Bitcoin in the world: The number of cryptocurrency users is growing the most

Coinmarketcap has published a report on the cryptocurrency market. In it, they revealed which countries saw the most significant increase in the number of BTC users in recent times. Bitcoin is gaining importance among others in developing countries.

The popular portal notices that interest in bitcoin is growing. It lists the countries where the latter has become the most.

The new study also indicates that women’s interest in cryptocurrencies is growing.

The portal also highlights nine other countries with the highest increase in the number of women who have started to become interested in BTC. The leader of this category is Greece with a result of 163.67%, followed by Romania (145.09%), Argentina (98.2%), Portugal (89.95%), Indonesia (88.92%). Percent), Ukraine (86.68 percent), the Czech Republic (85.6 percent), Colombia (82.03 percent), and Venezuela (80.23 percent).

Overall, Coin  Market Cap was visited by women by 43.24 percent. In turn, the second satisfying result concerns young people between 18 and 24 years old. Here you can see a jump of as much as 46.04 percent—every quarter.

Concerning the segment of youth users, the highest percentage increase was 155.95% in Oceania, and then in Africa – 91.47 percent.

CoinMarketCap joins forces with Binance.

It is worth recalling that CoinMarketCap was recently bought out by the Chinese Binance exchange. Today, the portal is the most popular cryptocurrency data aggregator. It can boast as many as 207.2 million hits in the last six months. In turn, Binance has attracted 113.8 million people over the past six months. Together with its educational platform, the stock exchange and now, CMC Binance will create something like a starter package for every beginner investor in the BTC market. You Should Know more about cryptocurrencies-in-market  for maximum benefits. 

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Bitcoin – the accepted currency of the general public or an ingenious financial pyramid?

Bitcoin, while still quite a niche, seems to be the most popular alternative currency. It is honored by some websites and online stores, it can be exchanged in online exchange offices, and recently it has its first para bank institution. In addition to high hopes, however, it raises considerable controversy – is the financial pyramid not growing on the wave of interest in this currency?

A currency that does not exist

How subsequent bitcoins appear and join the pool that is already in circulation. From the user, who needs a convenient means of payment, this is as irrelevant as the technical description of the process by which the banknotes are made with Kazimierz Wielki. So let’s deal with what is essential from the user’s point of view. Where to get bitcoins, what you can use them for and why this currency can – though it does not have to – operate on a similar principle to the financial pyramid? 21 million bitcoins in circulation

The algorithm responsible for generating bitcoins has been designed in such a way that their number does not exceed 21 million. Considering the payment needs of the whole world, this may seem far from sufficient, but since bitcoin is divisible to eight decimal places, in practice, there should be no problem with a lack of currency.

Importantly, the number of bitcoins that go into circulation decreases over time – the graph of adding new units to the pool is as follows: But where do you get bitcoins from?  What, however, raises the most prominent emotions and rather unfounded – at the current stage of currency development – hopes is the possibility of creating new bitcoins, called mining or digging.

Early Birds – Benefits of Bitcoin

That’s because they have taken the risk and spent time and resources on an unfinished technology that hasn’t been used by anyone yet and is challenging to secure. Many of the early adopters did not make a big profit by repeatedly using a large amount of bitcoin before purchasing the value of bitcoin or purchasing a small amount of bitcoin.