In a joint report published from BCG, Bitget and Foresight Ventures, data shows that compared to traditional investment assets, crypto adoption is still very low. According to BCG, only 0.3% of individual wealth is invested in crypto.
The report shows that it is incomparable to the 25% that is put into stocks. Based on the data, the report concluded that the shallow penetration in terms of investment means that there is still a lot of room for greater growth and adoption within the crypto industry.
In addition to this, the report also compared the adoption curve of the internet to 1 billion users to current cryptocurrencies, and Ethereum (ETH) addresses with non-zero balances. With this, the report mentioned that “there is a lot of growth to come.”
It is a very common feeling for people outside the crypto community to look at Bitcoin (BTC) prices and make a conclusion that it is too late to get into crypto. However, a report shows that the industry is still in the early stages of the adoption curve.
By comparing the data they have, the researchers were able to predict that by 2030, crypto users may reach 1 billion if the trend continues on its course.
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A recent market report from consulting firm Verified Market Research predicted that in ten years, the value of the non-fungible token (NFT) industry may shoot up to $231 billion. According to the report, the sector can sustain an annual compound growth rate of 33.7% in the coming years, with drivers identified as music, film and sports.
On the other hand, a Mckinsey report reported that the metaverse alone could be valued at $5 trillion in 2030. The international consulting company surveyed consumers and companies across various countries and industries to identify a pattern in consumer behavior. According to its findings, e-commerce will drive the flow of money within the Metaverse, reaching $2.6 trillion in revenue by 2030.