500 million more investors crypto are expected to enter the financial sector by 2030, according to a report provided by economist and macro analyst Alex Krüger. This new group of high- and middle-income customers might represent a new source of growth for the cryptocurrency industry.
The report’s data indicates that the new layer of consumers will increase in the Asian and African continents. Europe and America used to provide the majority of the capitalisation for the cryptocurrency market, with Asia only recently catching up in terms of the proportion of investors.
Investors from the aforementioned regions will likely start the bull run that everyone anticipates in 2024, but Europe and America will still have a significant impact on the rise we anticipate following the relaxation of monetary policies worldwide and the end of the rate hiking cycle.
Analysts predict that the number of consumers from the aforementioned regions will rise by another 500 million by 2040. Given the volatility and youth of the bitcoin industry, it is unfortunately difficult to anticipate what will happen.
What’s going on with the crypto market?
Fortunately, the equilibrium between short and long orders was broken, and bears had to pay more interest for those who chose to open long positions on the market. As a result, the cryptocurrency market saw some relief.
Generally speaking, a week ago, when the price of the first cryptocurrency abruptly dropped below the $19,000 mark, Bitcoin became oversold. The market is currently anticipating the CPI statistics, which will influence the decision of regulators on the upcoming FOMC meeting.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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