There will be 1 billion crypto users by 2030 - research

Imran232

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Quote from: Ambire on July 26, 2022, 12:00:19 PM

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Honestly speaking, I don't think it will take more than 8 years to reach 1 billion people. It might take max. 5 years. People will be able to learn about bitcoin more quickly now that they are highly socialized and the majority of people use the internet. And in the next 5 years, maybe 80 to 90% of the people in this world will be able to use the internet. And from them, if on to 5% of people know about it, it's enough to cross the bitcoin price to the mountain. That's my thought. Thank you very much.

Nubitcoinerr

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Hopefully that will be the case by 2030 cause adoption is very slow barely anyone using crypto for everyday purpose. Fees are way too expensive and it's just a digital form of tokens. I wouldn't be surprised if it's 60% adoption or 5% adoption by 2030. It could go either way. A lot depends on the political shifts and implications. I'm leaning towards 60% chance it will be still less than 3% adoption rate, and a 40% chance by 2030 it will be 60% adoption rate meaning in 7 years a lot of fiat would be converted to blockchain and crypto?

Reid

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It can happen but don't expect most of those will be a Bitcoin supporter or investor/user.
The NFT trend made a huge impact, first of all. It opened up a portal into where the innocent became "wannabe pro crypto enthusiast".
All they wanted was to play the game that an NFT project have opened up and next to that they are already using Binance and Ethereum chain to make it happen.
Accounts created in both chains spiked and soon we will see the same event where a new trend will shake the leftover innocent to learn the crypto industry.

n0ne

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Quote from: wxa7115 on July 29, 2022, 04:31:02 PM

Quote from: kryptqnick on July 27, 2022, 01:48:42 PM

I think it's still possible for the crypto adoption to properly kick in and for a billion of users to be reached. I'd say that less than 8 years isn't enough for that, though, and current world conditions aren't very favourable for larger development of technologies because the economy isn't doing well. 10 to 20 years- yes, sure. 7.5 years - highly unlikely. And then there's the concern others pointed out, regarding the way the number of users is counted (including the number of current users).

It depends, while I also think that under normal conditions reaching such amount of users is unlikely and it is better if we gave bitcoin decades to reach that number, it is not like it is impossible if the conditions are extraordinary.

I have always thought that if things get really bad and there was inflation out of control a high rate of unemployment and even political stability that will be the trigger for people to actually look for alternatives and as such massive adoption could happen really quickly under that scenario.

The real adoption need to take place. Only then it'll happen. If not this will serve to be numbers without value. Because, we predict and in the real-time it is hard to be achieved. The growth over the years have skyrocketed in terms of users. In specific the increase is being felt much over the Asian and African belt. This means the chances of reaching 1 billion in another 8 years of time is possible.

Kelvinid

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Quote from: wxa7115 on July 29, 2022, 04:31:02 PM

Quote from: kryptqnick on July 27, 2022, 01:48:42 PM

I think it's still possible for the crypto adoption to properly kick in and for a billion of users to be reached. I'd say that less than 8 years isn't enough for that, though, and current world conditions aren't very favourable for larger development of technologies because the economy isn't doing well. 10 to 20 years- yes, sure. 7.5 years - highly unlikely. And then there's the concern others pointed out, regarding the way the number of users is counted (including the number of current users).

It depends, while I also think that under normal conditions reaching such amount of users is unlikely and it is better if we gave bitcoin decades to reach that number, it is not like it is impossible if the conditions are extraordinary.

I have always thought that if things get really bad and there was inflation out of control a high rate of unemployment and even political stability that will be the trigger for people to actually look for alternatives and as such massive adoption could happen really quickly under that scenario.

Many people just know about Bitcoin and that seems to be an alternative investment for many people, in fact, rich people have been involved already. Yes, just notice that when Covid-19 hits the world, Bitcoin become known globally and started attracting interest to the community making a surge of its adopters, users, and investors. We've been really seeing a huge spike in its demand. And those who are actively participating in online transactions could be somewhat encouraged to use Bitcoin instead of fiat money.

wxa7115

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Quote from: kryptqnick on July 27, 2022, 01:48:42 PM

I think it's still possible for the crypto adoption to properly kick in and for a billion of users to be reached. I'd say that less than 8 years isn't enough for that, though, and current world conditions aren't very favourable for larger development of technologies because the economy isn't doing well. 10 to 20 years- yes, sure. 7.5 years - highly unlikely. And then there's the concern others pointed out, regarding the way the number of users is counted (including the number of current users).

It depends, while I also think that under normal conditions reaching such amount of users is unlikely and it is better if we gave bitcoin decades to reach that number, it is not like it is impossible if the conditions are extraordinary.

I have always thought that if things get really bad and there was inflation out of control a high rate of unemployment and even political instability that will be the trigger for people to actually look for alternatives and as such massive adoption could happen really quickly under that scenario.

_BlackStar

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Quote from: TheNineClub on July 29, 2022, 03:16:19 PM

So the big factor is that IF the trend continues for a period of 8 years there will be so and so users. I wouldn't predict anything past a year tops because there are so manny factors at play here regarding outside economy, growth of other crypto coins, the publics preception of crypto...Let's see first if we can get out of this looming economic crisis and then we can look at the near future.

The increasing adoption and growing popularity of bitcoin during the economic crisis will definitely increase the number of users. I may not analyze or predict the numbers, but it is definitely worth the growth and in line with the development of information in society.

The economic crisis and inflation can increase people's interest in bitcoin by considering bitcoin as a store of value asset, not just an investment. I can imagine that being a trend among big investors so far, but surely bitcoin will be a bit more likely to be ignored by people with lower economic status.

TheNineClub

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So the big factor is that IF the trend continues for a period of 8 years there will be so and so users. I wouldn't predict anything past a year tops because there are so manny factors at play here regarding outside economy, growth of other crypto coins, the publics preception of crypto...Let's see first if we can get out of this looming economic crisis and then we can look at the near future.

justdimin

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Quote from: worle1bm on July 29, 2022, 01:32:12 AM

I also believe that these numbers will be achieved soon because if we say about eight years period then we can imagine how much growth the crypto market would witness.At current we already have millions of users in this space but for me 1 billion users would be soon within few years only

The first crypto which was bitcoin came out on 2009 and then after that many cryptos have followed up, so to sum it up, cryptos are now running for 13 years but it shows that the total number of crypto users are only 300 million.

I am thinking that if we will hit another 13 yrs, only 300 million more are going to be added so that will be over 600 million in total, therefore I can't really agree with you or to the op that by 2030 we can have 1 billion crypto users. We can't just say that cryptos are now more popular so it will now be easy to be adopted. Let us not forget that many people have been scammed and they now hate cryptos, also there are countries which are still banning cryptos.

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Quote from: stompix on July 26, 2022, 01:35:06 PM

Pushing the numbers to 2030? Roll Eyes

Crypto.com was saying that we would be reaching 1 billion by the end of this year back in January:
Staying cool: Is crypto snowballing to 1 billion users this year?

LMAO.

I assume that this user projection was based on the price having behaved much better than it has.

In the end I think the important thing is that the number of users will continue to grow, and that even if there is volatility and swings in price, bitcoin is a pretty safe bet for the long-term holder.

buwaytress

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Hate to bring this up over and over again but having an app that says you bought Bitcoin doesn't make you a user.

Having Paypal that has a Bitcoin balance, Binance account that says you have Bitcoin, even a physical bitcoin with loaded balance... they do mean you own some form of investment in Bitcoin, they might even mean you own real Bitcoin, but if you've never personally interacted with Bitcoin network, you're not a user.

And that's not being elitist, that's just being practical.

Do you really think you would be able to talk to 1 in 8 people in 2030 and get them to whip out their Bitcoin wallet and transact with you?

Can't even get that ratio on THIS forum.

worle1bm

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I also believe that these numbers will be achieved soon because if we say about eight years period then we can imagine how much growth the crypto market would witness.At current we already have millions of users in this space but for me 1 billion users would be soon within few years only

JayTrain

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it's one thing when these are active users in the form of 1 billion, and another moment, it may just be curious people who just came to read for cryptocurrency and just these people were counted by statistics. I would like these people to use crypto currency as with bank cards, then it would attract huge demand and cash flows to the crypto market as a whole.

Stella Mese

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indeed from day to day more and more people are talking about bitcoin, because they see the great potential and ease of bitcoin transactions. and I think in 2030 there will be more people using bitcoin as a means of investment, short term or long term. even some countries in this part of the world have started to adopt bitcoin, because they see good potential and opportunities. so definitely in the future there will be more bitcoin users and enthusiasts.

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Quote from: AmoreJaz on July 28, 2022, 07:31:56 PM

Quote from: rhomelmabini on July 28, 2022, 09:26:31 AM

Does the study entails if there will be some form of hindrances to these figures? Just curious if we can add more to the the scalability issue, lack of education, hacks, and other kind of hindrances to adoption. It's a long way to go or not but we only increase when it's in the bull market and that's a fact, people gone when it's winter like we are now.

i think, the numbers are just estimates. so they may have missed some parameters or factors. but it is showing positive growth in the next coming years, so the possibility that btc will further increase its value is high. with this projection, you can now decide whether to invest more or not, while btc is still down. they may missed the exact numbers here, but if it will be near in those predictions, that's already quite promising to invest in this market.

Yeah, I think in the bull run of 2017, we kind of heard this news as well, crypto is being adopted and x numbers of people are going into it.

So the same thing happen in 2021 bullish market, and this pattern might continue to the next bull run of 2024-2025 and so on. So the numbers are estimates but we could be near that numbers by 2030.

GreatArkansas

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indeed as time goes by more and more people will look to crypto because there are indeed many factors that make them look to crypto, including the economic crisis and so on. and of course over time there will be more people who are interested in crypto.

Yeah, for me it is impossible that the adoption will decrease because there are already a lot of things that cryptocurrency solves, especially in our day-to-day finance.
It is just showing now that we are still very early on the cryptocurrency adoption, there will be more upcoming innovations, especially on Bitcoin.

AmoreJaz

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Quote from: rhomelmabini on July 28, 2022, 09:26:31 AM

Does the study entails if there will be some form of hindrances to these figures? Just curious if we can add more to the the scalability issue, lack of education, hacks, and other kind of hindrances to adoption. It's a long way to go or not but we only increase when it's in the bull market and that's a fact, people gone when it's winter like we are now.

i think, the numbers are just estimates. so they may have missed some parameters or factors. but it is showing positive growth in the next coming years, so the possibility that btc will further increase its value is high. with this projection, you can now decide whether to invest more or not, while btc is still down. they may missed the exact numbers here, but if it will be near in those predictions, that's already quite promising to invest in this market.

rhomelmabini

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Does the study entails if there will be some form of hindrances to these figures? Just curious if we can add more to the the scalability issue, lack of education, hacks, and other kind of hindrances to adoption. It's a long way to go or not but we only increase when it's in the bull market and that's a fact, people gone when it's winter like we are now.

Rufsilf

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Why do we have to wait until 2030 when it was possible this year or even next year?
Well, it was just an assumption as to what might happen 8 years from and honestly, I'd think the study seems to fail to know the massive growth of crypto adopters and users worldwide. And we are not even sure that we already had reached those numbers as many people quietly investing in crypto.

Anyways, it is hard to find an accurate number of users. We can always speculate and cite a possible number base on the data we gathered but never think it was reliable as we don't have such thing.

8rch7

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Although we will never know what will happen in 2030, but I really agree with your review, because every year there is always an increase in bitcoin users in almost all countries, because krypto has become a favorite investment instrument among the world community, even now there are already 18 thousand companies that already accept payments in cryptocurrencies, although cryptocurrencies are not yet available. Legalized by the government but I believe users of crypto currency will definitely increase every year, for now India is the country that adopts the most crypto currency, more than 100 million people use crypto currency in India, then followed by the United States, but for countries I haven't used crypto currency much, but I believe that maybe in 2030 my country will also increase in crypto currency users, because investing in crypto currency provides a very promising opportunity in the digital era that is currently developing.

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