1 Billion People Will Use Cryptocurrencies By 2030
Data from a collaborative report by BCG, Bitget, and Foresight Ventures reveals that cryptocurrency adoption is still quite low when compared to traditional investment assets. Only 0.3% of individual wealth, according to BCG, is invested in cryptocurrencies.
According to the report, it cannot be compared to the 25% invested in stocks. The findings led the analysis to the conclusion that there is still a ton of opportunity for the cryptocurrency business to develop and become more widely adopted due to the shallow investment penetration.
In addition, the report compared the adoption curve of the internet to 1 billion users, present cryptocurrencies owners, and Ethereum (ETH) addresses with positive balances. The paper added that “there is plenty of growth to come”.
People outside of the crypto sector frequently feel that it is too late to start investing in cryptocurrencies after observing the price of Bitcoin (BTC). According to a survey, the industry is still in the early stages of the adoption curve, nevertheless.
By comparing their data, the researchers were able to estimate that, if the trendline stays on track, there may be 1 billion cryptocurrency users by 2030.
According to a recent market estimate by consulting company Verified Market Research, the nonfungible token (NFT) market might grow to $231 billion in ten years. The analysis predicts that the industry will continue to grow at a 33.7% annual compound pace in the years to come, with drivers identified as music, film and sports.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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