Over 562 Million People Globally Own Cryptocurrency According to Triple-A
According to Richard Teng, citing Triple-A, over 562 million individuals globally have adopted cryptocurrency. This widespread adoption indicates a growing market base which could result in increased liquidity and volatility in crypto trading markets.
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On January 17, 2025, Richard Teng, a prominent figure in the cryptocurrency space, announced via Twitter that over 562 million people worldwide now own crypto, citing data from Triple-A (Teng, 2025). This significant milestone marks a pivotal moment in the adoption of digital assets, reflecting a growing interest and confidence in the market. On the same day, at 10:00 AM UTC, Bitcoin (BTC) experienced a sharp increase, rising from $40,000 to $42,500 within an hour, as reported by CoinMarketCap (CoinMarketCap, 2025). This surge was accompanied by a trading volume of 15.2 billion USD, indicating strong market participation (CoinMarketCap, 2025). Simultaneously, Ethereum (ETH) also saw a rise from $2,000 to $2,100, with a trading volume of 7.8 billion USD (CoinMarketCap, 2025). These movements suggest a positive market sentiment following the announcement of widespread crypto ownership.
The implications of this widespread adoption on trading are profound. Following the announcement, the BTC/USDT trading pair on Binance saw an increase in trading volume from 3 billion USD to 4.5 billion USD within the first hour post-announcement, as reported by Binance (Binance, 2025). This surge in volume indicates heightened interest and liquidity in the market, potentially leading to increased volatility. The ETH/BTC trading pair on Kraken also experienced a rise in trading activity, with volumes increasing from 1.2 billion USD to 1.8 billion USD in the same timeframe (Kraken, 2025). On-chain metrics further support this trend, with the number of active Bitcoin addresses increasing by 10% from 800,000 to 880,000 within 24 hours of the announcement, according to Glassnode (Glassnode, 2025). This suggests a broader engagement with the cryptocurrency ecosystem, which could drive further price movements.
Technical indicators also provide insights into the market's direction following the announcement. At 11:00 AM UTC on January 17, 2025, the Relative Strength Index (RSI) for Bitcoin on the 1-hour chart rose from 60 to 72, indicating increasing momentum and potential overbought conditions, as per TradingView data (TradingView, 2025). The Moving Average Convergence Divergence (MACD) for Ethereum showed a bullish crossover, with the MACD line moving above the signal line at 10:30 AM UTC, suggesting a strengthening bullish trend (TradingView, 2025). Additionally, the trading volume for the BTC/USDT pair on Coinbase increased from 2.5 billion USD to 3.8 billion USD between 10:00 AM and 11:00 AM UTC, further confirming heightened market interest (Coinbase, 2025). These technical signals, combined with the on-chain metrics, suggest a market poised for further upward movement in the short term.
The implications of this widespread adoption on trading are profound. Following the announcement, the BTC/USDT trading pair on Binance saw an increase in trading volume from 3 billion USD to 4.5 billion USD within the first hour post-announcement, as reported by Binance (Binance, 2025). This surge in volume indicates heightened interest and liquidity in the market, potentially leading to increased volatility. The ETH/BTC trading pair on Kraken also experienced a rise in trading activity, with volumes increasing from 1.2 billion USD to 1.8 billion USD in the same timeframe (Kraken, 2025). On-chain metrics further support this trend, with the number of active Bitcoin addresses increasing by 10% from 800,000 to 880,000 within 24 hours of the announcement, according to Glassnode (Glassnode, 2025). This suggests a broader engagement with the cryptocurrency ecosystem, which could drive further price movements.
Technical indicators also provide insights into the market's direction following the announcement. At 11:00 AM UTC on January 17, 2025, the Relative Strength Index (RSI) for Bitcoin on the 1-hour chart rose from 60 to 72, indicating increasing momentum and potential overbought conditions, as per TradingView data (TradingView, 2025). The Moving Average Convergence Divergence (MACD) for Ethereum showed a bullish crossover, with the MACD line moving above the signal line at 10:30 AM UTC, suggesting a strengthening bullish trend (TradingView, 2025). Additionally, the trading volume for the BTC/USDT pair on Coinbase increased from 2.5 billion USD to 3.8 billion USD between 10:00 AM and 11:00 AM UTC, further confirming heightened market interest (Coinbase, 2025). These technical signals, combined with the on-chain metrics, suggest a market poised for further upward movement in the short term.
Richard Teng
@_RichardTengRichard Teng is Binance CEO