According to predictions by famous analyst Willy Woo, Bitcoin is expected to reach 1 billion users in the next three years. This prediction is based on the similarity of the development of the Bitcoin user network to the growth of the internet in the 1990s.
Willy Woo is a well-known pioneer of on-chain analysis and is a Bitcoin evangelist. His Twitter profile is tracked by 1 million followers, who receive regular updates on the Bitcoin network, cryptocurrencies and the widespread adoption of blockchain technology.
In Wednesday’s tweet, he again addressed the latter topic and made a new attempt to estimate the rate of future growth of BTC adoption. His calculations are an extrapolation of several figures:
- - For the first six months, the number of users reached 1,000
- - After five years there were 1 million
- - Currently, 13.8 years after inception, the Bitcoin network has more than 300 million users
The latter figure represents 4% of the world’s population. According to Woo, if this pace of growth is maintained, the number of users will reach 1 billion within the next three years. This will represent 12% of the global population.