Crypto Market Size & Share And Future Market Share

The global cryptocurrency market is projected to grow up to $4.94 billion by 2030. If you have heard about reports related to the crash of cryptocurrency markets, read again. The craze for cryptocurrency is not diminishing soon. Cryptocurrency is a virtual currency that has been around for more than a decade. Moreover, one of the biggest benefits of this currency is that there is no regulatory body. It mainly relies on blockchain technology for validation. If you are wondering what blockchain is all about, read on. It is an immutable and decentralized ledger that is maintained across a network of computers. You will be amazed to know about the several benefits that cryptocurrencies offer.

Crypto Market Size and Share Decoded

Growing at the rate of CAGR 12.8%, the cryptocurrency market is heavily dependent on the hardware and software industries. A massive amount of technology and data exchange is on the cards, and that shows promise in the software sector. You will be amazed to know that the Asia-Pacific region mainly dominated the cryptocurrency market in 2020. And, it is still holding on to its position. A number of Bitcoin exchanges have come up and growing in Asia, at present. It is directly impacted by its western counterparts, where several crypto currencies are legalized today. Bitcoin remains the top favourite, amidst other such currencies that have swept the market.

Apart from the western influences, the markets are in an expansion mode and trying to revive after the lull, due to the pandemic. Additionally, the popularity of blockchain technology is also giving the best push to sectors and industries. Apart from the financial market, and healthcare, many other industries have also started adopting blockchain technology. The security and safety net provided by the blockchain technology has led to a huge surge in the trust factor.

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