Bitcoin and Cryptocurrency Adoption Predicted to Reach 4 Billion Users by 2030
According to Raoul Pal, a former executive at Goldman Sachs, a chart that has proven reliable over the last five years suggests that Bitcoin (BTC) and cryptocurrency are well on track to reach four billion users.
In a recent video update, the CEO of Real Vision suggested that the number of crypto users will likely surpass one billion by the end of 2025.
Pal’s forecast is based on a model comparing the adoption rate of the internet during its early years with the growth rate of crypto users since 2016 – when it first reached one million users.
The internet, which experienced the fastest technology adoption in history, grew by 76% per year and then slowed down to 43% per year after the eighth year. Crypto has been growing at a rate of 137% per year. It now boasts 516 million users compared to the internet’s 187 million at the same stage.
If we assume that crypto will slow down its growth to match that of the internet, though I believe it will be faster, by the end of 2025, we will have 1.1 billion users.
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Looking further ahead, Pal predicts that half of the world’s population will adopt Bitcoin and cryptocurrency at the beginning of the new decade.
If we extend this analysis using the internet adoption growth and adjust the growth rate of crypto to match that of the internet going forward, we will reach four billion users by 2030. That’s half the world’s population.
Will this projection be perfect? It has been fairly accurate so far, and I’ve been presenting this chart for five years now. However, let’s assume it might not be. Either way, these numbers are incredibly significant.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
