Bitcoin Adoption Is Now Bigger Than Gold, S&P 500 Globally, Says This Crypto Analyst — Here's Which Count

Cryptocurrency analyst Willy Woo highlighted on Monday that Bitcoin (CRYPTO: BTC) has higher global adoption than the S&P500 and gold.

Bitcoin’s Growing Adoption

Woo stated in an X post that roughly 5% of the world population owns Bitcoin, comparable to 4% for the S&P 500 and approximately 4.5% for gold.

Woo said they used “credible” surveys of Bitcoin adoption, such as Glassnode’s on-chain data and Crypto.com reports, and fitted them into an S-curve adoption model.

The analyst said that at the current levels, Bitcoin is “no more than a financial asset,” while arguing that if it reaches 50% adoption, that’d mean “separation of money and state.”

People in the replies weren’t buying it, though. They pointed out that way more folks have exposure to stocks than to Bitcoin.

“The trick is to understand 4-5% of the world use SPX+Gold as an investment, while BTC is also used to solve a monetary problem – especially where capital controls or hyperinflation exists,” Woo said.

Which Country is Leading BTC Adoption?

Woo also posted a table ranking countries by BTC ownership rates and implied owner numbers, with estimated worldwide adoption at 4.5%-6% or roughly 370-500 million people.

With 68 million holders, India led the world in absolute Bitcoin ownership, even though this represented only 4.6% of the population.