The BCG report predicts mass adoption of cryptocurrencies by 2030

According to a study by the Boston Consulting Group, the number of cryptocurrency holders could reach one billion in 2030.

Cryptocurrency adoption is still in its infancy, says a report from consulting firm Boston Consulting Group (BCG), Bitget and Foresight Ventures. To date, only 0.3% of “individual wealth” is currently invested in cryptocurrencies, compared with 25% in stocks. “Relatively low penetration indicates there is room for growth,” consider the study authors.

They are betting that the cryptocurrency industry is here to stay, “despite” the recent cryptocurrency crash. What are the factors that would lead to such an increase? On the one hand, the report establishes a parallel between the Internet adoption curve and that of the Web 3.

Towards one billion users by 2030

“By using the number of cryptocurrency holders as a proxy for Web 3 users and comparing it to the Internet user adoption rate in the 1990s, the message is clear: there is a lot of growth coming,” the report emphasizes.

The report estimates that by 2030 there could be a billion cryptocurrency users if web curve 3 follows the same trajectory as the internet adoption curve.

To date, 4% of the world’s population owns cryptocurrencies, which is around 300 million people. Recall that in France 8% of French have invested in cryptocurrencies in 2021 and 30% plan to invest in these assets next year, according to a study by the association for the development of digital assets (Adan).

Adoption factors

This adoption will be made both by individuals, but also by institutional investors. “While individual investors remain the largest holders of cryptocurrencies, institutional interest is growing,” the report said.

In fact, within a few years, more and more international banks, investment funds, companies (Tesla, Microstrategy …) or even States (El Salvador, Central African Republic) have decided to bet on this ecosystem. According to the report, investment funds even doubled their exposure to cryptocurrencies between 2020 and 2021, to $ 70 billion.

Furthermore, the cryptocurrency ecosystem is evolving very rapidly, attracting more individuals and investors based on their centers of interest. In fact, the 20 largest cryptocurrencies in terms of capitalization (with bitcoin and ether at the top of the ranking) now allow access to more than 10,000 applications (NFT, gaming, decentralized finance (DeFi)), compared to only 800 in 2017.

Despite these beautiful predictions, the adoption of cryptocurrencies is not so uniform: Americans remain the largest holders of cryptocurrencies, with an average portfolio of $ 18,000 while Africa is the continent where people invest the least in cryptocurrencies, with a portfolio. average of $ 190 for those who keep them.

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