9 fast facts about crypto

Just a few years ago, facts about crypto were a bit thin on the ground. Partly because not as many people were talking about it back then and partly because a young industry simply had fewer accomplishments under its belt. But today, the water cooler conversation around what crypto has accomplished and where it’s going is getting more mind blowing by the day. Here are 9 quick facts about crypto that will blow your socks off.

1. Whoa—crypto billionaires!

It’s hard to know exactly how many people have become crypto billionaires from crypto, but we do know that there are 25 individual Bitcoin addresses holding more than $1 billion, and Forbes listed 12 billionaires by name in its Annual World’s Billionaires List.

2. Bitcoin has a higher market cap than…

At more than $800 billion, Bitcoin has a higher market capitalization than Walmart, Disney, and McDonalds combined!

3. Adoption is outpacing the internet

Today, more than half of the population has access to the internet. Analysts are saying crypto’s adoption curve is mirroring the internet—and even surpassing it—projecting that Bitcoin will reach 1 billion users in half the time that the internet did.

4. 91 countries researching fiat crypto

Almost half of all countries in the world are researching or developing a central bank digital currency (CBDC). Nine have launched their own cryptocurrencies and El Salvador was the first to adopt Bitcoin as legal tender.

5. Yields in crypto are bonkers

Everyone is after yields, trying to increase or even maintain their money’s value. In DeFi, cutting out middlemen increases yields. It’s common to get 5-15% yields in DeFi without trading. Compare that to 0.5% in a traditional high yield savings account.

6. Bitcoin halving should drive up price

In case you didn’t know, the Bitcoin reward for miners is cut in half after every 210,000 blocks are mined—usually about every four years. Reducing the reward is called a Bitcoin Halving. The enforced scarcity of Bitcoins should, in theory, always keep the price going up rather than down in the long term. 

7. Bitcoin all-time-high: $69k

The last all-time-high for Bitcoin hit in November of 2021 at…wait for it…$69,000. The memers were happy and if the decade trend continues, we haven’t seen the last of crypto billionaires.

8. The metaverse is no joke

Mark Zuckerberg isn’t the only person onto, or profiting from, the metaverse. A single plot of land in the metaverse recently sold for $2.43 million.

9. NFT billionaires are already a thing

The buzz about NFTs only started last year but it went hot and fast. The founders of the biggest NFT marketplace are already crypto billionaires! 

Future facts about crypto?

Crypto started out as one little digital currency called Bitcoin; there were no NFTs and no metaverse. Today, it’s the cutting edge of gaming, fintech, social, data management technologies and more. Not even two decades in, it’s revolutionizing the world. These facts about crypto are just the tip of the iceberg. Who knows what’s to come this year!