There will be 1 billion crypto users by 2030 - research

[Ambire]

One billion people is a lot of users, especially when it comes to digital assets and cryptocurrencies. That's why the Boston Consulting Group (BCG), Bitget, and Foresight Ventures conducted a study to research the current status of cryptocurrency adoption. They discovered that while crypto adoption is still in its early days, the trend is pointing toward one billion users by 2030.

According to the research, currently, only 0.3% of the total individual wealth is distributed in the form of digital assets.

In comparison, 25% of people’s funds are allocated to equities such as shares of private companies. This stat highlights how undervalued cryptocurrencies still are. With more awareness and education, we believe that the number of cryptocurrency users will only continue to grow in the coming years.

If the current trend of cryptocurrency adoption continues, it is not unreasonable to think that the number of users will indeed reach one billion in the next 10 to 20 years. After all, the total number of users has more than doubled in the first six months of 2021 alone. This is a testament to the growing popularity of cryptocurrencies and the increasing awareness of their potential.

There are many factors that will contribute to the growth of the cryptocurrency user base in the coming years. For one, more and more businesses are beginning to accept cryptocurrencies as a form of payment. This is making it easier for people to use cryptocurrencies in their everyday lives. In addition, as awareness of cryptocurrencies increases, more people are likely to invest in them.

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[348Judah]

One billion people is a lot of users, especially when it comes to digital assets and cryptocurrencies.

Don't you think it will be better to be specific about which crypto is aimed at the specified rate, of course this is bitcoin discussion thread and i believe you should have directed yours to bitcoin instead of including the general name crypto that comprises of all manners of shitcoins in which we are less concerned about, the widely adoption of bitcoin to that extent is a thing worth considerable with your post than using crypto.

[stompix]

Pushing the numbers to 2030? 

Crypto.com was saying that we would be reaching 1 billion by the end of this year back in January:
Staying cool: Is crypto snowballing to 1 billion users this year?

Also, this:

According to this if we look at world numbers we would already have 500 million users only in the 18-64 group.

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Another thing..
Stop spamming your website and link to the original source where you've copied the text from otherwise you're going to get banned for plagiarism and word spinning:

https://cryptopotato.com/1-billion-crypto-users-in-less-than-10-years-research-says/

A joint study conducted by Boston Consulting Group (BCG), Bitget, and Foresight Ventures revealed that digital asset adoption is still in its early days. If the trend continues, the total number of cryptocurrency users should tap one billion by 2030, the entities asserted

According to the research, crypto adoption is still at its basic point as only 0.3% of the total individual wealth is distributed in the asset class. In comparison, 25% of people’s funds are allocated to equities such as shares of private companies.

[Rruchi man]

They discovered that while crypto adoption is still in its early days, the trend is pointing toward one billion users by 2030.

It may exceed the number projected IMO considering that this was projected based on current situations. It says it gets better which i agree and gives a good figure to estimate it, but by my own predictions are that before 2030 a lot of events must have occurred that will promote massive adoptions and change in policy for countries that have strict regulations against it. We see some currently unexpected happenings that are in favour of crypto, some are;
China Pushes to Quell Protests Over Billion-Dollar Banking Scandal  
Cryptocurrencies are gaining ground across Africa.
Philippine central bank governor says no plan to ban crypto

[amishmanish]

Humans are skeptical to anything that comes their way, no matter what technology has always evolved so will crypto. The future of finance is crypto and as people will realize its benefits more will adopt it. The naysayers will themselves start accepting the crypto in time to come, and they will be the ones who will laugh on themselves.
I think latest evolution of proof of stake has further strengthened crypto and now it will become a parallel decentralized banking system in time to come.

[DaveF]

This and other amounts of users have been discussed a few times here:
https://bitcointalk.org/index.php?topic=5402157.0
https://bitcointalk.org/index.php?topic=5402093.0

In 10 years who knows, and the other side of the discussion is what is a crypto user?
If you have crypto in your IRA / 401k / whatever are you a user?
If you buy low and sell high but the crypto never leaves the exchange since you are pure trader are you a user?

Until a standard definition of what a user is, the number is somewhat meaningless.

-Dave

[davis196]

Sorry to say that, but don't you think that BCG, Bitget and Foresight Ventures might be a little bit biased?
Those companies are related to crypto, so they would want crypto to explode in terms of mass adoption.
It's like a tobacco company conducting a research about the growth of the number of smokers and coming up with pretty optimistic numbers.
Many "researchers" were predicting mass crypto adoption years ago and it didn't happen. What's the guarantee that this prediction will happen?
Can you provide proof about "more and more businesses adopting crypto payments everyday"? This seems like a bold statement.
By the way, are you constantly trying to promote the link at the bottom of your forum thread? I see this URL for the second time and I'm not going to click on it. It seems suspicious.

[danherbias07]

And here I am thinking we already reached that billion mark.
How do they trace this number? Where do they get accurate data? I doubt it's a survey.
If it's wallet creation then there may be billions already. How about the altcoins? Metamask is sometimes shared by a family and it's two-way now with Ethereum chain and BNB chain on one wallet with just editing the configuration.
Me and my wife is using the same Metamask, her NFT games (BNB chain), and mine for Ethereum transactions.

[hugeblack]

If the current trend of cryptocurrency adoption continues, it is not unreasonable to think that the number of users will indeed reach one billion in the next 10 to 20 years. After all, the total number of users has more than doubled in the first six months of 2021 alone. This is a testament to the growing popularity of cryptocurrencies and the increasing awareness of their potential.

I think the title is misleading and this quote is the real one as in 10 to 20 years we could be around a billion users.
Generally, such predictions need a legal framework, so without a clear legal framework, it is not possible to exceed 100 million, and with the regulatory framework, the number could be greater.

Thus, we depend on two random variables, which makes prediction more complicated.

[yhiaali3]

A billion users of cryptocurrencies, this is a very large number in a short period, I expect that we can reach this number before 2030, there are many good news in Crypto that cause more people to be attracted to cryptocurrencies such as the adoption of large institutions and some countries for Bitcoin in addition To global payment companies such as PayPal and others, all of this contributes to increasing the spread of Bitcoin around the world.
Although I don't trust the studies related to cryptocurrency much because most of the users maintain their privacy by using many different means. Of course, it is possible to take an approximate percentage, but it is difficult to obtain an accurate number.

[Smack That Ace]

Pushing the numbers to 2030?  

Crypto.com was saying that we would be reaching 1 billion by the end of this year back in January:
Staying cool: Is crypto snowballing to 1 billion users this year?

Also, this:

According to this if we look at world numbers we would already have 500 million users only in the 18-64 group.

If this prediction comes true, then the development of cryptocurrencies is faster than we can imagine. According to the report, the number of Internet users is only 5 billion people worldwide. If I compare growth, I can say crypto is too fast.
If cryptocurrency is publicly supported by the government then the number of users could soon equal the number of internet users.

https://financesonline.com/number-of-internet-users/#:~:text=There%20are%20currently%20about%204.66,90%25%20as%20of%20January%202021.

[CryptSafe]

One billion people is a lot of users, especially when it comes to digital assets and cryptocurrencies. That's why the Boston Consulting Group (BCG), Bitget, and Foresight Ventures conducted a study to research the current status of cryptocurrency adoption. They discovered that while crypto adoption is still in its early days, the trend is pointing toward one billion users by 2030.

According to the research, currently, only 0.3% of the total individual wealth is distributed in the form of digital assets.

In comparison, 25% of people’s funds are allocated to equities such as shares of private companies. This stat highlights how undervalued cryptocurrencies still are. With more awareness and education, we believe that the number of cryptocurrency users will only continue to grow in the coming years.

If the current trend of cryptocurrency adoption continues, it is not unreasonable to think that the number of users will indeed reach one billion in the next 10 to 20 years. After all, the total number of users has more than doubled in the first six months of 2021 alone. This is a testament to the growing popularity of cryptocurrencies and the increasing awareness of their potential.

There are many factors that will contribute to the growth of the cryptocurrency user base in the coming years. For one, more and more businesses are beginning to accept cryptocurrencies as a form of payment. This is making it easier for people to use cryptocurrencies in their everyday lives. In addition, as awareness of cryptocurrencies increases, more people are likely to invest in them.

Check out our newsletter at https://ambire-newsletter.beehiiv.com/

OP didn't really specify particularly rather mentioning Crypto alone wasn't clear but it would have been better OP mentioned Bitcoin to be elaborate. Now looking at the rate of adoption, it can be said that gradually, Crypto and Bitcoin to be precise is gaining adoption globally. People are beginning to by the idea of Crypto. My opinion I that why there is delay in the Crypto adoption is the fact that most nations are anti Bitcoin so therefore most individuals see it as a big risk getting involved in it and if been caught up by their government, they would be made to face the law while some are skeptical of the Bitcoin development and still speculating around and waiting for the time of their assumption to be properly met so as to adopt it. But in all, it strongly believe with the gradual unfolding events going on within and around the blockchain, 2 billion Crypto holders would be achieved before 2030.

[Leviathan.007]

I'm not sure how they determined and calculate the number of 1 billion cryptocurrency users by 2030 because there can be many factors to check about the increasing number of cryptocurrency users like the regulation of bitcoin because surly if the governments decide to suspend bitcoin and cryptocurrencies in their countries there will be fewer users trying to use bitcoin and cryptocurrency because we all know they will show less interest if they see some problem from the government side, but generally, I think by 2030 and considering the speed on spreading bitcoin and cryptocurrencies in the world will see much more investors and users but I can say any number.

[ultrloa]

I'm not sure how they determined and calculate the number of 1 billion cryptocurrency users by 2030 because there can be many factors to check about the increasing number of cryptocurrency users like the regulation of bitcoin because surly if the governments decide to suspend bitcoin and cryptocurrencies in their countries there will be fewer users trying to use bitcoin and cryptocurrency because we all know they will show less interest if they see some problem from the government side, but generally, I think by 2030 and considering the speed on spreading bitcoin and cryptocurrencies in the world will see much more investors and users but I can say any number.

I guess they just multiply the total upcoming population of people in that year that's why they get that possible numbers, but it doesn't mean that we believe that since there are so many thing that might happen and we need to prepare if government will ban it or totally regulate the cryptocurrency industry.

 But looking at what's happening on crypto this past years for sure we can see some great adoption came at that year.

[glendall]

The population on this earth is very large and as we know crypto is increasingly known at this time I believe it has almost reached 1 billion crypto wallet users, not the use of crypto itself, because as we know using crypto as payment has not been recommended by the government because as we know I know it takes a lot of processing, so to reach 1 billion crypto usage for payments I don't think 2030 will come before bitcoin / crypto itself is legalized

[mindrust]

By "users" they probably mean anybody that interacted with anything crypto related. I don't think they mean 1 billion "active users".

No blockchain is capable of handling that kind of load yet. Maybe there will be 1 billion exchange accounts but most of them be inactive.

It don't look like a realistic prediction to me. This may change if the devs can improve the capabilities of a blockchain. Maybe a miracle will happen.

[poldanmig]

One billion people is a lot of users, especially when it comes to digital assets and cryptocurrencies. That's why the Boston Consulting Group (BCG), Bitget, and Foresight Ventures conducted a study to research the current status of cryptocurrency adoption. They discovered that while crypto adoption is still in its early days, the trend is pointing toward one billion users by 2030.

According to the research, currently, only 0.3% of the total individual wealth is distributed in the form of digital assets.

In comparison, 25% of people’s funds are allocated to equities such as shares of private companies. This stat highlights how undervalued cryptocurrencies still are. With more awareness and education, we believe that the number of cryptocurrency users will only continue to grow in the coming years.

If the current trend of cryptocurrency adoption continues, it is not unreasonable to think that the number of users will indeed reach one billion in the next 10 to 20 years. After all, the total number of users has more than doubled in the first six months of 2021 alone. This is a testament to the growing popularity of cryptocurrencies and the increasing awareness of their potential.

There are many factors that will contribute to the growth of the cryptocurrency user base in the coming years. For one, more and more businesses are beginning to accept cryptocurrencies as a form of payment. This is making it easier for people to use cryptocurrencies in their everyday lives. In addition, as awareness of cryptocurrencies increases, more people are likely to invest in them.

Check out our newsletter at https://ambire-newsletter.beehiiv.com/

a survey in 2021 said that currently there are as many as 300 million crypto users worldwide and India is the country in the world that has the most users of around 100 million users, this shows that crypto development is getting bigger than the previous year which was only around 200 million. users, the development of an increasingly modern era of course encourages many people to use many alternatives including finance and I think in the end when the world is more advanced then blockchain technology and crypto will be one solution.

[hZti]

I don't really trust these numbers, since especially with bitcoin it is (by default) not possible to count the users since you can generate infinite amounts of addresses. Also there are really strange places where suddenly there is a large adoption in a short time, like some areas in 3rd world countries.

[kryptqnick]

I think it's still possible for the crypto adoption to properly kick in and for a billion of users to be reached. I'd say that less than 8 years isn't enough for that, though, and current world conditions aren't very favourable for larger development of technologies because the economy isn't doing well. 10 to 20 years- yes, sure. 7.5 years - highly unlikely. And then there's the concern others pointed out, regarding the way the number of users is counted (including the number of current users).

[wallet4bitcoin]

Anyone can create unlimited number of wallet. But I don’t think about it. And I don’t think there will need 2030 to fill 1 billion crypto users, just a personal opinion. I think we can celebrate 1 billion users within 2,3 years. Day by day increasing uses of crypto and also increasing a huge number of crypto users.