Cryptocurrency adoption hit new milestones in 2022, with the number of cryptocurrency owners reaching 425 million during the year, a new report from Crypto.com shows. Furthermore, the report reveals that the number of bitcoin owners reached 219 million in December, while the number of ether owners reached 87 million.
Crypto Adoption Hits New Milestones
Crypto.com posted a report titled “Crypto Market Size” for 2022 last week. The company explained that its analysis is based on a combination of on-chain data from Bitcoin and Ethereum, survey analysis, and its own internal data.
Regarding the total number of cryptocurrency owners globally, the firm’s Research & Information team wrote that “despite macroeconomic hurdles,” namely high inflation, conflict in Europe, on-chain disruptions of supply and the lingering effects of the Covid-19 pandemic:
Cryptocurrency adoption in 2022 achieved new milestones, with the number of cryptocurrency owners reaching 425 million (December 2022).
The total number of cryptocurrency owners worldwide grew by 39%, from 306 million to 425 million during the year, the report explains.
The report also highlights the number of bitcoin and ethereum owners, stating:
bitcoin (BTC) owners grew 20%, from 183 million in January to 219 million in December, representing 52% of global owners.
The strongest growth for bitcoin ownership in 2022 occurred in April when the Central African Republic (CAR) became the second country to adopt the cryptocurrency as legal tender after El Salvador, the report notes. Furthermore, global investment bank Goldman Sachs, which offered its first BTC-backed loan in the same month, showed “further signs of increased interest in cryptocurrencies from Wall Street institutions,” the research team detailed. Crypto.com.
Meanwhile, “Ethereum (ETH) owners grew 263%, from 24 million in January to 87 million in December, representing 20% of global owners,” the report continues, adding that “the main catalyst behind the high growth rate of Ethereum adoption was The Merge.” Furthermore, the research team noted that “Ethereum’s monthly growth rates were higher than Bitcoin’s for the entire year except April.”
Another company that recently estimated the number of cryptocurrency owners globally is Triple A. The firm wrote: “As of 2023, we estimate global cryptocurrency ownership rates to average 4.2%, with more than 420 million of cryptocurrency users around the world.
What do you think about the number of cryptocurrency owners globally reaching 425 million? Let us know in the comments section.
image credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or a solicitation of an offer to buy or sell, or a recommendation or endorsement of any product, service or company. bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
