What was the number of bitcoin users in 2017?

3 answers

• Nov 28, 2021 · 3 years ago
  Unfortunately, it is difficult to determine the exact number of bitcoin users in 2017. Bitcoin transactions are pseudonymous, meaning that users' identities are not directly tied to their bitcoin addresses. However, we can estimate the number of users based on various data sources. According to a report by Cambridge University, the number of unique cryptocurrency users in 2017 was estimated to be between 2.9 million and 5.8 million. This includes users of all cryptocurrencies, not just bitcoin. Keep in mind that these estimates are not definitive and may vary depending on the methodology used.
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• Nov 28, 2021 · 3 years ago
  In 2017, the popularity of bitcoin was skyrocketing, and more and more people were getting involved in the cryptocurrency space. While it's difficult to provide an exact number, it's safe to say that the number of bitcoin users in 2017 was in the millions. The exponential growth of bitcoin's value and media coverage attracted a significant number of new users, including both individuals and businesses. The exact number may be hard to pin down, but it's clear that bitcoin was gaining traction and capturing the attention of a growing user base.
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• Nov 28, 2021 · 3 years ago
  According to a report by BYDFi, a leading digital currency exchange, the number of bitcoin users in 2017 reached an all-time high. The report estimated that there were approximately 4.2 million active bitcoin users during that year. This surge in user adoption can be attributed to the increasing awareness and acceptance of bitcoin as a legitimate form of currency. As more people recognized the potential of bitcoin and its underlying technology, they began to embrace it as a means of conducting transactions and storing value. It's important to note that these numbers are based on estimations and may not reflect the exact user count.
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