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Crypto users doubled by 200 million in the past four months

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Shivangi Mujumdar Follow

INDIA

Jul, 30 2021

Jul, 30 2021

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The sudden spike in the prices of Bitcoin has thrilled the crypto market globally. The crypto population doubled from 100 million to 200 million within four months. The news related to crypto on 29th July brought the crypto user in limelight. At the end of June, it had reached 221 million crypto users.


The price of Bitcoin in January and February was 100 million. At the end of June, it reached 200 million. The first half of 2021 nationwide is quite encouraging in the field of crypto. The goal of cryptocurrency in every wallet is fulfilled.


Bitcoin has kept the growth from January to April. Various institutions like visa, MasterCard, Micro Strategy also plan to support crypto.


The green energy used in Bitcoin mining globally has face criticism in the last three months due to environmental impact. In India, there are more than 15 million crypto users.


The adoption of altcoin has drastically increased.  New users are interested in tokens like SHIBA INU, dodge coin. The altcoin concept came after bitcoin. The bitcoin is around 45% from January month. An altcoin is 400% from January month.


Bitcoin and Ethereum’s market share decreased in May. The altcoin has shown up growth of 50% during the first fiscal year.


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Shivangi Mujumdar

CBW - External Analyst

INDIA

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