It’s been revealed that the global crypto adoption just went past 320M users. Check out the latest reports below.
The mass adoption of crypto has been one of the most important goals in the crypto space, and there have been a lot of moves made in this direction.
Crypto mass adoption
There is a new study from a digital asset payments firm that reveals that hundreds of millions of people around the globe are using cryptocurrency.
Singapore-based TripleA said the firm gathered data from more than a dozen reports and surveys to “obtain the most encompassing and accurate set of statistics” for their study.
According to the firm’s research, “global crypto ownership rates stood at an average of 4.2% as of this year, translating to more than 320 million digital asset users worldwide.”
The notes coming from the Daily Hodl note that “Leading the charge of global crypto adoption is the US with 46 million users, followed by India and Pakistan with 27 million and 26 million users, respectively.”
By continent, the study revealed that Asia is ahead of the curve with 130 million crypto users. Africa is sitting on the second spot with 53 million crypto users followed by North America’s 51 million users.
According to the study, the growth of crypto users since 2014 seems to be following the trajectory of internet adoption in the 1990s.
Regarding Bitcoin (BTC), the study highlighted the fact that the value of the leading crypto by market cap grew a staggering 540,000% from 2012 to 2021.
“Bitcoin reached an annual growth rate of 60% in 2021 and the cryptocurrency market is predicted to grow with a compound annual growth rate of 56.4% from 2019 to 2025.”
At the moment of writing this article, BTC is trading in the red, and the king coin is priced at $19,821.
Stay tuned for more news, and make sure to check out the crypto market as well.