The cryptocurrency industry is on track to reach its first billion users by the end of 2025, according to Bitcoin analyst Willy Woo. Woo’s chart, which maps out all existing crypto asset users and predicts the milestone, has garnered praise from industry experts like Daniel Batten.
Reaching one billion crypto users is seen as a crucial step towards mainstream adoption, as it can bring in a new wave of capital that could drive up the value of digital assets. However, with the current number of cryptocurrency owners at 580 million, a 72% increase would be needed to hit the billion mark by 2025.
A report by Crypto.com shows that the number of Bitcoin holders grew significantly in 2023, with developments around Bitcoin exchange-traded funds (ETFs) being a key driver of user growth. Despite this growth, reaching one billion users by 2025 may be a stretch based on the current trajectory.
In a joint report from Boston Consulting Group, Bitget, and Foresight Ventures, the first billion crypto users are estimated to be reached by 2030. The report compares crypto adoption to the internet’s adoption curve and highlights the potential for growth, as only 0.3% of individual wealth is currently invested in crypto compared to 25% in global equities.
As the industry continues to evolve, the race towards one billion crypto users by 2025 remains a key focus for analysts and investors alike.