Global management consulting firm Boston Consulting Group (BCG) said that cryptocurrency adoption is likely to accelerate further, driven by retail and institutional investors.
In a research paper published on July 22, the report stated that if we use the number of cryptocurrency holders as a proxy for Web3 users and compare it to the adoption rate of Internet users in the 1990s, the message is clear , there will be a lot of growth in the future.
While it is difficult to predict whether the trend line in crypto adoption will continue, the total number of crypto users could reach 1 billion by 2030. However, BCG says adoption will be impacted by different regions, with North America leading the way.
The region is currently the most invested sector, with an average cryptocurrency holdings of around $18,000. Elsewhere, Africa has the least investment, holding an average of around $190 in cryptocurrencies.
