Bitcoin Users To Hit Nearly 5 Million Worldwide by 2019, Says Juniper
There will be 4.7 million global bitcoin users by the end of 2019, said a Juniper Research report released Tuesday. That’s compared with the more than 1.3 million bitcoin users in 2014, said a separate news release. Bitcoin companies like…
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Bitnet, BitPay and Coinbase were profiled or interviewed for the report, it said. “While a number of high profile retailers are enabling Bitcoin payment, activity levels from both online and offline deployments are extremely low,” it said. “While average daily transaction volumes have increased by around 50 percent since March 2014, the indications are that much of this growth results from higher transaction levels by established users rather from any substantial uplift in consumer adoption,” said Windsor Holden, who wrote the report. “With many Bitcoins being hoarded by early speculators, currency supply could be further restricted with Bitcoin mining profitability threatened by a combination of the cryptocurrency’s volatility, lower Bitcoin yields and rising electricity costs,” said the release.