Cryptocurrency adoption has steadily increased over the years, with both individuals and institutions claiming a share in this growing ecosystem. According to the most recent crypto ownership survey by Finbold, 10.2% of the global population using the internet own some form of cryptocurrency. Most of this growth was attracted to the ecosystem between 2020 and 2021 when the crypto market rallied to new all-time highs.
Institutional Adoption: The Next Big Wave!
While the hype from the previous bull market has long since cooled down, some interesting trends have emerged that are worth keeping tabs on. Most notably, institutions are showing an increasing interest in cryptocurrency. A recent report by The Block revealed that 52% of Fortune 500 companies have, at one point, pursued Web3 initiatives.
We know, we know….. The old song of “the institutions are coming” has been sung again and again since the first BTC ETF application was filed by the Winklevoss twins a decade ago. Ever since then, it has been a sport for crypto participants to speculate when the inevitable moment would arise when institutions would flock to the ecosystem in fear of being left out.
Dette er en (+) artikkel.
På Investornytt kan du orientere deg og få innsikt i alle markeder.
