Posted on January 21, 2023
Crypto adoption reached new milestones in 2022, with the number of crypto owners reaching 425 million during the year, according to a new report from Crypto.com. Additionally, the report reveals that the number of bitcoin owners reached 219 million in December while the number of ether owners reached 87 million.
Cryptocurrency adoption takes new steps
Crypto.com published a report titled “Crypto Market Sizing” for the year 2022 last week. The company explained that its analysis is based on a combination of Bitcoin and Ethereum on-chain data, survey analysis and its own internal data.
Regarding the total number of crypto owners worldwide, the company’s Research and Insights team wrote that “despite the macro headwinds” namely high inflation, conflict in Europe, disruptions in the supply chain and the lingering effects of the Covid-19 pandemic:
Crypto adoption in 2022 has reached new milestones, with the number of crypto owners reaching 425 million (Dec 2022).
The total number of crypto owners worldwide increased by 39% from 306 million to 425 million during the year, the report said.
The report also highlights the number of bitcoin and ethereum owners, stating:
bitcoin (BTC) owners increased by 20%, from 183 million in January to 219 million in December, representing 52% of global owners.
The strongest growth in bitcoin ownership in 2022 occurred in April when the Central African Republic (CAR) became the second country to adopt cryptocurrency as legal tender after El Salvador, notes the report. In addition, the global investment bank Goldman Sachs the offering of its first BTC-backed loan in the same month showed “further signs of heightened interest in crypto from Wall Street institutions,” the Crypto.com research team detailed. .
Meanwhile, “Ethereum (ETH) owners increased by 263%, from 24 million in January to 87 million in December, representing 20% of global owners,” the report continues, adding that “the main driver of the high rate of adoption growth of Ethereum was The Merge”. Additionally, the research team pointed out that “Ethereum’s monthly growth rates were higher than Bitcoin’s throughout the year except April.”
Triple A is another company that recently estimated the number of crypto owners around the world. The company wrote, “In 2023, we estimated global crypto ownership rates to average 4.2%, with over 420 million crypto users globally.