According to research by BCG, Bitget, and Foresight Ventures, cryptocurrency is still in the early stages of adoption and will continue to grow rapidly, especially in APAC and Latin America.
According to a joint analysis by Bitget, Foresight Ventures, and Boston Consulting Group (BCG), acceptance of cryptocurrencies is still in its infancy and will continue to grow, particularly in Latin America and the Asia Pacific (APAC) regions.
What Does the Future Hold for Crypto Exchanges? is a paper that looks at the development trajectory of cryptocurrency adoption and the locations with the most potential for it. The authors estimate that the market value of all crypto transactions worldwide was $54 trillion in 2021 and has substantial potential for future growth.
According to the report, the adoption of cryptocurrencies is still in its very early stages. In contrast to the 25% of personal wealth that is kept in equities and stocks, BCG predicts that approximately 0.3% of personal wealth is retained in crypto assets.
Regarding the impending spike in adoption, Blockware likewise came to the same result in another investigation.
The authors come to the following conclusion: Hedge Funds and Venture Capitals are the parties most interested in cryptocurrency, and institutional interest in it is growing.
The research also adds that the “real crypto holdings will be many times greater after token appreciation since the investments” as institutional players increased their stakes by double to $70 billion last year.
According to the research, the S&P returned 29% in 2021 compared to Bitcoin’s 62%.
The research names LatAm and the developed countries of APAC as having the most potential for crypto expansion.
A third of global spot trading volumes and almost 40% of global derivative trading volumes were conducted in developing economies and advanced APAC nations in 2021. The research predicts that these areas will use derivatives markets starting in 2022.
