“The crypto.com in its report said that the total crypto owners at a global level are increasing at a rapid pace and it is predicted that this number will cross the 1 Billion mark by the end of 2022. The institutional acceptance and Governmental regulations will push the rise in the positive direction.”
The year 2021 has been the year of crypto as it added almost triple the amount of crypto owners from 106 million in January to 295 Million in December. This 178% increase in the crypto owners is the clear indication of the global acceptance of the crypto industry and its going mainstream. In 2021 the main driver of growth was Bitcoin, but 2022 will encounter the growth potential of NFTs and the Metaverse to break the 1 Billion crypto owner mark by the end of the year.
Nations around the world can no longer ignore the trust being put by investors in the blockchain technology and the cryptocurrencies. Crypto.com believes that many nations will accept Bitcoin as a legal tender this year following the footsteps of El Salvador and its President Nayib Bukele. Also, many institutions along with MicroStrategy and Tesla will put Bitcoin and other cryptocurrencies on their balance sheet this year pumping the mass adoption. Also, the entry of Meta, Microsoft and others in the Metaverse domain will fuel the widespread use of blockchain and cryptocurrency industry creating an exponential growth in the crypto owners as these platforms already have billions of customers.
Even in the worst case scenarios this 1 Billion crypto owners mark seems feasible as a lot has been happening in the technological improvements in the crypto sphere and the blockchain technology is getting ready for more and more real world use cases.
Disclaimer: The article should not be considered as any financial advice. It is advisable to conduct thorough research before investing.
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