Colin Wu: 1 billion people will own bitcoin by 2025

According to a well-known cryptocurrency analyst, Willie Wu, bitcoin BTC $93,242.24 Bitcoin -3.18% Market capitalization $1.85 trillion VOL. 24 hours $2.96 billion is on the verge of a «monumental leap.» For this reason, in his opinion, «1 billion people will own bitcoin by the end of this cycle.»

Wu emphasized that the accelerated pace of digital currency adoption is outpacing that of the early Internet.

Given the accelerating adoption of bitcoin around the world, cryptographer Adam Beck suggested that the market is setting itself a much higher goal, and $ 100,000 USD for 1 BTC is seen as a «belated achievement.»

«On Tuesday, bitcoin hit $ 73,000. Nobody said anything. Bitcoin stayed above $ 73,000 for most of Wednesday. I think the reason for the mutedness is that $ 100,000 seems a bit late, it’s been a few years now, so there’s not a lot of bull market euphoria when you see green candles scrolling from $ 1,000 to $ 5,000,» Buck said.

According to the analytical tracker CoinMarketCap, at the time of writing, the market leader is showing a sharp 8% drop and is trading at $ 67,733. The total number of coins circulating on the market is $ 1.3 trillion, with traders making daily trades worth $ 76.9 billion. Bitcoin’s market share amounted to 51.56%.