Greater than 300 million individuals will use cryptocurrencies in 2024

(MENAFN- Investor Concepts) The crypto winter of 2022 has had a brutal affect on all the market, wiping out a whole lot of billions of {dollars} from the worldwide crypto market capitalization and hurting 1000’s of crypto corporations around the globe. However regardless of the hiccups and setbacks, investor curiosity in cryptocurrencies continued to rise.

In keeping with knowledge offered by, the variety of individuals utilizing cryptocurrency as a way of fee or long-term funding is predicted to rise to over 300 million by 2024.

Greater than 60 million new customers in two years

Between 2017 and 2021, round 200 million individuals around the globe began utilizing cryptocurrency as a way of fee or long-term funding, in keeping with a Statista survey.

The mass adoption of digital belongings continued to develop in 2022, regardless of the large volatility seen within the crypto area. Throughout one of many worst years in cryptocurrency historical past, the variety of cryptocurrency customers elevated 7% year-over-year and reached 257 million worldwide. Though this represents a considerable decline in comparison with development charges seen in earlier years, the worldwide cryptocurrency person base continued to develop.

Statista expects 2023 to see much more vital development, with the variety of customers rising 15% year-over-year to almost 294 million worldwide. In 2024, the annual development price is projected to fall to eight%. Nonetheless, the full variety of cryptocurrency customers will rise to 318 million worldwide, displaying a powerful 60 million enhance in two years.

Statista knowledge additionally reveals that the worldwide cryptocurrency possession price is 3.8% in 2023, up from 3.4% a yr in the past. In 2024, this determine is predicted to develop to 4.1%.

The worth of crypto transactions will enhance by 48% in two years and attain USD 50.8 billion in 2024

The rising variety of cryptocurrency customers continues to drive development in whole transaction worth. In 2022, cryptocurrencies accounted for $34.3 billion in transactions worldwide, a slight enhance from $32.6 billion a yr earlier.

Statista expects the worldwide worth of crypto transactions to rise almost 25% year-over-year to $42.7 billion by 2023. Greater than half of that worth will come from the US, the world’s main crypto market. It’s adopted by India, Japan, and the UK, with $3.3 billion, $1.8 billion, and $1.5 billion in crypto transactions, respectively.

Double-digit development charges will proceed subsequent yr, with whole transaction worth within the crypto area leaping to $50.8 billion and displaying a powerful 48% enhance in two years.

The total story and statistics will be discovered right here:


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