An interesting research draws the conclusion that cryptocurrencies will be a trend that will embrace 500 million people in 2030.
Research on the world of cryptocurrencies: interest will grow until at least 2030
In an enlightening tweet, Watcher Guru points the spotlight toward interesting research by Alex Kruge on the world of cryptocurrencies.
Over 500 million new investors are projected to buy #crypto by 2030, HSBC report reveals.
— Watcher.Guru (@WatcherGuru) September 11, 2022
The tweet, echoing the title of the research, reads.
“More than 500 million new investors are expected to buy crypto by 2030, reveals the HSBC report.”
Analyst and cryptocurrency expert, Alex Kruge, conducted research for HSBC on how the phenomenon of digital currencies is continuously expanding, despite all the difficulties in the years, this trend knows no rest and, indeed, its expansion is unstoppable.
The data reported by Krüge on what lies ahead about the user base show that by 2030 cryptocurrencies will be embraced by 500 million new investors including small, medium and especially large.
They take it even further in the report going so far as to state, driven by the data, that by 2040 there will be another 500 million new users which will bring the base to 1 billion people, a truly remarkable growth.
In terms of volumes, growth is projected to be 44% by 2030 and the trend, from there to 2040, will be exponential, reaching mind-boggling figures, the kind that rightly characterize a mature market that has made its mark with novelty and reliability in the world of finance and currency.
The growth is indeed auspicious and it is estimated that the increase in numbers will find more conspicuous space especially in Asia and Africa. This will be followed by countries such as India, Pakistan, Nigeria, South Africa and Congo (but not only).
The market’s response to the major news of the moment
Taking a look at the performance of the major currencies, it can be reported that Bitcoin, but also Ethereum grappling with the Merge expected any day now, have meanwhile bounced back and are emerging from an interesting week.
Bitcoin recovered about 10% from last week’s values, slightly improving dominance, while ETH jumped about 14%.
Values show BTC above $21,000, while ETH at $1700.
Basically, two-plus years of pandemic, energy crises due to the world’s setback and the war between Russia and Ukraine, and a bear market grinding it all down, are not putting a damper on the crypto world, which, on the contrary, is continuing to captivate more and more investors around the world.
The phenomenon can also be attributed to the desire for change and the hope that the world will know a new push that will lift portfolios and the economy, taking society out of the economic abyss into which it sinks.
In this respect, HSBC is providing reassurance, since broadening the base especially for currencies such as Bitcoin, which has a maximum of 21 million units, should push up the value and thus, improve the positions of individual wallets in the long run. The hope is that all the rest of the digital currencies will grow as well.
Another note of optimism comes from the fact that we are now almost a year from the beginning of the bear market, which on average puts the bear market at the halfway point and, therefore, at most one year from its end, when looking at previous cycles.
The average duration of two years is not a certainty, but it may give a measure and bring back a veiled optimism among investors in a few months when, hopefully, the Federal Reserve’s aggressive policies will also have succeeded in defeating inflation.
The post Cryptocurrencies will be the next trend until 2030 appeared first on The Cryptonomist.
