Only 4% of the world’s population currently holds Bitcoin (BTC), with the highest concentration of property in the United States, where around 14% of individuals have a BTC.
According to research report From River, a BTC financial service company, North America remains the continent with the highest adoption rate among individuals and institutions, while Africa is currently the lowest with only 1.6%.
Overall, the adoption of the BTC tended to be higher in more developed regions than in developing regions. River estimates that BTC has only reached 3% of its maximum adoption potential – indicating that digital currency is still in the first stages of global adoption.
Bitcoin’s adoption path is still only 3%. Source: River
The financial services company has reached the figure of 3% by calculating the total Bitcoin market, which includes governments, companies and institutions – at only 1%.
River has also taken into account institutional sub-letting and individual property to reach the metric of 3%.
Although Bitcoin has traveled a long way since its first days Cypherpunk, recently becoming an active in reserve of the American government, several obstacles are held on the path of mass adoption of Bitcoin on a global scale.
Estimated property of bitcoin by geographic region. Source: River
In relation: Bitcoin Weekly risk at closing below $ 82,000 in the United States BTC reserve disappointment
What stops mass adoption?
Bitcoin is held at the intersection of technology and finance – two subjects which are sufficiently dense alone, even less together.
The biggest problem confronted with the mass adoption of Bitcoin is the lack of financial and technical education, which feeds false ideas on the BTC – including the idea that it is a scam or a Ponzi program.
Digital assets are also known for their high volatility – a friend of the short -term merchant, but the enemy of anyone uses BTC as a means of exchange or a value store.
A 2023 chain-analysis report revealed that the stablecoins were the digital asset the most widely transferred to the Latin American counties. Source: Chain-analysis
The high volatility disproportionality affects residents of developing economies, which turned to the stables of the US dollar as a digital store due to their low transaction costs and their relative stability compared to other cryptocurrencies.
During the recent summit of the White House crypto on March 7, the US Treasury Secretary Scott Bessent announced that the United States would use stablecoins to ensure the hegemony of the US dollar and protect its status as a global reserve currency.
Review: Bitcoin payments are compromised by centralized stables
