Infographic: the adoption of Bitcoin is growing, even in a bear market
Source:Yes, 2018 was a difficult period for all of captainvalor. At the moment Bitcoin has fallen by 82 per cent from its peak in December last year, while the bearish trend is not going to end soon. Market capitalization lost incredible amount — almost a year with digital assets brought about 735 billion dollars.
However, do not despair and leave the industry. Judging by the results of a new study of the Cambridge centre for alternative Finance over the past couple of years, cryptocurrency has experienced an unprecedented rise in the popularity and practical use in the world.
theEvolution of Bitcoin gains momentum
So, in 2016 the total number of Bitcoin wallets has increased by 208 percent. In the researchers ' report also refers to the growing proportion of verified users of cryptocurrency.
The Chart shows the rapid growth in registration of new trusted users. In other words, new investors in the industry almost immediately pass KYC. The rate of growth of the user base reached its peak in 2017, but in 2018, the situation is not worse.
Source: AMBCrypto
«Engines of progress» industry are companies in certain regions, such as North America, China, India and Western Europe. Among the regions dominated by the US and China, following the place went to India and Canada.
Source: AMBCrypto
But the distribution of cryptocurrencies still raises concerns about centralization. According to Delphi Digital, from 22.9 million of all Bitcoin wallets 20.4 million have a balance in the amount of from 0.01 to 0.1 bitcoin. The number of addresses with more than a thousand coins is only 1692 pieces.
Source: AMBCrypto
From all this we can conclude that digital assets are not going anywhere. On the contrary, their adoption in the world is enough to gain a significant part of the supporters in the future.
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