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Recent projections by Lunu CEO, Pavlo Denysiuk suggest that the number of crypto holders worldwide could triple within the next two years, potentially pushing global adoption past the one billion user mark by 2026.
Speaking at NFT Fest 2024, Denysiuk said, “Within two years, there will be at least two or three times more cryptocurrency holders worldwide. This will lead to wider adoption for payments too.”
According to the 2024 Crypto Ownership report by Triple-A, around 560 million people currently own cryptocurrencies, which is about 6.8% of the world’s population.
Denysiuk believes that for cryptocurrencies to be widely accepted for payments, the right infrastructure must be in place.
“It’s not something that you need to convince someone of. Whenever the infrastructure is there, whenever you come to your Starbucks shop or somewhere else and there is a sticker saying ‘we accept crypto’ – it’s just another payment method.” He explained,
Moreover, stablecoins are expected to play a major role in facilitating this transition. The stablecoin market is currently valued at over $163 billion, making up 7.6% of the total cryptocurrency market.
Also Read: Bitcoin Can Boost US Dollar Strength: Senator Lummis
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