{"id":1594425,"date":"2022-07-26T10:30:36","date_gmt":"2022-07-26T14:30:36","guid":{"rendered":"https:\/\/wordpress-1016567-4521551.cloudwaysapps.com\/?post_type=station&p=1594425"},"modified":"2022-07-26T11:55:18","modified_gmt":"2022-07-26T15:55:18","slug":"number-of-crypto-users-set-to-hit-1000000000-according-to-new-study-heres-when","status":"publish","type":"station","link":"https:\/\/platodata.io\/plato-data\/number-of-crypto-users-set-to-hit-1000000000-according-to-new-study-heres-when\/","title":{"rendered":"Number of Crypto Users Set To Hit 1,000,000,000, According to New Study \u2013 Here\u2019s When"},"content":{"rendered":"

A new study is shedding light on the future growth potential of the cryptocurrency and digital assets space.<\/p>\n

According to a joint report compiled by Boston Consulting Group (BCG), blockchain investment firm Foresight Ventures and crypto trading platform Bitget, data suggests that the industry will surpass a billion users by the end of this decade.<\/p>\n

\u201cCrypto adoption is rising among both retail and institutions. However, adoption is still low compared to traditional investment assets such as equities, payment technologies and private equity allocation by institutions\u2026 <\/em><\/p>\n

If the trendline of crypto adoption continues, the total number of crypto users is likely to reach one billion by 2030.\u201d<\/em><\/p>\n

\"\"
Source: BCG\/Foresight Ventures\/Bitget<\/figcaption><\/figure>\n

The report next highlights which types of institutions have been willing to take on crypto exposure in their portfolios.<\/p>\n

\u201cAmong institutional investors, hedge funds and venture capital firms are most willing to invest\u2026 [having] almost doubled their exposure\u2026 from the fourth quarter of 2020 to the end of 2021.\u201d<\/em><\/p>\n

The study notes that some mainstream corporations such as Tesla are buying digital assets as an investment, while traditional payment processors like MasterCard and PayPal are offering cryptocurrency as a method at checkout for their customers. Financial technology firm Square falls into both categories.<\/p>\n

Also joining in are banks and to a lesser degree pension funds, with the study concluding,<\/p>\n

\u201cOne reason for rising institutional interest is that cryptocurrencies such as Bitcoin can be a useful hedge against inflation and offer a low correlation with other asset classes.<\/em><\/p>\n

In addition, performance over recent years has exceeded that of other assets classes.\u201d<\/em><\/p>\n

\"\"<\/p>\n

Source: BCG\/Foresight Ventures\/BitgetThe report sums up the state of the industry by saying,<\/p>\n

\u201cDespite the recent crypto market slowdown, we believe that the crypto economy is here to stay.\u201d<\/em><\/p>\n

The full report is available to read here<\/a>.<\/p>\n

Don’t Miss a Beat \u2013 Subscribe<\/a> to get crypto email alerts delivered directly to your inbox <\/span><\/em>
\n
Check Price Action<\/a><\/span><\/em>
\n
Follow us on Twitter<\/a>, Facebook<\/a> and Telegram<\/a><\/span><\/em>
\n
Surf The Daily Hodl Mix<\/a><\/span><\/em>
\n<\/p>\n

\n
Check Latest News Headlines<\/span><\/a><\/div>\n

&nbsp<\/p>\n

\"image\"<\/div>\n
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n

Featured Image: Shutterstock\/Mila Che\/Nikelser Kate<\/em><\/span><\/p>\n","protected":false},"author":1,"featured_media":1594427,"template":"","meta":{"_eb_attr":"","type":"","auto_type":false,"post":"","stream":"","stream_url":"","waveform_data":[],"duration":0,"start":0,"end":0,"bpm":0,"downloadable":false,"download_url":"","purchase_title":"","purchase_url":"","post-count-all":0,"like_count":0,"download_count":0,"editor_note":"","copyright":"","captions":[],"sources":[]},"genre":[41],"station_tag":[3634,8191,3884,14560,6428,19801,3685,3888,14557,4150,5130,14559,5019,3767,4158,4302,3837,3646,19802,4089,4479,14576,7457,14558,8453,12764,9642,14556,8593,14575,15092,7894,14555],"artist":[6202],"mood":[],"activity":[],"_links":{"self":[{"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/station\/1594425"}],"collection":[{"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/station"}],"about":[{"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/types\/station"}],"author":[{"embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/users\/1"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/media\/1594427"}],"wp:attachment":[{"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/media?parent=1594425"}],"wp:term":[{"taxonomy":"genre","embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/genre?post=1594425"},{"taxonomy":"station_tag","embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/station_tag?post=1594425"},{"taxonomy":"artist","embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/artist?post=1594425"},{"taxonomy":"mood","embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/mood?post=1594425"},{"taxonomy":"activity","embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/activity?post=1594425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}