The post Latest Report Reveals 7.51% of Global Population Now Uses Crypto appeared on BitcoinEthereumNews.com.

The analysis by MatrixPort predicts that this percentage will surpass 8% by 2025. One of the main reasons for the consistent rise in adoption, is the increasing institutional participation. According to a report by MatrixPort, 7.51% of the world’s population now uses digital currencies, marking a major milestone in global cryptocurrency adoption. This would indicate that cryptocurrency is starting to move out of its niche market and into the mainstream of financial systems, because the analysis predicts that this percentage will surpass 8% by 2025. One of the main reasons for the consistent rise in adoption, as highlighted in the report, is the increasing role of institutional participation. The establishment of credibility and reliability for digital assets inside established financial systems has been greatly aided by financial institutions such as BlackRock. Long Way to Go When it comes to cryptocurrency acceptance, Bitcoin is at the forefront. Many people see it as a way to hold wealth, especially when the economy is shaky. In times of economic turmoil, like the European debt crisis and the devaluation of the Chinese yuan, demand for Bitcoin has traditionally surged. This is according to 10x Research founder Markus Thielen. Every time new ways to acquire Bitcoin were presented to the financial markets. The price of Bitcoin would rise because of its development. Thielen added by saying that institutional investors may show renewed interest if options based on Bitcoin spot ETFs were to be introduced. Regulatory difficulties, market volatility, and security concerns among individual investors are among the remaining obstacles. Despite the positive predictions made in the MatrixPort report. Wallet drainers and other scammers continue to be a problem in the cryptocurrency industry. The market might become even more unstable at times of macroeconomic upheaval if institutional investors cause massive sell-offs. Highlighted Crypto News Today: Crypto…

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Filed under: News - @ October 8, 2024 12:08 am