Tuesday, May 24

They estimate that 1 in 8 people will have cryptocurrencies in 2022

With these good closing numbers in 2021, a similar rate of increase is expected for 2022 and thus reach the goal of 1 billion holders by the end of the year. Taking into account that, according to World Meters, there are 7.9 billion people in the world, it can be calculated that, by the end of the year, 1 in 8 inhabitants of the earth will have a cryptocurrency. This, if Crypto.com’s predictions are correct.

The report also revealed that the number of bitcoin holders grew by 37.5% in 2021, to a total of 176 million using the first cryptocurrency for various things, either as a medium of exchange or a long-term investment asset. For Crypto.com, the rapid adoption was related to two reasons: first, fueled by The B World bitcoiner event, and second, Paypal announcements.

Then came some restrictions in September and the approval of the first bitcoin exchange-traded fund (ETF) in the United States. All these milestones, which helped the adoption of BTC.

In the case of Ether (ETH), the second largest cryptocurrency by market capitalization, adoption reached 23 million users, a stable measure. The increase in ETH holders was 64% in the first half of the year, and only 1.4% in the second half.

For Crypto.com, this adoption behavior could have been related to the multiple blockchains compatible with the Ethereum Virtual Machine (EVM), one of the fundamental pieces for the operation of the Ethereum blockchain. Layer two network solutions and the connection of other new blockchain assets also played a role.

Due to the exponential growth that has been registered, Crypto.com indicates that countries can no longer continue to ignore the new economy and the impact of the Bitcoin ecosystem on the inhabitants. In the document, the exchange house, which a few days ago suffered a massive hack of almost 5,000 ethers, highlights that they expect “a friendlier stance towards the cryptocurrency industry” this year.

Finally, Crypto.com stated that by 2022, developed countries will be able to create legal and fiscal frameworks for cryptocurrencies. They also estimate that more nations facing economic crises will adopt bitcoin as legal tender, “following the example of El Salvador.”