Report predicts 1 billion crypto users by 2022

Crypto.com released its “Crypto Market Sizing” report, which is considered a key indicator of global crypto adoption. Analysis conducted by Crypto.com, the industry’s leading research team, shows a 178% increase in crypto users in 2021. That’s a total of almost 300 million people who discovered crypto through them themselves at the end of last year. The report predicts that the number of crypto users will exceed one billion by the end of 2022.

Crypto.com’s report reviews key events in the cryptospace in 2021. Along with electricity maker Tesla, credit card provider Mastercard is also recognized for its crypto adaptation efforts. Events like the ₿Word conference have also helped draw mainstream attention to cryptocurrencies. El Salvador has also caused a stir with its bitcoin policy.

While some crypto giants speculate that Ethereum could eventually replace Bitcoin as the most important cryptocurrency, the report clearly sees Bitcoin as the most important growth engine in the crypto space. The introduction of Ethereum 2.0 could not change that. The Crypto.com report attributes Ethereum’s weaker role in mainstream cryptocurrency development to two factors. These include the emergence of alternative ecosystems that are direct competitors to Ethereum, such as Terra and Avalanche. Layer 2 solutions that transfer assets from Ethereum to other chains would also impede further distribution.

Just last week, crypto exchange Crypto.com had to contend with a hacker attack that has hit the wallets of 483 Crypto.com users so far. The total amount of damage currently amounts to approximately 33 million US dollars. in Interviewed by Bloomberg However, Crypto.com CEO Kris Marszalek has made it clear that customer deposits are never at risk.