Which part do you think is absurd? It looks like they used the 10,000 number from the NBER paper as the numerator and the crypto.com estimate of 114M people with Bitcoin as the denominator to come up with the 0.01% figure [1].
Do you find it hard to believe that ~100M people hold Bitcoin? This seems at least in the right ballpark when you cross-reference it with survey data [2].
Do you find it hard to believe that ~100M people hold Bitcoin? This seems at least in the right ballpark when you cross-reference it with survey data [2].
[1] https://www.wsj.com/articles/bitcoins-one-percent-controls-l...
[2] https://www.pewresearch.org/fact-tank/2021/11/11/16-of-ameri...