Worldwide Bitcoin Industry Expected to Reach $132.9 Billion by 2030 – ResearchAndMarkets.com

Worldwide Bitcoin Industry Expected to Reach 2.9 Billion by 2030 – ResearchAndMarkets.com


Dublin – (work wire)–The “Bitcoin Market Size, Stock Analysis Report and Trend by Application (Exchanges, Transfer Services, Payment and Wallet), by End Use (BFSI, E-commerce, Media and Entertainment), by Region, and Sectors Forecast, 2022-2030” Report added to ResearchAndMarkets.com Show.

The global bitcoin market size is expected to reach $132.91 billion by 2030, with a compound annual growth rate of 26.2% from 2022 to 2030, according to this study.

mentioned companies

  • Blockstream Corporation Inc.

  • Coinbase Inc.

  • Coinfy ApS

  • Unocoin Technologies Pvt Limited.

  • Bitstamp Ltd.

  • itBit Trust LLC

  • Blockchain Luxembourg SA

  • Kraken (Payward Inc.)

  • BitPay Inc.

  • Plutos Financial Corporation (APRA)

The increasing acceptance of cryptocurrencies globally, due to the many benefits associated with them, such as decentralization and ease of exchange, is expected to drive the Bitcoin market during the forecast period. In addition, the high focus of payment service providers on providing better payment solutions is fueling the expansion of the industry.

Market players are investing in developing new and innovative products to create the Bitcoin market. For example, in June 2022, Proshares, an issuer of exchange-traded funds (ETFs), introduced the first short Bitcoin-linked ETF. It is specifically designed to help investors take advantage of price drops in cryptocurrencies.

Several cryptocurrency exchanges are expanding their operational reach to seize the opportunity to capture the growing market for Bitcoin and cryptocurrencies. For example, in March 2022, Coinbase planned to expand its presence in European markets, which is in line with its two-pronged growth strategy.

In 2020, the COVID-19 pandemic led to the global economic crisis, which greatly contributed to the growth of the Bitcoin market. The outbreak led to a financial crisis that devalued the currency. On the other hand, a significant rise in the trading volume of Bitcoin was observed during the significant depreciation of the currency. In times of crisis, residents are turning to safe assets, and bitcoin trading is booming.

Bitcoin Market Report Highlights

  • The exchange segment is expected to dominate during the forecast period due to the large volumes traded on exchanges every day and the growing popularity of bitcoin as an alternative investment option.

  • The BFSI segment is expected to dominate the market during the forecast period. The rapid adoption of cryptocurrencies among financial institutions due to unique opportunities such as the revolution in payment services is expected to drive growth

  • The Asia Pacific regional market is expected to witness the fastest compound annual growth rate (CAGR) during the forecast period. The growing proliferation of crypto-based startups and decentralized finance (Defi) projects in countries such as Singapore and the Philippines is expected to boost regional growth.

Main topics covered:

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

Chapter 3 Bitcoin Industry Outlook

3.1 Market segmentation and scope

3.2 Market size and growth prospects

3.3 Bitcoin – Value Chain Analysis

3.4 Bitcoin Market – Market Dynamics

3.4.1 Market Driver Analysis

3.4.1.1 Using Bitcoin as a medium of exchange

3.4.1.2 Bitcoin’s Leading Position

3.4.2 Market Challenge Analysis

3.4.2.1 Regulatory concerns

3.5 Mapping Penetration and Growth Prospects

3.6 Bitcoin Market – Porter’s Five Forces Analysis

3.7 Petocin Market – Pestel Analysis

Chapter 4 Investment Landscape Analysis

4.1 Investor Strategies

4.2 Investor vision and objective analysis

4.3 Pooled Funding for Voice Assistants

4.4 Investments made in self-checkout stores

Chapter 5 Bitcoin Application Predictions

Chapter 6 Bitcoin End Use Predictions

Chapter 7 Regional Bitcoin Predictions

Chapter 8 Competitive Analysis

8.1 Recent developments and impact analysis, by key market participants

8.2 Company rating

8.3 Vendor View

8.3.1 Analysis of the company’s main market share, 2021

8.4 Company Analysis Tools

8.4.1 Analysis of the company’s position in the market

8.4.2 Competitive Dashboard Analysis

Chapter 9 Competitive Scene

For more information about this report visit https://www.researchandmarkets.com/r/y7gyw0



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