Commenting on an X post about the high speed of Crypto adoption, CEO Brian Armstrong, CEO of the coinbase, stated that several billion people would use bitcoins by 2030.
Armstrong was commenting on a post that shares the recent Blackrock study data. It states that Crypto hit 300 million users in just 12 years. It is reportedly, it is 43% faster than adopting mobile phones and is 20% faster than adopting the Internet.
Replying this post, Armstrong said that this estimate depends on the early day of adopting the Internet or mobile phone, but he agrees to the overall direction of Blackrock conclusions. The CEO of the Coinbase concluded that by 2030, many billion people would use bitcoins.
Blackrock study
according to a Blackrock study Continued in January 2025, Bitcoin experienced a rapid adoption, which quickly attracts the attention of both individual and institutional investors. The study emphasizes the increasing relevance of bitcoin when the general public loses confidence in traditional financial institutions. More than that, the study underlines the global tendency with the aim of making digital funds easier for the public.
The study shows that it took 21 years for the mobile phone to reach the mark of 300 million users. The count begins in 1972, when the first cellular mobile phone was used. The official year of internet manufacturing, starting in the 15 years starting from 1983, reached the same amount of users by internet.
At the top of the question of the dates selected as the initial dates for internet and mobile phone adoption by Brian Armstrong, some people question the functioning used to count the number of bitcoin users.
The study does not reveal the source of the number of bitcoin users and what are the criteria for anyone to fit the ‘bitcoin user’ definition.
further studies
According to the channel’s article, in December 2018, 460 million bitcoin addresses, only 172 million addresses Economic relevance was, The article stated that 25 million addresses were associated with private holders, while the rest were addresses, dark web marketplaces and other platforms. This data refers to the time when bitcoin was ten years old.
The number of addresses does not represent the actual number of bitcoin users or owners, as a person may have potential infinite amounts. In contrast, the addresses used on exchanges can be used simultaneously by many people.
Beto conclusion show It is only 106 million people as Bitcoin as 2025. It is unclear that Blackrock considers pre-owners as bitcoin users. According to the study, bitcoin is used by only 500k people a day. For comparison, visa Procedures More than 700 million transactions daily.
Although the bitcoin network makes significantly less transactions than traditional payment operators, it improves both visa and master cards in terms of alleged daily value of transactions operated transactions. Bitcoin sends approximately $ 46.4 billion per day, while the visa operates about $ 38.9 billion per day, and the mastercard transports about $ 24.7 billion each day.
Does Armstrong’s prediction look realistic?
In the context of adoption, it is very difficult to compare bitcoin to the cell phone, given that the phone is becoming increasingly cheaper while bitcoin is becoming more expensive. Modern -time services are designed for smartphone owners, while bitcoin enthusiasts have to look for opportunities to buy, store or spend despite obstacles.
Large scale, these differences can be attributed to the fact that bitcoin is much smaller than the first commercially available cell phone. Collide In 1984. More than that, cellphones were never considered ‘crime telephone’ or anything like that, while bitcoin is still seen as a tool for drug money or money laundering and corruption by some people. Bitcoin is a difficult war from many governments, but it is not something that has passed through mobile phones.
It took about 30 years for the cell phone to become universal. By 2014, the number of active cell phones had reached around 7 billion. By 2005, when mobile phones were in the market for 21 years, more than 60% of adults in the US were owned by them. In 2030, Bitcoin will be 21 years old, and does not seem that it would be widespread as a cell phone in 2005.
It makes great efforts to use as mobile phones to make bitcoins simple and safe from regulators and businesses around the world to use billions of people. Al Salvador took a bold step by making Bitcoin a legal tender. Nevertheless, it retreated after three and a half years of use with data, showing that most of the residents did not try to use bitcoin despite the fact that it was legal and encouraged by the government.
This lesson suggests that despite bitcoin, the crypto looks easy and rich for the industry professionals, for the public, using bitcoin is still a challenge. Given how much bitcoin is on governments and corporations, adoption may soon see the vertical growth, however, the existing challenges cannot be ignored.
