Home Cryptocurrency The Worldwide Bitcoin Industry is Expected to Reach $132.9 Billion by 2030 – ResearchAndMarkets.com

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

by Lottar

DUBLIN–(BUSINESS THREAD)–The “Bitcoin Market Size, Share and Trend Analysis Report by Application (Exchanges, Remittance Services, Payment and Wallet), by End Use (BFSI, E-Commerce, Media and Entertainment), by Region and Segment Forecasts, 2022-2030 ” report has been added ResearchAndMarkets.com’s sacrifice.

The global bitcoin market size is expected to reach $132.91 billion by 2030, growing at a CAGR of 26.2% from 2022 to 2030, according to this study.

Companies mentioned

  • Blockstream Corporation Inc.

  • Coinbase Inc.

  • Coinfy ApS

  • Unocoin Technologies Pvt Ltd

  • Bitstamp Ltd.

  • itBit Trust Company LLC

  • Blockchain Luxembourg SA

  • Kraken (Payward Inc.)

  • BitPay Inc.

  • Plutus Financial Inc. (ABRA)

The growing adoption of cryptocurrencies globally, due to its numerous benefits such as decentralization and ease of exchange, is expected to drive the bitcoin market over the forecast period. Moreover, the payment service providers’ significant emphasis on delivering better payment solutions is promoting the industry’s expansion.

Market players are investing in new and innovative product development to establish the Bitcoin market. For example, in June 2022, Proshares, an issuer of exchange-traded funds (ETFs), launched the first ever short Bitcoin-linked ETF. It is specifically designed to help investors take advantage of price declines in cryptocurrency.

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

In 2020, the COVID-19 pandemic led to the global economic crisis, which significantly contributed to the growth of the bitcoin market. The outbreak led to a financial crisis, which led to currency devaluation. On the other hand, an increase in Bitcoin trading volume was observed during the significant currency devaluation. In times of crisis, residents move to safe assets, and the Bitcoin trade increases.

Bitcoin Market Report Highlights

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

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

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

Key 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 Use of Bitcoin as a medium of exchange Bitcoin’s pioneering status

3.4.2 Market Challenge Analysis Regulatory concerns

3.5 Penetration and Growth Prospects Mapping

3.6 Bitcoin Market – Porter’s Five Forces Analysis

3.7 Bitocin Market – PESTEL Analysis

Chapter 4 Investment landscape analysis

4.1 Investor Strategies

4.2 Investor Vision & Objective Analysis

4.3 Funding raised in voice assistant devices

4.4 Investments made in Self-Checkout Stores

Chapter 5 Bitcoin Application Outlook

Chapter 6 Bitcoin End Use Outlook

Chapter 7 Bitcoin Regional Outlook

Chapter 8 Competitive Analysis

8.1 Recent developments and impact analysis, by key market participants

8.2 Company Categorization

8.3 Seller Landscape

8.3.1 Key Company Market Share Analysis, 2021

8.4 Company Analysis Tool

8.4.1 Company market position analysis

8.4.2 Competitive Dashboard Analysis

Chapter 9 Competitive landscape

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

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