- The number of global cryptocurrency users exceeded the 500 million mark by the end of 2023.
- Bitcoin maximalist Lauro Pal believes the number of users could reach 1 billion by 2025.
After an astounding 60% rise in Q1 2024; Bitcoin [BTC] There was a slight setback early in Q2. It fell more than 5%, falling from $71,000 to $64,500 before regaining $66,000.
Amid the drawdown, Bitcoin maximalist Lauro Pal said: I remembered His followers on X (formerly Twitter) predict that cryptocurrency adoption could reach 1 billion users by 2025.
“On a day like today, remember that cryptocurrencies are still being adopted twice as fast as the internet and should reach around 1 billion users by the end of 2025.”
Source: X/Lauro Pal
Current cryptocurrency adoption rate
2023 report Crypto.com exchange showed that global cryptocurrency users have crossed the 500 million mark, reaching 580 million by December 2023.
“Global crypto holders will increase by 34% in 2023, from 432 million in January to 580 million in December.”
During the same period, Ethereum [ETH] Ownership jumped from 89 million to 124 million. The report cites liquid staking for growth. On a global scale, ETH holders accounted for 21% of users.
Meanwhile, BTC holders increased from 222 million to 296 million, accounting for 51% of global users. This growth was related to Spot BTC ETF and Bitcoin Ordinal.
However, as per data According to the digital currency payments platform Triple-A, there were approximately 420 million cryptocurrency users in 2023, more than half of whom (268 million) were from Asia.
However, Chainaloss Global Crypto Adoption Index report It pointed out that in 2023, most cryptocurrency adoption will occur in low- and middle-income (LMI) countries in Asia and Africa.
LMI makes up approximately 40% of the world's population, and Chainalysis emphasizes this.
“If LMI countries are the future, data shows that cryptocurrencies are a big part of that future.”
However, if the number of cryptocurrency users explodes to 1 billion by 2025, it could be a big deal for digital assets.
