Despite Bear Market, Data Shows Strengthening Bitcoin Conviction and Accelerating Crypto Adoption
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Bitcoin's 2022 bear market differed in having 60% more accumulation addresses (bought twice, never sold) compared to a 20% drop in 2018. Indicates stronger conviction.
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Crypto daily active users grew from 200,000 in 2019 to expected 5 million in 2023 - 123% compound annual growth rate.
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Jamie Coutts predicts nearly 400 million crypto daily active users by 2030, accelerated by AI adoption.
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In 2022 bear market, Bitcoin fell to $38,825, up 2.8% in 24 hours. Down from over $60,000 highs.
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Coutts believes several factors driving re-acceleration of blockchain adoption as technology embeds into digital era.