Bitcoin Gains 2,500% Since Binance Launch as Global Crypto Ownership Crosses 741 Million

Bitcoin has gained nearly 2,500 percent since Binance launched in July 2017, when it was trading around $2,500. Nine years later, global crypto ownership has crossed 741 million people, with Binance serving over 300 million registered users. The growth reflects sustained accumulation through market downturns, according to analyst Ali Martinez.

Bitcoin Wallets Holding One BTC or More Increased by 0.4 Percent Since June

Martinez flagged this week that the number of wallets holding one Bitcoin or more has increased by nearly 0.4 percent since June. That represents more than 4,000 new Bitcoin holders joining the network at a price most retail investors would describe as a painful drawdown. Bitcoin is sitting near $63,000, roughly 50 percent below its all-time high of $126,000, and the Fear and Greed Index is deep in extreme fear territory.

Bitcoin Accumulation Occurs During Sharpest Price Declines

Bitcoin's sharpest accumulation periods have historically come during its worst price stretches. The people adding whole Bitcoin to their wallets right now are making a deliberate decision to hold a scarce asset at a discount to its recent peak. From 6 million crypto holders to 741 million in nine years, through crashes, regulatory crackdowns, exchange collapses, and bear markets, the number that keeps moving is not the price but the headcount.

FAQ

What was Bitcoin's price when Binance launched in July 2017?

Bitcoin was trading somewhere around $2,500 when Binance launched in July 2017.

How many people own cryptocurrency now compared to when Binance launched?

When Binance launched in July 2017, fewer than 6 million people owned any form of cryptocurrency. Nine years later, global crypto ownership has crossed 741 million people.