Crypto user numbers have doubled in 2018, even as prices tumbled

There are more verified cryptocurrency investors than ever…

Just because the back end of the year has been, er, on the ‘testing’ side for the cryptocurrency industry, it doesn’t mean that it’s been a twelve months without merit.

Indeed, a new study has concluded that more people than ever have been drawn to the cryptocurrency industry in 2018, with the highest ever number of verified users it’s ever had.

These conclusions have come via the Cambridge Centre for Alternative Finance, that’s concluded that between January and the end of September 2018, the number of verified (by ID) cryptocurrency users had sprung up from 18 million to 35 million. A near doubling, according to our ever-trust mathematics.

Separately, the number of individual accounts also broke the 100 million mark for the first time, sitting just under 150 million at the time of the numbers being computed.

Granted, quite a lot of these new faces may have been attracted by where cryptocurrency prices were at the start of the year rather than at the end of it (Bitcoin has lost, in the past year, some 80% of its value, after all). That notwithstanding, the numbers provide solace for those wondering when a cryptocurrency price recovery is actually going to happen. With a growing number of people having skin in the game, it does mean that predictions of complete doom and gloom for crypto are mitigated slightly, and with a groundswell of millions of users, a turnaround is likely at some point in the future.

When? Good question. But at least there are more people than ever waiting for an answer to it.

The full study can be found here.

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