If you turn a blind eye to the difficulties of the past few weeks, there’s no doubt that cryptocurrency has had an impressive 12 months. That’s a big “if”, of course—crypto is currently facing its biggest test yet—but the overarching trend is a push towards the mainstream.
Crypto’s most vocal advocates believe there’s plenty more to come, too. In fact, some think there could be as many as 1 billion cryptocurrency investors by the end of the year. For perspective, that’s about 12% of the global population.
Basing its forecasts on growth rates from the previous year, Crypto.com, one of the world’s leading cryptocurrency exchanges, believes that adoption rates can and will reach those heights.
In the platform’s annual Market Sizing Report, Crypto.com points to the embrace of crypto by big-name institutions like Tesla and Mastercard as well the adoption of Bitcoin as legal tender in El Salvador.
Following a 178% rise in the global crypto population in 2021, the exchange now expects membership to surpass 1 billion before the year is out.
That seems like a big ask, but crypto’s certainly no stranger to surprises.