CryptoCom Ambitiously Predicts 1 Billion Users By The End Of 2022

CryptoCom ambitiously predicts the platform will have 1 billion crypto users by the end of 2022 but what’s the reason for these huge adoption figures? Let’s find out in today’s crypto news.

CryptoCom ambitiously predicts 1 billion users by the end of 2022 according to the reports outlining key developments for the next year as well. The predictions touched on a few burgeoning areas but the most interesting thing is the call for a number of global users that will hit 1 billion and many experts agree that the adoption is headed in only one direction. YouTuber Lark Davis tweeted a chart showing the interest vs crypto adoption rates and the chart when superimposed, is taking account of different timelines which shows a higher degree of symmetry. Based on what is already known about internet adoption, the analyst predicted the global crypto users will hit 1 billion in the next five years, and based on the estimated 200 million current users, it represents about a 5x increase by 2026.

Order to hit 1 billion users by the end of next year is a spirited call but based on the charts, the end of 2022 will see another 400-500 million users. While justifying its position, the exchange believes that 2022 will see a much friendlier stance towards crypto which will drive the adoption skywards. This is because they expect the developed nations to get their act together with the legal and tax crypto frameworks and they also see rising inflation as a tailwind for digital assets adoption. CryptoCom gives a few predictions for next year all of which support the idea of the increased adoption or the developments in the crypto sector.

Considering the first crypto ETF were approved in 2021, the company saw bigger integration of crypto and with traditional finance as well so legacy companies will enhance their ties to the exchanges as a result:

“Traditional banks and financial houses like Morgan Stanley, Citi, Goldman Sachs, JP Morgan, E&Y, Bank of America, and Credit Suisse are seeking partnerships with crypto exchanges to integrate crypto into their main services from payments to transfers and investment.”

Some have doubts about the metaverse and Web3 but CryptoCom sees this area as a strong one that will further develop. Interoperability and cross-chain Defi protocols are set to launch and will eventually end Ethereum’s dominance of decentralized finance. The final prediction sees decentralized autonomous organizations expand beyond crypto.