According to data from the consulting firm Boston Consulting Group (BCG), only 0,3% of current individual wealth is invested in cryptocurrencies.
In the study “What Does the Future Hold for Crypto Exchanges,” global consulting firm BCG predicts that cryptocurrencies will grow in adoption exponentially by 2030.
El study points out that the number of cryptocurrency holders that will exist in the next decade will be about 1.000 million users.
By the end of 2021, it was estimated that some 200 million people were already using cryptocurrencies globally. About 50% of this number were Bitcoin users, according to estimates by Bank of America.
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Growth prospects for cryptocurrencies
In just 13 years since its inception, cryptocurrencies have become much more than a concept.
BCG noted that the number of applications and use cases developed for cryptocurrencies, as well as institutional entry and adoption in emerging economies, have skyrocketed exponentially in recent years, making cryptoassets and their underlying technology, blockchain, a key infrastructure in several sectors of society, from finance and commerce to gaming and social media.
This, the global consulting firm noted, has made the overall crypto ecosystem more robust and solid.
By 2017, there were around 800 cryptocurrency-based applications and protocols. Today, There are more than 10.000 applications developed across the entire crypto ecosystem.
Still, BCG also noted that the industry is in an early stage of development, so accelerated and exponential growth and adoption is expected over the next few years.
The rise of Web3 applications
BCG predicts that the cryptocurrency industry will be driven by two key factors.
First of all, he pointed out the adoption of cryptocurrencies as a new alternative investment asset class. Secondly, it highlighted its ability to serve as a fundamental infrastructure to support The new generation of Web3 applications.
Source: BCG
BCG also revealed that cryptocurrency trading surpassed an estimated $54 trillion in transactions in 2021 and that, thanks to the maturity that the crypto economy has gained and the growing institutional interest in crypto assets, the growth margin for global crypto trading is quite significant in the future.
The role of institutional investors
On the other hand, the global consulting firm determined that despite the recent slowdown in the crypto market and the volatility that the main crypto assets have seen in recent months, institutional money has contributed to creating a more mature profile for cryptocurrencies, reducing their volatility in the market, compared to previous years.
Cryptocurrency adoption curve
A look at the adoption and growth curve of the Internet, which is well over 1.000 billion users, and comparing it to the adoption curve of cryptocurrencies, led BCG to note that the crypto industry is just at the beginning of adoption and that there is still much growth to come.
According to the firm, crypto adoption remains low compared to traditional investment products such as stocks; therefore Only about 0,3% of individual wealth is currently held in these digital assets.
Source: BCG
The BCG study also revealed that North American retail investors are the largest investors in cryptocurrencies, with an estimated $18.000 per investor, compared to other regions of the world, such as Central Africa, where the average investment in cryptocurrencies is $190 per individual investor.
This week, market research firm Grand View Research noted that the NFT market, one of the most important sectors of the crypto and blockchain industry, will grow exponentially by 2030, surpassing 200.000 million in capitalization.
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