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More Than 500 Million New Consumers Might Buy Crypto by 2030: Report

Sun, 09/11/2022 - 11:08
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Arman Shirinyan
Cryptocurrency market is still not at top of adoption curve as 500 million more consumers to appear by 2030
More Than 500 Million New Consumers Might Buy Crypto by 2030: Report
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According to a report shared by an economist and macro analyst Alex Krüger, 500 million more investors are going to enter the financial market by 2030, the group of new high and middle income consumers might become a new source of growth for the cryptocurrency market.

As the data provided in the report suggests, the new layer of consumers will grow in Asian and African regions. Previously, the two main regions that provided most of the capitalization for the cryptocurrency market were Europe and America, while the percentage of investors from Asia was only catching up.

The bull run everyone expects in 2024 will most likely be initiated by investors from the aforementioned regions, but Europe and America will still have a huge impact on the rally we expect after the easing of monetary policies around the world and the end of the rate hike cycle.

By 2040, analysts expect another 500 million increase in the number of consumers from the aforementioned regions. Unfortunately, it is hard to predict what is going to happen with the cryptocurrency market, considering its volatility and adolescence.

What's happening with crypto market?

Luckily, the cryptocurrency market felt a bit of relief after the balance between short and long orders was broken and bears had to pay additional interest for those who decided to open longs on the market.

No, Vitalik Buterin Is Not Giving Away Ethereum Ahead of Merge

Generally, Bitcoin became oversold around a week ago, when the price of the first cryptocurrency suddenly plunged below the $19,000 threshold. As for now, the market waits for the CPI data that will affect the decision of regulators on the upcoming FOMC meeting.

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About the author

Arman Shirinyan is a trader, crypto enthusiast and SMM expert with more than four years of experience.

Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.