According to a report by Crypto.com, it is possible that the number of cryptocurrency users will skyrocket by the end of 2022. Concretely, the report indicates that this number could reach one billion. At the same time, many countries could adopt bitcoin (BTC).
“We are on the verge of reaching one billion users”
A new report published by Crypto.com announces that the number of cryptocurrency users by the end of 2022 will increase considerably. This is a beacon of hope for bitcoin (BTC) users.
The report also stated that several nations will copy the example of El Salvador and adopt a position friendlier to the cryptocurrency industry. The report points out that countries “can no longer afford to ignore their population’s growing push towards cryptocurrency.”
In 2021, the total number of cryptocurrency users increased by 178%. Indeed, it went from 106 million people in January to 295 million in December. At the same time, several companies have joined the class of bitcoin (BTC) advocates. Example: Tesla and Mastercard. Thanks to these companies, the number of users of BTC has exceeded that of ethereum (ETH).
With the number of cryptocurrency users tripling in 2021, Crypto.com estimates that “if we extrapolate a similar rate of increase in 2022, we are on track to achieve 1 billion cryptocurrency users at the end of 2022”.
Many countries could adopt bitcoin (BTC)
For the number of BTC users to actually grow to one billion, there are still conditions to be met. For example, the number of countries that integrate BTC into their economic system should increase. Furthermore, it should be the regulation of the cryptocurrency sector is clearly definedwhich is still far from being the case.
According to a recent report by Fidelity, there are chances that several countries are entering the electronic money sector. On the other hand, with regard to the regulation of the sector, it could be that it is tightened a little more because of the number of criminal acts that are committed by certain people.
Cryptocurrency is a breath of fresh air for the economic sector of several countries. Given this situation, according to many reports, there may be thousands of people joining the domain. Concretely, they indicate that there could be one billion BTC users by the end of 2022. But for that, several states still need to accept BTC.
Source: COINTELEGRAPH
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Luc Jose Adjinacou
Far from having dampened my enthusiasm, an unsuccessful investment in 2017 on a few cryptos only increased my enthusiasm. I therefore resolved to study and understand the blockchain and its many uses and to relay with my pen information relating to this ecosystem.
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