Looking for Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued
More importantly, Woo emphasized that through a steady growth rate and periodic peaks which usually depend on the price trend of Bitcoin, the Bitcoin network will continue to demonstrate a consistent increase in user base in the long run.
“What we have here is a steady exponential growth baseline with periodic peaks. These peaks are are inline with price bubbles where more users start checking the price of their precious coins. Taking readings from the baseline results in an order of magnitude growth every 3.375 years. Or expressed in terms of time to double the user base it’s approximately 12 months,” wrote Woo, in an analytical blog post entitled “Bitcoin users double every 12 months.”
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