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This is Cryptos next BIG growth market..!

by , 08 March 2022
This is Cryptos next BIG growth market..!
880% growth in 2021...

That's how much worldwide crypto adoption grew last year.

What was behind this meteoric rise?

As I've written before, a major driver was an influx of institutional investment into the crypto world.

But that's not the whole story.

There's another driving force that is pushing the price of crypto assets upwards, and one that could continue to do so in the long term.

The developing world…
There are many crypto investors and traders, but there also millions of people using cryptocurrency worldwide.

For many, crypto serves as a store of wealth, a means of transferring money easily across borders, because their domestic financial system isn’t up to scratch.

So which countries are seeing the biggest relative uptake in cryptocurrency?
Vietnam tops the list, followed by India. Pakistan, Ukraine, and Kenya. In fact, all but one of the top 20 countries in the world for cryptocurrency adoption are considered emerging markets, or developing countries.

And that matters because emerging and frontier markets will soon become the engine for global growth.

By 2030, the world population is forecast to grow to around 8.5 billion. Around 98% of that growth will be driven by the developing world.

And the developing world will account for 60% of the world’s GDP by 2030, according to the Organisation for Economic Development (OECD).

Why the Crypto Universe is set to balloon like nothing before
Over the next year, the crypto market is set to undergo two powerful shifts that could change it forever.

Changes we believe will trigger the biggest and quickest financial run up in history.

Discover what these two trigger points are here.

So why is crypto so popular in the developing world?
For one…Remittances.

Many people have relatives living abroad, of which many moved there for work.

Remittances – money sent from an individual living abroad to their home country – are a lifeline for millions of people across the world – especially countries in turmoil.

For example, El Salvador, which recently became the first country in the world to accept bitcoin as legal tender, allows its citizens to save around $400 million per year in remittance fees by using cryptocurrency.

One study of African countries found that for every 1% of remittances to GDP, a country’s GDP subsequently grew by an average of 0.4%. And in some countries, such as Lebanon and Haiti, remittances make up around 30% of the entire economy.  

Secondly, many developing countries have weak currencies. People don’t feel like their money is safe in their local currency.

And finally, developing countries have huge “unbanked” populations. In fact, around 1.6 billion people worldwide lack access to savings accounts, loans, and mortgages.

Cryptos provide people with the services that banks will not.

In short, emerging and frontier markets will be a huge driver of cryptocurrency usage for many years to come. And in doing so, may propel prices to new heights.

PS.  We believe 2022 could be another big year for crypto, thanks to 2 key catalysts.  We think there are two next gen cryptos that stand to profit as a result.  And we believe they could be even bigger than Bitcoin.  Read our latest research here.

This is Cryptos next BIG growth market..!
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