63 Cryptocurrency Statistics, Facts & Trends

jordan tuwiner, founder of buybitcoinworldwide.com
by Jordan Tuwiner · October 13th, 2021

You’re about to see a list of up-to-date cryptocurrency statistics.

On this page you’ll find hand-picked statistics related to:

  • Bitcoin market cap
  • Daily Bitcoin transactions
  • Cryptocurrency market size
  • Cryptocurrency growth statistics
  • Cryptocurrency users statistics
  • Cryptocurrency adoption statistics
  • Cryptocurrency statistics by country
  • Cryptocurrency security statistics
  • A whole lot more

Let’s see some stats.

Here is a Summary of Key Cryptocurrency Statistics:

  1. 22 dollars invested in Bitcoin in 2012 would be one million dollars today.
  2. Bitcoin makes up about 66% of the total cryptocurrency market today.
  3. There are more than 6,000 different types of cryptocurrencies, some expected to last longer than others.
  4. Bitcoin has a market cap of $600 million, and has grown exponentially in the years since it was created.
  5. At its highest price, Bitcoin had a total market cap of more than $1 trillion.
  6. Several investors have become billionaires through smart cryptocurrency investments.
  7. The total market for cryptocurrency is the 8th largest global economy in 2021.
  8. Nigeria has the most users of crypto, with about 1 in 3 people saying that they've utilized this form of payment.
  9. Asia is the continent with the largest number of crypto users globally, with around 150 million people having some investment.

All Cryptocurrency Statistics

Below are 63 of the most up-to-date cryptocurrency statistics and trends. Keep reading.

1. In less than 10 years, Bitcoin has increased over 227,000% in value.

Bitcoin was the first cryptocurrency on the market. When it first launched, a 22 dollar investment would now be a million dollars today. That's how people have become billionaires through Bitcoin!

bitcoin price growth rate

2. In 2021, the market capitalization for cryptocurrency is around 2.20 trillion dollars.

This makes it the eighth largest economy in the world, if you're calculating based on gross domestic product. It's difficult to calculate how crypto stands up to global economics because it is specifically designed not to be a traditional country's currency.

cryptocurrency market cap

There have been efforts made by different countries to have capital gains taxes on crypto. Different legislation is involved in different areas.

3. Bitcoin alone has a market cap of about 600 million dollars, and once was worth over a trillion dollars.

If you wanted to own every Bitcoin in existence, you would need hundreds of millions of dollars. The total value of the currency is in excess of 600 million and climbing. It was at its highest earlier in 2021, at which point it was worth more than a trillion total.

4. Approximately 112 billion dollars is traded in cryptocurrency per day.

It is one of the most prolific forms of currency in the world. Cryptocurrency constantly makes headlines due to its trade volume and increasing global share. In October of 2021, the volume is around 112 billion dollars a day, and the market is expected to grow.

amount of cryptocurrency traded everyday

5. There were more than 2,300 new cryptocurrencies launched in 2020, making up a huge chunk of the 6,000 currently on the market.

ICOs, otherwise known as initial coin offerings, are the beginnings of new cryptocurrencies. Many of these are not able to last. They need to establish that they have value based on the way they're mined and how they're used in transactions.

6. There are around 15,000 Bitcoin-specific ATMs available around the globe, allowing people to trade cryptocurrency for regular currency.

When you go to a Bitcoin ATM, you can deposit cash of your global currency. Then you can purchase Bitcoin and sometimes other types of cryptocurrency. You aren't able to withdraw physical funds, but you can input physical funds and make digital transactions with them.

7. Bitcoin holds about 66% of the total market share in the economy, meaning that it still makes up the majority of the crypto realm.

About 66% of the total value of the cryptocurrency market is tied up in Bitcoin. Other cryptocurrencies have tried to compete, but none have dominated yet.

Bitcoin had 100% of the market share when it first launched, and it had around 86% in 2015. That indicates that other currencies are slowly overtaking it.

8. In the world, there are 419 total spot exchanges specifically for cryptocurrency.

Spot traders allow crypto investors to trade with other holders on the spot. You can purchase or sell your cryptocurrency in real time. Most spot exchanges are digital.

9. About 80% of the daily trading of cryptocurrency happens in the top 10 exchange locations, which dominate the market.

People are more likely to go to one of the better known exchange locations online or in person. Because these exchanges are so large, you're more likely to find a buyer or a seller with a low price there.

10. 63% of the daily trading of cryptocurrency happens within the top 4 exchange locations, with 17% more shared by the next 6.

The top four locations for spot exchanges dominate the market, making up the majority of trades in the industry. Their large size makes them difficult to ignore.

11. The total global income that people get from mining cryptocurrency is over 20 billion per year, spread out among the varying crypto miners.

Mining crypto is a time intensive process. Different cryptocurrencies have different methods of mining, usually involving solving a complex algorithm with a computer. Those who mine crypto gain income from owning new cryptocurrency rather than investing in the existing market.

12. Digital payments have grown significantly in recent years, with over 700 billion total digital transactions in 2020.

Digital transactions have grown from year to year as people become more dependent on online commerce. In 2020, there was a 14% increase in digital transactions when compared to the year before.

13. Since every Bitcoin transaction is recorded to keep track of the coin, the blockchain has grown to more than 320 gigabytes in size.

The blockchain is the piece of data that keeps track of the ownership of every Bitcoin. It can tell you about when different Bitcoin changed hands and who owns what now. There is so much data that it takes up over 320 GB of space, and that number grows every day.

14. There were more than 120 million digital transactions conducted using Bitcoin in 2020, which was a small but substantial number of the total digital payments.

Bitcoin doesn't make up the majority of digital payments. However, it does make up a substantial amount of them. People have become more comfortable accepting and using virtual currency to pay for goods in recent years.

amount of digital transactions using Bitcoin

15. There are about 100 digital payments per person in the world every year. However, many of these might be concentrated with high level investors and corporations.

Do you make 100 digital purchases every year? That averages to about one every three days. But that goes for every single person on the globe, including those who never shop online. The numbers are likely skewed higher for frequent investors.

16. Tesla was the first company in the top Fortune 500 to announce that they'd acquire Bitcoin, but others are expected to follow.

Tesla has become well known for electric cars. The CEO Elon Musk was the first of the Fortune 500 CEOs to say that his company would be investing in Bitcoin. However, due to the increasing demand for cryptocurrency, it's expected that other Fortune 500 CEOs will follow his lead.

tesla was the first company to buy bitcoin publicly

17. Incidents of cryptocurrency theft increased in 2020 compared to 2019, but more total value was stolen in 2019 than in 2020.

There was a major hack in 2019 that led to the stealing of billions in cryptocurrency. In 2020, there were more hacks and thefts reported. However, none of them were large enough to compare to the 2019 hack. In fact, 2020's losses to theft were 160% less than 2019's.

18. Almost 300 million dollars worth of cryptocurrency was stolen during a hack in 2020, but around four fifths of that has been recovered.

This major theft was related to a KuCoin hack. But about 80% of the stolen assets have been returned. The hack did lead to concern about the stability of the crypto market, which caused some loss of value.

19. Gift cards have the highest incidence of BitPay acceptance, with more than 1 in 4 businesses accepting this form of payment.

Vendors who offer gift cards and prepaid credit cards are the most likely to accept BitPay. This may be because prepaid credit cards are similar to a currency exchange. Vendors don't mind taking virtual currency and exchanging it for traditional currency.

20. The industry with the lowest BitPay acceptance is Consumer Electronics, where less than 2% of business owners accept the currency.

It's difficult to say why Consumer Electronics has such a low rate of BitPay acceptance. Some companies might simply not want to deal with the hassle of holding and exchanging cryptocurrency.

21. Around 70 million people around the globe use blockchain wallets to store and encrypt their cryptocurrency.

A blockchain wallet is a type of digital wallet that holds not just Bitcoin, but all of the other cryptocurrency you own. The purpose of it is to make it easy to access your assets and to encrypt your data so you can't be hacked.

22. There are social media posts made about cryptocurrency once every two seconds, making this one of the most talked-about forms of currency.

Cryptocurrency is frequently making global headlines with regards to economics. But the buzz goes further than that. Social media posts make up a huge chunk of people's engagement with the industry.

23. It costs up to a million dollars to make an algorithm that's able to predict shifts in the crypto market and trade based on these.

Cryptocurrency is much harder to predict than the stock market, real estate market, or other more traditional assets. If you want an algorithm that can predict shifts, you'll need to be willing to invest a lot.

24. "Virtual currency" is used more often than cryptocurrency to describe the different crypto options on the market.

Virtual currency refers to any currency that exists solely in a digital form. Governments often use this term instead of cryptocurrency when discussing the phenomenon.

25. About 6% of people in the US own or have used crypto, while 32% of people in Nigeria say the same.

Nigeria has the largest crypto-using population, with about a third of individuals reporting that they have worked with cryptocurrency before. The United States is ninth on that list, since only about 6% of individuals have used this form of currency.

26. About 86% of engagement with Bitcoin investment comes from men, with just 14% coming from women.

Analysts say there is a major discrepancy between the number of men and women who work with Bitcoin. But with that said, more than 70% of women do say that they are aware of the existence of Bitcoin and cryptocurrency.

27. White respondents to surveys in the US have a higher awareness in general of Bitcoin than Hispanic and Black individuals.

But there is a significant amount of awareness of cryptocurrency in the Black and Latino communities in the US, particularly among younger people.

28. Two out of every three millennials believe that Bitcoin is a safer investment than precious metals like gold.

Precious metals are often used as a hard asset investment because they always have value. But millennials tend to trust in the value of Bitcoin and other cryptocurrencies more.

29. The process of mining cryptocurrency uses more electricity than the entire country of Argentina, leading to serious environmental concerns.

Energy consumption is a big issue for Bitcoin and other cryptocurrencies that use mining systems.

30. Bitcoin mining alone uses up enough electricity that more than 10 million homes could be totally powered for the year.

The mining is done by computers that work on complicated algorithms. Every time a new Bitcoin is "mined," the algorithm becomes more complicated.

31. If cryptocurrency was considered a country, its energy consumption would be in the top 30 in the world.

That's amazing because it means that mining uses as much energy as things like basic infrastructure, industrial needs, and commercial uses.

32. Tesla used more than a billion dollars of environmental subsidies to purchase Bitcoin as of 2020.

The tax subsidies were due to the company's contributions to the environment. After investing in Bitcoin with these subsidies, Tesla started accepting Bitcoin payments when people wanted to purchase cars.

33. Carbon emissions from Bitcoin mining are larger than the emissions of all the activity in New Zealand.

That includes the residential, commercial, industrial, transportation, and power carbon emissions in the country. Wow!

34. The Bitcoin mining process uses up the same amount of energy as every global data center in the world combined.

Global data centers use about 185 TWh of energy combined to store electronic information. The entire Bitcoin network also uses up about that much energy annually.

35. Bitcoin mining actually produces more carbon emissions than precious metals mining every year.

Gold mining is notorious for being environmentally unfriendly, but it seems Bitcoin is moreso.

36. Legislation in the state of Kentucky has been passed to give crypto miners tax breaks and energy breaks.

Cryptocurrency miners in this state are no longer required to pay electricity sales tax if they purchased the electricity for their mining rig.

37. The carbon footprint of a single transaction with Bitcoin is the same as about 55,280 hours of streaming video or more than 700,000 credit card transactions.

That's more video streaming and credit card purchasing than the average person does in a lifetime!

38. The cost of electricity to mine Bitcoin every year comes to almost 4.5 billion dollars worldwide.

Bitcoin mining might be great for electric companies, but it raises concerns about how the infrastructure can handle the power consumption.

39. A significant amount of income generated by crypto is spent on electricity, with miners using more than 20% of their earnings.

In total, crypto miners spend around 23% of their total mining income to maintain electricity for their rig. That's the biggest cost of a mining setup for most people.

40. Graphic processing units are faster at mining Bitcoin, but they also use more electricity than the central processing units that used to be used.

CPUs were the original units used to mine Bitcoin. But GPUs are faster. You need to have the fastest rig if you want to mine Bitcoin, so miners have switched over to these. Unfortunately, they use significantly more power.

41. Over 60% of the hash rate for the Bitcoin network is dependent upon non-renewable sources of energy, another cause for environmental concern.

There's a lot of worry about how global infrastructure will cope when non-renewable resources become more scarce.

42. Unless something changes with the Bitcoin mining process, it has the potential to increase the global temperature more than 2 degrees Celsius.

This has led to a significant amount of outcry from environmental activists. Some Bitcoin miners are considering switching to nuclear power for a more sustainable mining setup.

43. The vast majority of Bitcoin mining occurred in China, which has recently begun cracking down on mining operations.

China recently announced that it intended to make Bitcoin mining illegal, which led to a sudden plunge in the value of the cryptocurrency.

44. Bitcoin creates more carbon emissions than the largest airline in the world, American Airlines.

It is one of the biggest polluters on the globe, ranking among some of the top corporations worldwide.

45. When compared to other industries, Bitcoin creates the largest carbon footprint for each dollar by far, making it the least environmentally sustainable industry in the world.

When it comes to environmental sustainability, Bitcoin is more wasteful than any other industry. A switch to nuclear power might change that.

46. If you purchase 50,000 dollars worth of product with Bitcoin, the carbon footprint is about 270 tons.

That's the equivalent of around 60 heavy duty cars. It's hard to conceptualize just how much energy that uses.

47. Bitcoin gains are estimated to be massively underreported on taxes in the US, even though you legally must disclose them.

The IRS has been a little behind the times in terms of cryptocurrency, and it states that people have underreported their earnings.

48. In 2015, there were only about 800 tax-reported Bitcoin transactions in the US.

There may have been more than 800 transactions in the country, but that's the number reported on tax returns.

49. In 2019, it's estimated that less than 150,000 people documented their cryptocurrency gains or losses on their tax returns.

The IRS intends to work on more specific guidance for how people need to document their cryptocurrency holdings.

50. Different countries have different ways of dealing with crypto, but most accountants recommend classifying it as an intangible asset.

Intangible assets also include things like stocks, bonds, and other non-tangible holdings.

51. Thirty countries around the globe have guidance on how cryptocurrency should be classified on your taxes.

This makes it much easier for people to declare their investments and pay the appropriate taxes.

52. In 2020, there were 12 countries that had specifically banned people from owning, investing in, or making transactions using cryptocurrency.

This number has risen in 2021, and it may continue rising with the environmental concerns about crypto.

53. Indonesia and Ecuador both ban business owners from accepting cryptocurrency as a payment form.

The other countries banning crypto may allow it to be accepted as payment from holders in countries where it is legal.

54. There are 24 countries that state that they do not consider cryptocurrency to be the same as traditional currency.

Cryptocurrency is classified differently from traditional currency in these countries, considered an investment rather than a form of payment.

55. Cryptojacking is one of the biggest cybersecurity threats, with many people's machines used to mine crypto without their knowledge.

Malware can be installed on computers and other electronics that is then used to mine cryptocurrency without paying for the electricity.

56. In 2020, there was a cost of nearly 2 billion dollars in cryptocurrency related crime.

This was a massive amount of crime, with most of it being related to fraud and theft.

57. Two groups of hackers have claimed to be responsible for more than half of all cryptocurrency theft in the world.

They stated that they had stolen about 60% of assets that people had reported missing. These hackers are considered some of the most prolific and skilled in the world.

58. Some analysts estimate that anywhere from 50 to 80% of cryptocurrencies were launched as a means of committing fraud.

Initial coin offerings are sometimes just a way for developers to fraudulently gain people's money. You should be careful about the crypto you invest in from the ground-up.

59. Defrauding and exit scams are tragically common in the crypto world, like a Ponzi scheme in 2019 that defrauded people of almost 3 billion dollars.

Schemes to defraud people have existed in every form since the dawn of time. Now they've been reimagined for the digital world.

60. The most common crime related to cryptocurrency is fraud, with about 73% of criminal activity meeting this guideline.

Fraud might involve fraudulently representing your assets or claiming to sell someone something that isn't actually real.

61. About half of all thefts of cryptocurrency in 2020 were related to DeFi hacks.

DeFi hacks targeted cryptocurrency holdings. This had a serious impact on the credibility of Decentralized Finance.

62. In 2020, more than 40 million dollars in Bitcoin was stolen or defrauded by criminals.

When compared to the billions of dollars available in Bitcoin, though, this number seems lower. It's a fractional percentage of the entire market.

63. In 2020, there was 3.5 billion dollars in cryptocurrency sent to digital wallets that were later marked as being involved in criminal activity.

Not all of the criminal activity was necessarily related to the cryptocurrency, though.

Frequently Asked Questions

These are some of the most common questions about the cryptocurrency market.

How many people use cryptocurrency?

Cryptocurrency has become more and more common in recent years. In 2021, there are more than 300 million users of cryptocurrency around the globe. That means that about 3.9% of the population owns some form of cryptocurrency.

In addition, there are thousands of businesses that accept cryptocurrency payments. Those numbers are expected to grow as more and more businesses see the value of the market.

How many cryptocurrencies are there?

Though Bitcoin and Dogecoin might be the best known cryptocurrencies, there are actually many more than that. In 2021, there are more than 6,000 different currencies. The value of these varies widely. Some might become worthless within a few months, while others might be lucrative investments.

This is a huge increase over the last decade. In 2011, cryptocurrency was almost unheard of. In 2013, there was just a tiny handful of different electronic currency available.

What is the market size of the cryptocurrency industry?

The global market for all cryptocurrency is valued at around 1.5 billion US dollars. However, it is expected to explode in value over the next decade. By the time 2030 rolls around, the market is expected to be worth almost 5 billion dollars.

Which cryptocurrencies will be the most valuable remains to be seen. But this is definitely a growing industry with growing consumer demand.

What is Bitcoin’s market capitalization?

The market capitalization for Bitcoin changes on a minute to minute basis. As of June of 2021, the market capitalization was around 600 billion US dollars.

While that is an enormous amount, it's actually a decline. At its peak in April of the same year, Bitcoin had a market capitalization of over a trillion dollars.

How many daily Bitcoin transactions are there?

The peak of daily Bitcoin transactions was in December of 2020 and January of 2021. As of January, there were about 400,000 different transactions happening per day. While this was a larger amount of transactions than some currencies, it paled compared to Ethereum.

In September of 2021, the daily Bitcoin transactions hovered around 250,000. On some days, the number dipped below 200,000, while on others it neared 300,000. The number of transactions seemed to vary depending on the news about Bitcoin's value.

On days when Bitcoin was going up in value, people were holding onto their coins. But when the coin was losing value, people used it to make purchases.

Which country has the most cryptocurrency?

Cryptocurrency is a decentralized form of payment, which means that it doesn't adhere to any one country. However, you can determine how much crypto a country uses based on its citizens' spending habits.

You might expect the largest cryptocurrency user to be the United States. But you might actually be surprised. It turns out that the largest population using crypto is in Nigeria, where almost one third of the entire population either owns or has used crypto for their transactions.

That said, the richest cryptocurrency holders do live in the US. These are people who have made billions of dollars by trading Bitcoin and other currencies on the market.

Which cryptocurrency has the most users?

Bitcoin has the largest number of users, though most people own just a tiny fraction of a single coin. It was the first cryptocurrency to hit the market, and it remains the best known. Stores that take cryptocurrency are more likely to take Bitcoin than other forms of digital payment.

The next most used type of cryptocurrency is Ethereum. This one is interesting because it is more often used the same way traditional currency is. People use their holdings to make purchases and accept payments. With Bitcoin, it's more common for people to be making a long term investment instead.

What is Bitcoin’s market share?

Bitcoin has a massive market share when it comes to cryptocurrency options. In fact, it holds more than 66% of the market capitalization. That leaves just 34% to be spread among all the other crypto options.

For the most part, Bitcoin is significantly more valuable than other cryptocurrencies. It has a level of scarcity due to its mining system.

The 66% is actually a decrease, though. When the coin first started out, it was the only type of digital currency and held a 100% market share. As of 2015, Bitcoin had an 86% market share, with just a few other options competing.

The downward trend seems to indicate that other cryptocurrencies are fighting for space in the Bitcoin market. This single digital currency won't always be the most dominant option available.

What percentage of the world is invested in cryptocurrency in 2021?

In 2021, about 3.9% of the population has some ownership of digital currency. That amounts to around 1 in every 25 people, with over 300 million individual investors total.

Some countries have higher numbers of investors than others. For example, in Nigeria, about 1 in every 3 people either own or have recently used cryptocurrency.

By continent, the largest number of crypto users is in Asia. There are more than 160 million users there. The next most crypto-heavy continent is Europe, which has just 38 million users. Africa comes in third with 32 million.

What are the most important cryptocurrency demographics?

Cryptocurrency demographics vary widely based on the country you're talking about. For example, in most Asian countries, the demographics tend to skew Asian.

In the US, white investors are more likely to invest in crypto than investors of color. Men are also more likely to invest than women. Some analysts believe that women may have been partially "shut out" of conversations about crypto investment.

This parallels general investment in the US. White men are more likely to invest their finances than any other demographic in the country.

Age is another interesting demographic. Perhaps unsurprisingly, the majority of crypto investors skew younger. Older people might not be as interested in investing in something so technologically complex. Two out of every three investors is below the age of 45.

Conclusion

Cryptocurrency is a type of decentralized currency that is digitally bought and sold. It is fascinating because the different types of cryptocurrency can give people buying power in the global market. Many forces affect the value of different cryptocurrencies.