1 Billion Crypto Users in Less Than 10 Years, Research Says

Boston Consulting Group (BCG), Bitget and Foresight Ventures conducted a joint study that revealed that digital asset adoption still has its infancy. The entities stated that if the current trend continues, cryptocurrency users will reach one billion by 2030.

Adoption is gaining popularity

The research shows that crypto adoption is still very basic, with only 0.3% of total wealth distributed to this asset class. 25 percent of the total wealth of individuals are allocated to equity, such as shares in private companies.

North Americans are more inclined to invest large amounts in digital assets than Africans. A single African investor holds $190 worth crypto.

BSG, Bitget and Foresight Ventures anticipate a new wave to enter the digital asset universe over the next few years, despite the low adoption rate. The entities compared the development of the crypto asset class to that of the Internet in the 1990s and calculated that the number will likely reach one billion by 2030.

Professional traders find the digital asset market more appealing than other types of traders. It has been estimated that retail investors have invested around $300 million, or 4%, of their wealth. Institutional investors have allocated 2%.

Hedge funds and venture capital firms are the most likely to invest among institutional investors. From the fourth quarter 2020 through the end 2021, these players have nearly doubled their exposure to $70 million. According to the study, we expect allocations will continue to rise.”

Further research revealed that MicroStrategy and Tesla are among the largest corporations to own cryptocurrency. It’s worth noting, however, that Tesla sold 75% its bitcoin stash to the company recently for more than $930 million.

Coinbase CEO with the Same Forecast

Brian Armstrong, the Chief Executive Officer and co-founder of Coinbase, predicted in May that there would be a one billionth of all cryptocurrency users worldwide. The exec believes that this milestone will be reached in the next 20-years, contrary to the study.

Armstrong’s prediction is logical since crypto adoption has been rising recently, particularly during the bull market last year. The number of people involved in the crypto market has more than doubled during the first six months 2021 to reach over 220 million.

According to different sources, more than 300 million people are currently cryptocurrency users.

Read More

2021's Most Anticipated Growth & Wealth-Building Opportunity

Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together

Marla Brooks

Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

2021's Most Anticipated Growth & Wealth-Building Opportunity

Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together

Close Bitnami banner
Bitnami