1. Spreading Bitcoin by Educating Always More People

Estimating the number of users of the Bitcoin Blockchain is not an easy thing to do. The number of addresses created on the Bitcoin Blockchain is not an accurate estimate of the number of Bitcoin users.

Among the figures we have available is the estimated number of wallets created on the Bitcoin Blockchain.

As of March 6, 2020, we know that there are 46,389,789 users of the Blockchain.com wallet for the Bitcoin network:

Screenshot from author

This number is for one platform only. To this number, we have to add the wallets on Coinbase, Binance, … In total we must be close to 200 million wallets.

However, this figure does not accurately reflect the number of users on the Bitcoin network since users have the option of owning multiple wallets.

In addition, this number of wallets also includes wallets that have not been used for a long time. Their owners could therefore disappear and leave the network.

Actually, some estimates put the number of unique users on the Bitcoin network at 5.9 million.

However, for what follows, this will not make much of a difference. So I will start from the approximate figure of 200 million wallets on the Bitcoin Blockchain.

Currently, the United Nations estimates that there are 7.8 billion people on Earth.

That means that less than 0.60% of the world’s population currently uses Bitcoin.

Even worse, of those 0.60% of the world’s population who use Bitcoin, many don’t realize that Bitcoin’s purpose goes far beyond the financial aspect.

Bitcoin is a revolutionary system that aims above all to allow you to live on your own terms rather than being subjected to a flawed system that doesn’t protect you.

In the years to come, a lot of work will have to be done to spread the good word around Bitcoin to as many people as possible.

The challenge of democratizing Bitcoin will be twofold:

To promote understanding of Bitcoin by showing the general public how it is different from the current monetary and financial, and especially more protective for people. To show that the Bitcoin revolution is multifaceted: technological, industrial, social and ideological.

This work of evangelization will pass through the Bitcoiners who will continue to explain Bitcoin in an educational way to the greatest number of people. This will obviously start with the journalists who will have a role in spreading the right message about Bitcoin.

The production of quality documentaries about Bitcoin will also be important because television helps to spread the message faster.