Despite the dark year in 2022, the number of cryptocurrency owners is increasing

Despite the dark year in 2022, the number of cryptocurrency owners is increasing


The number of cryptocurrency holders will reach 425 million in 2022, a 39% year-over-year increase, according to Crypto.com research.

Despite the catastrophic year 2022 for the entire crypto industry, it ends with a record number of crypto users. It is now 425 million worldwide, up 39% in one year, according to a reading of the Crypto.com exchange platform.

In fact, 425 million people are about 5% of the world’s population.

“Cryptocurrency adoption has reached a new milestone […] despite major economic headwinds including high inflation, conflicts in Europe, supply disruptions as well as the ongoing impact of the Covid-19 pandemic,” the study said.

Bitcoin and ether for power

The study notes a 20% increase in bitcoin owners, from 183 million in January 2022 to 219 million in December of the same year. In turn, ether owners increased by 263%, from 24 million in January to 87 million in December.

“The primary driver of Ethereum’s high rate of adoption growth was The Merge, which marked the completion of the network’s transition from proof-of-work to proof-of-stake,” the study shows.

As a result, despite this terrible year for industrial disasters in the sector, we are witnessing a significant increase in consumption. Here, we have proof that the drastic correction in the price of cryptocurrency and the sweeping structures that the sector has suffered, between the ecosystem Terra Luna, Three Arrow Capital, FTX and now the bankruptcy of Genesis, n have not stopped potential investors.

However, growth is still much lower than expected. In its 2021 report, Crypto.com, which saw a 185% increase in users over 12 months, was confident that growth trends would allow it to hope to reach one billion users by the end of last year. We are still far away, but facing the turmoil of 2022, we can say that cryptocurrencies continue to attract and have not disappointed customers in any way.

Antoine Larigaudrie edited by PA