The purpose of this article is to analyze the level of Bitcoin adoption in early 2023, after a year of turmoil during which Bitcoin’s price reached its lowest levels in two years.
In order to analyze the current level of Bitcoin adoption, we will consider the six metrics listed below:
users of major exchanges
users of major wallets
businesses that accept Bitcoin
hash rates
daily transactions
global crypto adoption index
Finally, we will look at the main opportunities that could positively impact Bitcoin adoption during 2023 and the years to come.
Users of major exchanges
In this chapter, we will analyze the growth of the user base of major crypto exchanges during 2022. This metric is important for assessing Bitcoin adoption levels since, for most users, the first step in entering the cryptocurrency world is to purchase an initial amount on an online exchange platform.
Major exchanges internationally have just released their year-end reports, which include updated information on the
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