According to data by Insider Intelligence, up to 3.6 million Americans will use crypto in order to make payments and purchases during 2022. Particularly, Insider Intelligence conducted a study that included only adults that are currently living in the United States.
Interestingly enough, the numbers from the report show that crypto transactions are set to spike by more than 70% in 2022, with the end estimates revealing that around 3.6 million adult Americans will relly on digital currency as their preferred payment method of choice.
Speaking on the matter, the chief analyst at Insider Intelligence, David Morris, states that the volatility of crypto is slowly alleviating thanks to the increased use of stablecoins. Specifically, the more CBDCs are created, the more people will turn their focus to cryptocurrencies as the go-to payment method.
Moreover, Insider Intelligence predicts that by the end of the year 2022, there are going to be 33.7 million adult crypto users in the United States, with this number expected to go even higher by the end of 2023, or up to 37.2 million Americans. If we take into account the previous prediction that stated that there are going to be 41 million crypto users in the U.S. by 2021, these numbers are a bit more realistic.
According to crypto exchange Gemini, regardless of the part of the World, the number of global crypto users is reporting exponential growth, with three specific geos reporting rather strong numbers. Those are Brazil, India and Hong Kong, where crypto investors have almost doubled in 2022.
Another interesting statistic comes from Norway, where a recent poll by Arcane Research with Ernst & Young showed that Norwegian women are also starting to seriously get into crypto. More specifically, the number of Norwegian women purchasing crypto almost doubled from 3% in 2021, to the 6% that is now in 2022.
When it comes to Norvegian males, on the other hand, there is a far bigger increase, going from 6% in 2019, to more than double, or 14% in 2022.
To sum it all up, all of these reports are showing that the people are purchasing crypto nearly as double as much as they have purchased before. Whether this has to do with the stability in the midst of a global economic crisis, the convenience and unique nature of blockchain, or a combination of both, one thing is certain. We are heading towards a digital money society.
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