In the field of digital currency, Bitcoin has always been the focus of much attention. However, despite its increasing popularity, some people question whether Bitcoin's popularity is as fast as expected. In fact, according to statistics, only 1.7% of the world's population holds Bitcoin, which has triggered people's thinking and discussion on the popularity of Bitcoin.

As the originator of cryptocurrency, Bitcoin has always attracted much attention since its birth. However, it is not easy to achieve the popularity of Bitcoin. Although it has many advantages as a decentralized digital asset, it faces many challenges and limitations. The fact that only 1.7% of the world's population holds Bitcoin reflects the difficulties in the process of popularization of Bitcoin.

First of all, the technical threshold of Bitcoin is a major obstacle to popularization. For the general public, it is not easy to buy and use Bitcoin. It requires certain digital currency knowledge and skills to operate, which is undoubtedly a huge obstacle for those who know nothing about digital currency. Especially in some developing countries, digital currency education and popularization work have not kept up, which has led to the slow popularization of Bitcoin in these areas.

Secondly, the price volatility of Bitcoin also affects its popularity. As a highly speculative asset, the price of Bitcoin fluctuates greatly, which makes some ordinary investors discouraged. Especially when the financial market is turbulent, the price of Bitcoin fluctuates violently, which makes the holders panic and affects the popularity of Bitcoin.

Furthermore, Bitcoin faces challenges in legal supervision in some countries and regions. Due to its decentralized nature, Bitcoin is difficult to be effectively regulated by traditional financial regulators, which poses certain risks to the financial stability of some countries. Therefore, some countries have taken strict control measures on the use of Bitcoin, which has become a major obstacle to the popularization of Bitcoin.

However, despite the many challenges facing Bitcoin, many people are confident in its prospects. With the continuous development and improvement of blockchain technology, the security and reliability of Bitcoin will be further improved, which is expected to attract more investors and users to join the ranks of Bitcoin. At the same time, some countries and regions are also actively exploring the regulatory model of digital currency, creating a better environment for the legal use of Bitcoin.

In general, the road to the popularization of Bitcoin is still long. Although only 1.7% of the global population holds Bitcoin, with the continuous development and improvement of the digital currency industry, it is believed that the popularity of Bitcoin will gradually accelerate, bringing convenience and opportunities to more people. In the days to come, let us wait and see and witness the continued evolution of Bitcoin, the digital revolution.

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Bitcoin has sparked a global investment boom in recent years and has gradually matured, but its popularity is still not as high as expected. Statistics from top chain analysts show that less than 2% of the world's population currently holds Bitcoin.

According to Bitcoin analyst Willy Woo, only 1.7% of the world's population, or 120 million people, currently holds Bitcoin:

My best estimate is that only 1.7% of the world's population has ever been exposed to Bitcoin. The theoretical lower limit is 1.3%. At this moment, Bitcoin's S-shaped growth curve has not even taken shape. At the current growth rate, it will be the fastest-growing technology in history.

As he explained, this simple fact shows that if Bitcoin is widely adopted, the price of the currency will grow exponentially. From the past to the present, whether it is the Internet, 5G, IoT or AI, these major trends have driven the essential changes in technology and are a paradigm shift. In comparison, Willy Woo believes that if Bitcoin can continue to grow at its current rate, it will become one of the fastest growing technologies in history.

He also explained in a recent analysis that he believes Bitcoin will reach $200,000 or even $300,000 by the end of next year:

My top model suggests that Bitcoin could reach $200,000 conservatively by the end of 2021; $300,000 is not out of the question. Currently, the market is paying an average of $7,456 for their tokens. You are all geniuses. ”

Bitcoin macro price chart after price model analysis by cryptocurrency analyst Willy Woo.

Many expect the population of Bitcoin owners to rise rapidly in this market cycle. Millionaires alone are expected to allocate funds to this area in the next few years. For example, Niall Ferguson, a senior fellow at the Hoover Institution at Stanford University in the United States, said that institutional players and millionaires have begun to accept Bitcoin:

The epidemic has accelerated the digital transformation and made the concept of Bitcoin as a digital asset and digital gold more widely accepted. Almost every month, a big shot in the mainstream investment community jumps out and says, "Okay, I know, I will never dare to underestimate Bitcoin again in the future", and this process of institutional adoption will continue for a while.

Recently, blockchain investment institution Blockchain Capital found in a survey that nearly half of Americans believe that Bitcoin will be widely used in the next 5 to 10 years; nearly one-third of Americans believe that they plan to buy Bitcoin in the next 5 years.