A Proposed New Framework For The Bitcoin Price

This is an opinion editorial by Vishvas Garg, a Ph.D. in pharmacoeconomics, epidemiology, pharmaceutical policy and outcomes research from the University of New Mexico.

Compared to the total world population of over 7.7 billion people, bitcoin is owned in less than 150 million wallets today. While this does not mean one wallet translates to one person, it is safe to assume that the vast majority of the world population still doesn’t own any bitcoin at this time.

Block and Wakefield Research conducted a survey of 14 countries and reported that education is the key to bitcoin adoption. People with higher levels of knowledge about Bitcoin were found to be more optimistic about its future. Furthermore, lack of knowledge was found to be the top reason for people not buying the asset.

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