Cryptocurrency will attract a billion people by the end of this year

The trading platform “Crypto.com” expects that the number of dealers in the markets of Cryptocurrencies billion people by the end of this year, according to Bloomberg’s Al Sharq channel website.

This number is considered very high, as it is not only 3 times the number of investors last year, according to the company’s figures, but also because many people are suspicious that Bitcoin and other digital assets are entering a cold crypto winter, and the state of weakness in the crypto token markets It is a cold backdrop to this optimistic forecast, but its proponents remain firm in their opinion.

The deterioration of risky assets continued this month, as Bitcoin continued to bleed, losing regarding 45% of its value compared to its highest level last November, which is enough to invoke fear that its markets will witness a prolonged slump like the one that hit it in 2018. However, its promoters do not They retract their claim by expanding their use and increasing their prices.

Take Greet Trakulhun, an investment analyst at Titan Global Capital Management in the US: “This year will be the first year that people won’t say crypto-tokens are no longer mainstream.”

Speculation and violent fluctuations

Most of those who invest their money in digital assets are buying them for speculative purposes, hoping for a return, but a handful of prominent people have declared their support for cryptocurrencies – including this latest rush between athletes and politicians accepting their salaries in bitcoin, bolstered by the talk regarding Expect widespread adoption of the cryptocurrency.

However, new investors face obstacles in the cryptocurrency markets, and these markets may witness several periods of violent volatility in the future as the market deals with the uncertainty surrounding the Federal Reserve’s decision to increase the interest rate on borrowing, according to Anastasia Amoruso, investment strategist at IBM. iCapital. In addition to the difficulties faced by individuals in understanding how to operate a set of third generation network applications from the Internet (Web 3).

Cryptocurrencies in a year.. what they have and what they have to

Trakulhun added, “I really can’t describe to you how difficult it is to explain to someone how to install these applications. A large amount of capital is being poured into these systems with the aim of improving the user experience, and this type of investment will become necessary for the widespread adoption of the cryptocurrency.” “.

The year of the digital asset explosion

Despite these obstacles, proponents of crypto tokens expect a growth in their use this year, and according to “Krypto.com” figures, the year 2021 – the year of the explosion and widespread spread of digital assets – witnessed an increase in the possession of these tokens by 178% to 295 million investors.

There is a real chance that this number will reach the one billion mark, said Sam Bankman-Fried, CEO of cryptocurrency exchange FTX.

He added during an interview, “There are some applications that have regarding a billion users, and if one of them ends up identifying and normalizing many of its users to encrypted tokens, that alone may bring us closer to this point. And this is not very far in fact.”

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