Total crypto users likely to reach 1 billion by 2030: BCG Report
The report shows increasing retail participation in the crypto market, with North America leading the way
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On July 22, Boston Consulting Group (BCG), a global management consulting firm, released a report stating that crypto adoption is likely to accelerate further, with the number of crypto users reaching one billion by 2030.
Both retail and institutional investors are expected to drive growth. According to a joint report published by BCG, Bitget, and Foresight Ventures, crypto adoption remains very low compared to traditional investment assets. The report further states that only 0.3 percent of individual wealth is invested in crypto, compared to 25 percent in equities.
Although institutional interest in crypto assets is growing, individual investors are currently the largest holders of crypto assets. According to the report, institutional crypto investors include hedge funds and venture capitalists, who nearly “doubled their exposure to $70 billion from Q4 2020 to the end of 2021â€. However, it was these venture capitalists who bore the brunt of the Terra-Luna platform crash.
The report concludes that the crypto industry still has a lot of room for more significant growth and adoption due to the low investment penetration. This is similar to the conclusion reached by Wells Fargo, a major financial institution based in the United States.
As quoted in the BCG report, "If we use the number of crypto holders as a proxy for Web3 users and benchmark it against the adoption rate of Internet users in the 1990s, the message is clear: there is plenty of growth to come. While it is difficult to predict if the trendline of crypto adoption continues, the total number of crypto users is likely to reach 1 billion by 2030."
