{"id":150193,"date":"2022-01-21T15:33:51","date_gmt":"2022-01-21T15:33:51","guid":{"rendered":"https:\/\/precoinnews.com\/?p=150193"},"modified":"2022-01-21T15:33:51","modified_gmt":"2022-01-21T15:33:51","slug":"nations-to-adopt-bitcoin-crypto-users-to-reach-1b-by-2023-report","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/nations-to-adopt-bitcoin-crypto-users-to-reach-1b-by-2023-report\/","title":{"rendered":"Nations to adopt Bitcoin, crypto users to reach 1B by 2023: Report"},"content":{"rendered":"

There\u2019s a beacon of hope for battered Bitcoin (BTC) bulls. A promising report from Crypto.com predicts that global crypto users could reach one billion by the end of 2022.<\/p>\n

The report reaches the conclusion that a combo of developing nations copying El Salvador\u2019s orange-pilled example and a \u201cfriendlier stance\u201d towards the crypto industry means that \u201cNations can no longer afford to ignore the growing push towards crypto by the public.\u201d<\/p>\n

Looking back on 2021, the global crypto population increased by 178% in 2021, rising from 106 million in January to 295 million in December. While 2021 kicked off with Tesla and Mastercard joining the party with crypto payments and adoption, BTC drove growth in the second part of the year, effectively outperforming Ether (ETH) adoption.<\/p>\n

In the run-up to El Salvador\u2019s Bitcoin legal tender bill, August was an outstanding month for adoption as shown in the graph below:<\/p>\n

<\/p>\n

In light of the number of crypto users in 2021 tripped, Crypto.com estimates that \u201cIf we extrapolate a similar rate of increase in 2022, we are on track to reach 1 billion crypto users by the end of 2022.\u201d<\/p>\n

However, it will take more than just one Latin American nation adopting Bitcoin and some healthy crypto regulation\u00a0in the United States\u00a0to get there. <\/p>\n

Related: Crypto liquidations pass $700M as altcoins take a hit from Bitcoin sinking below $40K<\/em><\/strong><\/p>\n

Fortunately, a recent Fidelity report agrees on nation-state adoption; they \u201cwouldn\u2019t be surprised\u201d to see more countries adopting BTC in 2022. As for the second part of the Crypto.com prediction on a friendlier stance to crypto, the jury is out. <\/p>\n

Given that the potential rocket fuel that is a U.S. Bitcoin ETF continues to be rejected, and the recent U.S crypto mining hearing was cautious at best, Crypto.com\u2019s predictions are a saving grace. As price action grinds lower, the report is welcome hopium for hodlers.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

There\u2019s a beacon of hope for battered<\/p>\n","protected":false},"author":3,"featured_media":150192,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nNations to adopt Bitcoin, crypto users to reach 1B by 2023: Report - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/nations-to-adopt-bitcoin-crypto-users-to-reach-1b-by-2023-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nations to adopt Bitcoin, crypto users to reach 1B by 2023: Report - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"There\u2019s a beacon of hope for battered\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/nations-to-adopt-bitcoin-crypto-users-to-reach-1b-by-2023-report\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-21T15:33:51+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2022\/01\/Nations-to-adopt-Bitcoin-crypto-users-to-reach-1B-by-2023-Report.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/nations-to-adopt-bitcoin-crypto-users-to-reach-1b-by-2023-report\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/nations-to-adopt-bitcoin-crypto-users-to-reach-1b-by-2023-report\/\",\"name\":\"Nations to adopt Bitcoin, crypto users to reach 1B by 2023: Report - 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