3 Mind-boggling stats about the Bitcoin industry 📊
& where it's heading 🔮
Bitcoiners,
The Bitcoin industry is on fire.
Some stats that will blow your mind:
600+ profitable Bitcoin companies are building products and services for Bitcoin exclusively.
200+ Bitcoin-only companies registered on job boards to hire bitcoiners.
400+ Bitcoin-only startups currently fundraising and launching products and services.
But it’s not until you break each of these down that you realize how quickly the Bitcoin industry is really growing:
1. 600+ Profitable Bitcoin Companies
This is an impressive stat at face value. But what’s 10x more impressive is that these 600+ companies are predominantly based in the United States and Europe. There's many more in the rest of the world that are unaccounted for. In 2018, the majority of profitable Bitcoin companies mostly comprised of exchanges, now there are many more types of companies with unique products and services.
Just to put things in perspective.
2. 200+ Bitcoin-only companies hiring
The concept of a Bitcoin-only company is still very new. It was only in the last few years that companies ditched all other alternative cryptocurrencies (eg Ethereum) to focus solely on Bitcoin. Bitcoin is large enough now that it can support Bitcoin-only companies both employing and hiring Bitcoin-only workers.
I’m betting this trend will continue as Bitcoin grows larger in market capitalization.
3. 400+ Bitcoin-only startups
The Bitcoin 2022 Conference hosted over 400+ Bitcoin startups (800+ applicants) as part of their pitch day event. The Bitcoin 2023 Conference will see an increasing number of startups even though the overall market is down. Each of these companies are launching products and services related to Bitcoin that will only strengthen the ecosystem. Large VC funds are also investing into these companies which means more overall resources to build successful companies.
This is a signal of where things might be headed.
Final Prediction
My guess is that the Bitcoin is going to eventually overtake the Finance industry the same way Amazon overtook the Retail industry. And at this rate, that will probably happen by 2035.
What do you think? Do you agree? Disagree?
Let me know in the comments.
Happy Wednesday,
-Pod
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Eric Podwojski
Founder, Bitcoin EDU
Twitter: @epodrulz
Disclaimer: This should go without saying: This is not financial advice. This is not investment advice. I write this newsletter for education and entertainment. Act accordingly.
