Report: Bitcoin vs the $156 Trillion Global Payments Industry

- "Worldwide adult ownership of financial accounts has risen from 51% in 2011 to 76% in 2021 according to The Global Findex Database 2021, and an estimated 10% of the global population does not have a government-issued ID to open an account."

- "There is roughly 2.34 million bitcoin stored on 20 major exchanges as of June 2023." 500k is held on Coinbase, and 630k BTC is held on Binance.

- "An estimated 70% of users hold bitcoin on exchanges and 80% in mobile or desktop wallets, so there is a significant overlap between the 32.9 million active entities and exchange users."

- "89% of consumers do not engage in payments and hold their bitcoin to make a profit. U.S. consumers are discouraged from spending bitcoin through taxation rules that turn transactions into taxable events."

- "El Salvador’s central bank reported that from January to May 2022, Chivo Wallet processed $52 million in remittances or 1.6% of its total estimated volume of $3.175 billion. This number is relatively high, given how new Bitcoin is to many people."