A meme began making its way around crypto Twitter earlier this month, pointing out that Bitcoin now has the number of active users that the Internet had in 1997. But the reality is even more interesting:
Bitcoin most likely has far more users today than the Internet had the year Amazon debuted on Wall Street. That means Bitcoin investors may be running out of time to capitalize on stellar market returns driven by growth in user adoption.
Our Sources: 70M Internet Users 1997 | 435M BTC Users 2024
#Bitcoin has the same number of users as the Internet had in 1997.
We are just getting started. pic.twitter.com/ppX1Vc9kZy
— Vivek (@Vivek4real_) March 23, 2024
The economics of this trade are fascinating and promising to investors who note that even if a billion or five billion more people adopted Bitcoin, there will still never be more than 21 million BTC in existence held on the original Satoshi blockchain.
That may have something to do with the remarkable rise in the digital asset’s ma
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