A report by Boston Consulting Group showed that the shallow penetration in crypto shows that it’s still early in the adoption curve.
by BCG, Bitget and Foresight Ventures, data shows that compared to traditional investment assets, crypto adoption is still very low. According to BCG, only 0.3% of individual wealth is invested in crypto.
The report shows that it's incomparable to the 25% that is put into equities. Because of the data, the report concluded that the shallow penetration in terms of investment means that there is still a lot of room for more substantial growth and adoption within the crypto industry. Apart from this, the report also compared the internet’s adoption curve to 1 billion users to current cryptocurrency holders, and Ethereum addresses with non-zero balances. With this, the report mentioned that"there is plenty of growth to come."
It’s a very common sentiment for people outside of the crypto community to look at Bitcoin prices and make a conclusion that it’s too late to get into crypto. However, a report shows that the industry is still at the beginning phase of the adoption curve.By comparing the data that they have, the researchers were able to predict that by 2030, crypto users may reach 1 billion if the trendline continues in its course.
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