Crypto to reach 1 billion users in 2030: BCG Report

0
21

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.

459908f8 d077 44a1 adfa 1dfdeee51597
Source: Boston Consulting Group, Bitget and Foresight Ventures

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.

Related: Bitcoin payments make a lot of sense for SMEs, but the risks still remain

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.