An executive of a popular cryptocurrency exchange believes that the users of Bitcoin will be hitting several billion in five years.
Coinbase CEO Brian Armstrong grounded his claim in a study that revealed that the pace of Bitcoin adoption is far quicker than mobile phone and Internet adoptions.
Billions Of Bitcoin Users
Armstrong confidently said that the current pace of crypto adoption puts Bitcoin on the right track to have billions of traders using it a few years from now.
“Bitcoin adoption should get to several billion people by 2030 at current rates,” Armstrong said in an X post.
The Coinbase boss made the comment after seeing the statistics released by BlackRock, showing how fast the crypto is gaining users as compared to mobile phones and the Internet.
The crypto executive predicted that by 2030, Bitcoin users would have reached billions.
Image: Gemini Imagen
“It really depends what you count as the official start year – for Bitcoin, Internet, and mobile phones – to make this comparison. But regardless, this is directionally correct,” he added.
It really depends what you count as the official start year – for Bitcoin, Internet, and mobile phones – to make this comparison. But regardless, this is directionally correct.
Bitcoin adoption should get to several billion people by 2030 at current rates. https://t.co/JEU8P7YmLP
— Brian Armstrong (@brian_armstrong) February 10, 2025
BlackRock Study
Analysts said that the discussion on BTC users reaching billions stemmed from a BlackRock study.
The research released in January 2025, emphasized the growth of Bitcoin’s relevance, suggesting that the general public is shifting towards the crypto because they have lost their trust in traditional financial institutions.
“Crypto has hit 300M users in just 12 years—43% faster than mobile phones and 20% faster than the internet, per BlackRock,” crypto analyst Mario Nawfal said in a post.
According to BlackRock, the mobile phone took 21 years to reach 300 million users, beginning in 1972, when the world got the first glimpse of the cellular mobile device.
Meanwhile, Internet adoption took 15 years to attain the 300 million users level. The Internet was created in 1983.
BTCUSD trading at $96,957 on the daily chart: TradingView.com
BlackRock revealed that crypto adoption hit 300 million users faster than the internet and mobile phones, which Bitcoin accomplished in 12 years.
“Younger generations, inflation fears, and Trump’s pro-crypto stance are fueling the surge,” Nawfal said.
The study showed that the digital asset quickly attracted many individual and institutional investors pushing its rapid adoption.
The research also noted that on a global scale, the trend leans towards making digital money easier for the masses.
Some Are Still Pessimistic
However, not everyone agrees with the BlackRock study with one crypto trader questioning “what counts as a user in this.”
“I think it might be the number of addresses, but keep in mind that many of these haven’t been touched in years. Also, one person can have more than one address. In fact, because of Bitcoin’s poor privacy, many people create a new address every time they transact,” Victor said in a post.
He argued that Bitcoin might have lower transactions per day. “Bitcoin only has around 350,000 transactions per day. That’s a very low amount, especially considering it’s been around for 15 years. VISA, for comparison, has 660 million transactions per day,” he added.
Featured image from Gemini Imagen, chart from TradingView
