These wallets are used to store cryptocurrency and the number of existing wallets gives an indication of the total number of crypto users. The Number Of Crypto Wallets Has Surpassed 70 MillionĪs per a Statista report, the total number of blockchain wallet users reached 77.43 million in October 2021.The industry is growing rapidly at a CAGR of 56.9%. The Global Blockchain Market 2021-2026 report estimates the global blockchain market growing from $6.0 billion in 2021 to $56.7 billion in 2026. The company also runs a cryptocurrency exchange, PayBito, and provides custom white label cryptocurrency exchange platforms. Global blockchain development companies like HashCash Consultants offer customized blockchain solutions prioritizing innovation. The transparency and immutability have led blockchain into becoming one of the top emerging technologies alongside AI, data science, IoT, and cloud computing. It has quickly become integral in fintech, logistics, and supply chain management. The blockchain network’s inherent traits are utilized across countless domains. Blockchain Has Become A Modern Necessity.The current global crypto market capitalization stands at USD 1.3 trillion dollars, while the 24-hour market volume hovers around USD 141 billion. As per expert forecasts, the rise will continue further and touch $100,000 by the end of 2021 As of current events, Bitcoin leads with a market share of 44.55%, followed by Ethereum(18.95%), Binance Coin(3.05%), and Tether(2.81%). Within a years span, Bitcoin values have risen over 400%. Ukraine leads by population percentage with 12.73% of its total population having possession of cryptocurrencies, followed by Russia(11.91) and Kenya(8.92%) In terms of crypto ownership, India has the highest number of crypto owners at 10.07 crore, followed by the USA (2.74 crores), Russia(1.74 crores), and Nigeria(1.30 crore). Most of the acquisitions nowadays occur via trading through cryptocurrency exchanges. Bitcoin or crypto mining has reduced significantly due to excessive competition, coin limitations, and environmental concerns. The Crypto Market Has Achieved OmnipresenceĮxcept for the countries that have banned cryptocurrencies altogether(Shame on You China), people are trading in cryptocurrencies on a global scale.For Gen X and Gen Z, the outcome was 40% and 7% respectively. The poll report also indicates that more than half(53%) of millennials are much more likely to view digital assets as efficient payment tools. In comparison, the Gen X population had 38% while the Gen Z is understandably standing at 13%. Reports from a Piplsay poll indicate almost half(49%) of millennials own cryptocurrency. Millennials are much more likely to take a step forward and invest in cryptocurrency compared to their previous generations or their successors. The following list consists of interesting facts and information pertaining to the world of bitcoin and digital assets. While countries like El Salvador are busy acquiring bitcoins(they have also made it a legal tender), a major section of Bitcoin and other cryptocurrency investors comprises millennials. 2021: An Eventful Year for Cryptocurrency in General Current market valuations certainly point that way- Bitcoin prices are scaling new highs every other week. The meteoric rise is unlikely to slow down any soon, with leading finance experts projecting bitcoin valuations above $100 thousand by the year-end. With strong support through crypto exchanges, legalization, and adoption in several countries, 2021 has been an excellent year for Bitcoin.
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