Many analysts say that there are now 600 million users in the cryptocurrency space, which is saturated, and that there will be no new users joining in the future, so prices will not rise.
Firstly, these 560 million users are based on the number of wallets, and a single cryptocurrency mining studio can have hundreds or thousands of accounts. Therefore, the actual number of users in the cryptocurrency space is estimated to be around 100 million, far from saturation.
Secondly, the current market value of the cryptocurrency space is only 20 trillion, which is less than 1% of the traditional financial sector, indicating that there is huge room for growth in the future.
