A recent report reveals that global cryptocurrency usage is approaching 7.51% of the population, projecting this could rise above 8% by 2025.
This growth reflects a shift in crypto from a niche market to a more accepted element of mainstream finance, largely driven by increasing institutional involvement.
This report from Matrixport emphasizes how financial giants, like BlackRock, have helped legitimize digital assets, boosting trust within traditional finance. 10x Research’s Markus Thielen commented that the introduction of new financial products tied to Bitcoin often leads to price increases, hinting that upcoming Bitcoin spot ETF options could spark renewed institutional interest.
Bitcoin’s significance as a store of value becomes particularly apparent during economic uncertainty. Thielen noted that historical economic challenges, including the European debt crisis and the depreciation of the yuan, have spurred demand for Bitcoin. He warned that rising U.S. debt could similarly drive interest in Bitcoin if economic conditions weaken.
Despite these positive trends, the report also highlights challenges to crypto adoption, such as regulatory hurdles, market volatility, and risks to retail investor security. Threats from hacks and scams remain prevalent, and the entry of institutional investors could amplify market fluctuations. This is especially true during times like this where the global economic and political climate is so uncertain.
PayPal has expanded its stablecoin, PayPal USD (PYUSD), to the Arbitrum network, marking a key step in its strategy to integrate with faster, more cost-efficient blockchain infrastructure.
Citigroup is evaluating the potential launch of its own U.S. dollar-backed stablecoin, signaling a growing shift in sentiment among traditional financial institutions toward digital assets.
JPMorgan Chase CEO Jamie Dimon remains skeptical of stablecoins—but says ignoring them isn’t an option for the world’s most powerful bank.
According to crypto analyst Atlas, the traditional four-year cycle that once defined Bitcoin and altcoin market behavior is now obsolete.