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Predictions on Crypto Adoption Reaching One Billion Users

Apr 29, 2024

Analyst Willy Woo predicts that the cryptocurrency sector could see one billion users by 2025. He shared data from an independent study on X, indicating that 65% of these users could be Bitcoin owners.

Investor Daniel Batten praised Woo's model for mapping current crypto users and projecting the first billion adopters. The chart defines users as individuals who have undergone KYC verification and previous blockchain transactions, marking a significant milestone in mainstream adoption.

A report from Crypto com in 2023 showed a 34% increase in cryptocurrency owners, with Bitcoin users comprising 51% of the total. Factors such as Bitcoin ETF developments led to user growth, albeit a 72% increase is needed to reach one billion users.

Boston Consulting Group, Bitget, and Foresight Ventures predicted hitting one billion crypto users by 2030. The low current adoption rate suggests significant potential for growth, with only 0.3% of individual wealth invested in cryptocurrencies compared to 25% in global stocks.

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