Bitcoin user numbers and investment are set to double every 12 months, commentator Willy Woo has forecast.
Citing data from Google, the increasingly controversial Woo calculates that Bitcoin doubles its users every 371 days.
Woo writes on his Woobull blog:
“What we have here is a steady exponential growth baseline with periodic peaks. These peaks 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.”
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