The number of crypto users to reach 1 billion by 2030
A recent study conducted by Boston Consulting Group, Foresight Ventures and Bitget showed that the number of crypto users could reach 1 billion by 2030.
At the moment, data shows that crypto adoption is quite low. Private investors invested in cryptocurrencies only about 0.3% of their wealth. At the same time, about 25% of the wealth was invested in equities.
The amounts of such investments vary considerably in different countries. For example, in North America, the average investment in crypto is $18 000, and in Africa is only $190.
The crypto market is still at its early stage of development. The total number of crypto users is about 4% of the world’s population. And only about 2% of institutional investors own digital assets. Despite the high capitalization, people are still afraid to invest in digital currencies.
However, the researchers believe that the small size of crypto investments means that this industry still has opportunities for further growth. Comparing the pace of crypto popularization with the pace of the development of the Internet, analysts have predicted that by 2030 the number of crypto users will reach 1 billion if the current trend continues. The launch of Web3 technology can also give an impetus to a more active use of crypto.
Despite the recent crypto market crash, significant investors still believe in digital currencies and continue to invest in this industry. The CEOs of some crypto exchanges and companies believe that crypto winter can be used to strengthen positions in the market.
Recently, the consulting firm Verified Market Research published a report in which it predicted that the value of the NFT market could shoot up to $231 billion in 10 years.