After years of speculation and accusations, the controversial claimant to the Satoshi Nakamoto throne finally acknowledges that Bitcoin was a group effort. Read more…
Back in December 2017 Bitcoin fever was at its peak. Everyone was talking about cryptocurrencies, telling you to buy, sell or hold, and new cryptos were coming out every week. While things have calmed down since then, there’s still a lot of buzz around cryptocurrencies, but what do we really know about them? We explored the latest statistics to see who is jumping on the cryptocurrency bandwagon.
- 97.15% of Brits haven’t bought cryptocurrency.
- 31.09% of Brits aren’t buying crypto because they believe its too high of a risk.
- Of the 2.85% of Brits who have bought cryptocurrency, 78.95% have bought Bitcoin.
- There’s a post every 3 seconds on social media about Bitcoin alone.
- Bitcoin’s price rose over 2,000% from January 2017 to December 2017, from $953 to $20,089.
Who is buying cryptocurrency?
Finder conducted a survey of 2,000 Brits to find out who is buying cryptocurrency. 2.85% of Brits are buying cryptocurrencies in the UK, this amounts to over 1.1 million people who have invested – but who are they and what are they buying?
- 4.68% of millennials have invested.
- 2.77% of Gen X have bought into crypto.
- While just 1.58% of baby boomers have jumped onto the crypto bandwagon.
- Men are more likely to have bought crypto than women, sitting at 3.66% compared to 2.06% for women.
- Of those who have holdings in cryptocurrency, 78.95% have bought bitcoin.
For more insights see the full results of the survey.
Market capitalisation is effectively a way of measuring the relative size of a cryptocurrency, it is calculated by multiplying the price of a coin and its circulating supply. So what are the top 10 cryptocurrencies?
Since March the top 10 has been shaken up, with EOS overtaking Litecoin to become the 5th biggest cryptocurrency by market capitlisation. Whilst TRON has also overtaken NEO, knocking it off the top 10 spot.
|Rank||Name||Market Cap ($)|
Market capitalisation data accurate as of 14/05/18 from coinmarketcap.com
For more stats on Bitcoin see our guide to Bitcoin statistics.
The biggest rise and falls in cryptocurrency
If there is one thing cryptocurrencies are notorious for, it’s unpredictable price fluctuations. But what have been the biggest rises and falls in the crypto world?
Who is winning from the rise of cryptocurrency?
It is no secret that there is money to be made from cryptocurrency, but with such unpredictable price fluctuations, it’s a risky game. We explored Forbes’ latest rich list to find out who the biggest players in the game are.
- To make the list, you need to have made $350 million from cyptocurrency.
- Chris Larsen, the co-founder of ripple, tops the list with an estimated crypto net worth of $7.5 – $8 billion.
- The average age on the crypto rich list is 42 – compared to 67 on the traditional Forbes’ rich list.
The richest people in cryptocurrency
Mainly populated by Cofounders and CEOs, the Forbes cryptocurrency rich list details those who have made their millions from crypto. Explore the table below to see who made the list.
|Name||Age||Estimated Crypto Net Worth||How they made their money|
|Chris Larsen||57||$7.5 billion – $8 billion||Cofounder, Ripple|
|Joseph Lubin||53||$1 billion – $5 billion||Cofounder, Ethereum. Founder, Consensys|
|Changpeng Zhao||41||$1.1 billion – $2 billion||CEO, Binance|
|Cameron & Tyler Winklevoss||36||$900 million – $1.1 billion||Cofoudners, Winklevoss Capital|
|Matthew Mellon||54||$900 million – $1 billion||Individual Investor|
|Brian Armstrong||35||$900 million – $1 billion||CEO, Coinbase|
|Matthew Roszak||45||$900 million – $1 billion||Cofounder, Bloq. Founder, Tally Capital|
|Anthony Di Iorio||43||$750 million – $1 billion||Cofounder, Ethereum. Founder, Jaxx and Decentral|
|Brock Pierce||37||$700 million – $1 billion||Chairman, Bitcoin Foundation. Advisor, Block.one|
|Michael Novogratz||53||$700 million – $1 billion||CEO, Galaxy Digital|
|Brendan Blumer||31||$600 million – $700 million||CEO, Block.one|
|Dan Larimer||35||$600 million – $700 million||Chief Technology Officer, Block.one|
|Valery Vavilov||38||$500 million – $700 million||CEO, Bitfury|
|Charles Hoskinson||30||$500 million – $600 million||Cofounder, Ethereum, IOHK|
|Brad Garlinghouse||47||$400 million – $500 million||CEO, Ripple|
|Barry Silbert||41||$400 million – $500 million||CEO, Digital Currency Group|
|Vitalik Buterin||24||$400 million – $500 million||Creator of Ethereum|
|Tim Draper||59||$350 million – $500 million||Founder, Draper Associates|
|Song Chi-Hyung||38||$350 million – $500 million||CEO, Dunamu. Founder, Upbit|
Who are the biggest losers from cryptocurrency?
The value of cryptocurrency, much like any investment, can go up as well as down. We explored who the biggest losers from cryptocurrency are, whether these are from big scams or massive missed opportunities, who has lost the most?
- Rapper 50 Cent (Curtis Jackson) accepted Bitcoin payments for his album back in 2014, recently claiming that he has forgotten about them and they were now worth millions. However, his record label had actually converted the currency into US dollars immediately, meaning the rapper missed out on the potential meteoric rise of Bitcoin in late 2017.
- Apple co-founder, Steve Wozniak recently announced he had been scammed out of 7 bitcoin – worth over $70,000 at its peak.
- Lily Allen turned down an online-concert for “several hundred thousand bitcoin” back in 2009. If the offer was just for 100,000 Bitcoin, that would be worth an astounding £621,340,000 (May 2018).
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Latest cryptocurrency headlines
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Revolut, the UK-based challenger bank, is launching a new card aimed at wealthier millennials who do a lot of business travelling and want to take advantage of a whole host of attractive benefits. Read more…
Wall Street investment giant Goldman Sachs is actively considering offering custodial services to cryptocurrency funds. Read more…
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