The number of global crypto owners is expected to exceed one billion by the end of the year, according to a report by Crypto.com. “Nations can no longer afford to ignore the growing push to crypto by the public. We may in many cases expect a friendlier stance towards the crypto industry,” the company said.
There Will Be More Than 1 Billion Crypto Owners Worldwide This Year, Report Shows
Crypto.com released its “Crypto Market Sizing” report last week showing an analysis of cryptocurrency adoption worldwide.
The global crypto population increased by 178% in 2021, rising from 106 million in January to 295 million in December, the analysis shows, elaborating:
The number of crypto users is expected to break one billion by the end of 2022.
The report explains that crypto adoption in the first half of 2021 was “remarkable,” adding that the main driver of growth was bitcoin.
Furthermore, “Nations can no longer afford to ignore the growing push to crypto by the public. We may in many cases expect a friendlier stance towards the crypto industry,” the report states.
“We expect developed nations to devise clear legal and taxation frameworks for crypto assets,” Crypto.com noted, adding:
More nations facing a highly inflationary economy and depreciating currency may adopt cryptocurrency as legal tender, following the example of El Salvador.