Nations to adopt Bitcoin, crypto users to reach 1B by 2023: Report

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Some promising news! Crypto .com predicts one billion crypto users by 2023, and expects more nations to adopt Bitcoin.

) bulls. A promising report from Crypto.com predicts that global crypto users could reach one billion by the end of 2022.the conclusion that a combo of developing nations copying El Salvador’s orange-pilled example and a “friendlier stance” towards the crypto industry means that “Nations can no longer afford to ignore the growing push towards crypto by the public.”

Looking back on 2021, the global crypto population increased by 178% in 2021, rising from 106 million in January to 295 million in December. While 2021 kicked off with Tesla and Mastercard joining the party with crypto payments and adoption, BTC drove growth in the second part of the year, effectively outperforming Ether adoption.

In the run-up to El Salvador’s Bitcoin legal tender bill, August was an outstanding month for adoption as shown in the graph below: In light of the number of crypto users in 2021 tripped, Crypto.com estimates that “If we extrapolate a similar rate of increase in 2022, we are on track to reach 1 billion crypto users by the end of 2022.”

 

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