Crypto “Died” Again.

So Why Are 741 Million People Still Using It?

Every few months, a friend calls me and declares crypto “dead.” Usually, after prices drop, headlines turn sour, or some loudmouth personality starts shitting on Bitcoin. But if you look at what matters — adoption, utility, and conviction — crypto is anything but dying. It’s quietly becoming normal.

Adoption hasn’t stopped — it’s compounding

Crypto.com estimates global crypto ownership rose to about 741 million people in 2025, up from 659 million the year before. Bitcoin ownership alone sits at roughly 365 million: the user base keeps expanding. On-chain, Bitcoin addresses with nonzero balances are in the tens of millions. That’s not what a “dead” system looks like.

Stablecoins are having the WhatsApp moment for money

Chris Dixon recently described stablecoins as the “WhatsApp moment” for money — it used to cost my mum hundreds of pounds to talk to her mum in Ghana, and it currently takes a long time and costs a lot of money to move money around the world: stablecoins moved over $12 trillion last year. Moving money across borders is still expensive and slow, with multiple middlemen(Banks, Visa, Mastercard…) taking a cut. Stablecoins are proving there’s a cheaper, faster and fairer way — and adoption tends to follow cost and convenience.

Bitcoin doesn’t go to zero when people won’t stop buying it

The “it could go to zero” argument treats Bitcoin like a stock that can simply be abandoned. But Bitcoin isn’t just a ticker symbol. It’s a tool — a permissionless, globally transferable value you can custody yourself.

And then there’s something even simpler: belief with a bid.

I would keep buying Bitcoin if it fell to $1. Not because I’m blind to risk, but because I value what it represents. And I’m far from alone. When millions treat something as long-term savings technology, you don’t get zero. You get volatility. You get cycles. You get headlines declaring death every few years.

And underneath all of it, you get growth.

So yes — I’m buying.

Not because it’s guaranteed. Not because it can’t fall further. But because adoption continues to rise, infrastructure keeps improving, and the long-term thesis hasn’t changed.

This isn’t investment advice. It’s simply how I’m positioning myself.

Crypto isn’t dead. It’s maturing.