A recent study predicts 1 billion crypto users by 2030

Digital asset adoption is still in its infancy, according to a joint study by Bitget, Foresight Ventures, and Boston Consulting Group (BCG). According to the entities, if the current trend holds, there will be one billion crypto users worldwide by 2030.

The study finds that barely 0.3 percent of individual wealth is allocated to the asset class. Comparatively, 25% of people’s money is invested in equities like stocks in private companies.

Crypto to boom similar to the Internet in 1990s

BSG, Bitget, and Foresight Ventures anticipate a new wave of people entering the crypto sector in the upcoming years despite the low adoption rate and the recent market slump. By 2030, there would probably be one billion crypto users, according to the entities’ estimates, which compared the asset class growth to that of the Internet in the 1990s.

Notably, professional traders find the digital asset market more appealing than other markets. While Institutional investors have invested 2% of their whole portfolio, retail investors have put $300 million, or 4%, of their wealth in it. The report reads:

“Among institutional investors, hedge funds and venture capital firms are most willing to invest. [They] have almost doubled their exposure to $70 billion from the fourth quarter of 2020 to the end of 2021.”

The research also listed some of the largest businesses that own digital assets, such as Tesla and MicroStrategy. However, it is noteworthy that the world’s largest manufacturer of electric vehicles, Tesla, recently sold 75% of its Bitcoin holdings for more than $930 million, as TheCoinRise.

On the contrary, the Chief Executive Officer and Co-Founder of Coinbase, Brian Armstrong, recently predicted that there would be one billion crypto users worldwide within the next 20 years. Given that use of cryptocurrencies has increased recently, particularly during the bull run last year, Armstrong’s prediction makes sense. More than 220 million people participated in the market during the first half of 2021, more than doubling the previous six-month period.