One billion crypto users by 2030 predict 'lots of growth to come'
Categories: Crypto News US
One billion crypto users by 2030 predict 'lots of growth to come'
Only 0.3 percent of US personal wealth is held in crypto, which is significantly less than the 25 percent held in equities. As per the report, this shows that there is still room for substantial crypto adoption and cryptocurrency exchanges will play a significant role in that growth.
One of the main drivers of crypto adoption was institutional companies hoarding massive amounts of crypto assets and offering crypto-related products in mid-2020 and early 2021. Since then, investment banks such as Morgan Stanley and JP Morgan have offered some sort of crypto product to clients. Services, such as exposure to BTC funds and blockchain-based assets.
Latam and APAC offer high market potential
The report also highlights that Latin America and APAC are the two most attractive regions for crypto exchanges to expand, given their high market potential and regulatory laws. Australia ranks fifth in a recently published list of countries with the most crypto-friendly economies, while Germany and the US top the table.Australia ranked in the top five due to the proliferation of ICOs, exchanges and transaction volume, and universities offering crypto and blockchain education courses.