Analysts predict that Crypto users will reach one billion by 2024.
In the year While 2023 puts crypto in a tough spot, analysts remain optimistic that the industry will continue to grow, with some predicting that the number of users will reach one billion by 2024.
Analysts of the crypto exchange Bitfinex in the report In the year In the year In the year As of December 1, global crypto holders reached 575 million – up from 432 million at the beginning of 2023.
Bitfinex analysts said the number “could grow between 850 and 950 million”. The analysts predict that this growth can easily be achieved by 2024 if current market conditions continue.
“Looking forward to 2024 and depending on market conditions, we expect the number of global cryptocurrency holders to increase between 850 and 950 million. […] This forecast highlights the growing global interest and acceptance in cryptocurrencies.
The analysts also emphasized that investment activities are growing in the space. If the Spot Bitcoin (BTC) Exchange Traded Fund (ETF) is approved, the market may exceed expectations based on the charts.
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On December 20, Grayscale CEO Michael Sonnenschein said in a CNBC interview that the approval of a Bitcoin ETF could boost Bitcoin adoption. The executive said that Bitcoin could allow him to reach a “consultation market” worth about 30 trillion dollars in the United States.
In addition to Bitfinex, statistics website Statista also has its own forecast for crypto user growth. According to Statista, the number of crypto users will reach around 833 million in 2024 and around 992 million in 2028.
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