1 year ago
82 A report published by Boston Consulting Group (BCG) indicated that 0.3% of individual wealth is invested in cryptocurrency while 25% is in equities.
It is a very usual sentiment for people outside of the crypto industry to look at Bitcoin (BTC) prices and make a conclusion that it is already late to enter into crypto. But, a report indicates that the sector is still at the initial stage of the adoption curve.
In a joint report that was published by BCG, Bitget, and Foresight Ventures, available data indicates that compared to the traditional investment assets, crypto adoption is still considerably low. BCG said that just 0.3% of individual wealth is invested in crypto.
The report indicates that it is not comparable to the 25% that is currently put into equities. Based on the data, the report concluded that the shallow penetration in terms of investment means that there is still a lot of room available for more considerable growth and adoption within the crypto space.
Apart from that, the report also compared the internet’s adoption curve to 1 billion users to current crypto holders, and Ethereum (ETH) addresses with non-zero balances. With that in mind, the report mentioned that “there is plenty of growth to come.”
Source: Boston Consulting Group, Bitget and Foresight Ventures
By comparing the available data, the researchers managed to project that by 2030, crypto users might reach 1 billion in case the trendline continues in its course.
A recent market report by Verified Market Research, a consulting company, projected that in ten years, the nonfungible token (NFT) sector’s value may surge to reach $231 billion. Based on the same report, the industry may continue a yearly compound growth rate of 33.7% in the coming years, with the drivers identified as film, music, and sports.
On the flip side, a report published by McKinskey indicated that the metaverse alone might be valued at $5 trillion in 2030. The international consulting firm surveyed clients, consumers, and firms across multiple nations and sectors to identify a pattern in consumer behavior. Based on its findings, e-commerce will be at the forefront of driving the cash flow within the metaverse, making up to $2.6 trillion in revenue by 2030.
