The cryptocurrency ecosystem has grown steadily since the start of Bitcoin in 2009, although it is still in its infancy. According to a recent analysis published by the Boston Consulting Group (BCG). By 2030, the cryptocurrency landscape could exceed one billion users.
The crash of recent months does not change the course of the cryptocurrency adoption curve in the world; it is an international phenomenon that affects all regions of the world, however We see the Asian continent and South America at the top of the adoption rankings.
According to research by the Global Consumer Survey, 42% of Nigerians surveyed online said they owned or used cryptocurrencies this year. the highest rate among the 56 countries covered by the study. The second and third highest levels of cryptocurrency use in the ranking were recorded in Thailand and the Philippines, each representing around 30% of respondents.
Despite the recent hacks aimed at some platforms (bridges in particular), the environment is maturing with an increase in the share of institutional money on total investments. Recall that crypto funds targeting institutional investors attracted record amounts in 2021. According to data from CoinShares released on January 4, 2022, inflows of investments in cryptocurrency investment products reached $ 9.3 billion in 2021 , compared to $ 6.8 billion in 2020.
Similarities between the current growth potential of Web3 and the state of the Internet in the late 1990s?
So, for BCG analysts, there is a strong similarity between the advent and democratization of the internet and what is currently happening with the cryptocurrency world, which continues to move along the adoption curve. This claim is related to Wells Fargo, an American financial group headquartered in San Francisco, which said in a note to its clients:
“If you use the number of cryptocurrency holders as a proxy for Web 3 users and compare it to the Internet user adoption rate in the 1990s, the message is clear: there’s still a lot of growth ahead.”
By total cost; Cryptocurrencies are valued at only 0.3% of the wealth of investors around the world. Furthermore, the environment constitutes 1 to 2% of an investment fund and offers exceptional potential in terms of personal penetration.
The acceptance level mentioned above is not the same all over the world and will continue to evolve in this way. While the Asian continent, South America and some African countries lead the ranking by per capita use in terms of the value of the investment portfolio. No wonder North America tops the charts with an average cryptocurrency value per investor of $ 18,000.
At the time of writing, on July 29, just over 300 million people can claim ownership of cryptocurrencies, which is about 4% of the world’s population.
Risk of loss of capital.