Bitcoin Adoption: Blockchain Inc. Wallets Grow by 48 Percent Since 2018, 34 Million Now in Operation

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Over 34 million Blockchain, Inc. wallets are functional as of March 2019, showing a 48 percent increase since 2018 and a staggering 1 million percent increase since 2012. Wallets for bitcoin have grown in tandem with its price, reaching 500 percent growth between the years 2014 to 2016 and over 280 percent between 2016 to 2018. Blockchain, Inc. is a London-based software development company that offers tools for developers and real-time transaction data for users to analyze the burgeoning digital economy. Blockchain, Inc. also offers one of the most popular cryptocurrency wallets supporting Bitcoin, Bitcoin Cash, and Ethereum. Source: Blockchain, Inc. wallet growth is a good indicator for bitcoin adoption, demonstrating that the cryptocurrency is being increasingly used for a multitude of reasons since inception, ranging from money transfer to purchase of assets to crypto-trading. Reasons Behind Wallet Growth Sources suggest public curiosity and the absence of banking in…

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