  • As of January 2022, the daily Ether blockchain reward is just $10, or 0.0085ETH. This is the lowest it’s ever been! It was once possible to mine 5 ETH, but this was reduced to just 3 ETH in 2017
  • Bitcoin statistics show that the number of validators grows by 10% per week
  • The annual electricity costs for Bitcoin mining are $4,466,697,344
  • Bitcoin emissions alone have the potential to raise the global temperature by more than 2°C
  • Since it takes ten minutes to verify each block’s transactions, 6.25 Bitcoins are added to the cryptocurrency market every ten minutes

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Technology expert. I’m writing about Web 3.0, Crypto, Blockchain, AI, and other topics. We’re now living in the age of the algorithm.

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Alex Bobes

Alex Bobes

Technology expert. I’m writing about Web 3.0, Crypto, Blockchain, AI, and other topics. We’re now living in the age of the algorithm.