Binance CEO Claims Total Number of Bitcoin Users Will Soon Outweigh Global Internet Users


According to an all-new tweet released by Binance CEO Changpeng Zhao earlier today, the crypto savant believes that the coming few years will see the number of cryptocurrency users (across the globe) eclipse the number of people making use of the internet.

Let’s Look At CZs Predictions A Little More Closely

As things stand, research studies suggest that just under 60% of the world’s total population has access to the internet. To be even more specific, out of the 4.4 billion people that do have streamlined access to the ‘world wide web’, a majority of them come from China, India, and the United States.

However, in the same breath, it is quite difficult to estimate the number of people who currently make use of cryptocurrencies. However, a recent statistical study suggests that as of 2019, there exist a total of 139 million people who have invested their money in some digital currency or the other — this number represents a 7X increase over a 24 month period.

With that being said, in order for the crypto market to match up with CZs outlandish prediction, the overall market adoption of crypto will have to increase by more than 3,000%.

More On The Matter

When looking at CZs statements a little more closely, we can see that he seems to be alluding to the use of cryptocurrencies beyond their current realm of operation.

For those of our readers who might not be aware, crypto firm Blockstream currently makes use of a number of satellites in order to

“beam the bitcoin blockchain to remote locations around the world”.

In regards to the matter, a spokesperson for the firm then went on to add:

“Blockstream Satellite is the world’s first service that broadcasts real-time Bitcoin transactions and blocks from a group of satellites in space. With the service, everyone will have free access to the Bitcoin network, in any corner of the world, including the estimated four billion people not currently connected to the Internet, due to lack of availability or affordability.”

Lastly, we can see that a number of developing countries are beginning to accept crypto payments for everyday services such as utility bill payments, etc. This, according to many experts, will help spur the adoption of alt-assets in a big way across the globe.

Final Take

In closing out this piece, it should be noted that Changpeng’s latest prediction comes at a time when his firm’s native token offering “the Binance Coin (BNB)” has surged by a whopping 258 percent (since the start of 2019). It now remains to be seen how the future of the alt-asset market plays out from here on end.

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