The number of cryptocurrency holders in the world has exceeded 425 million

Experts from Crypto.com have released a report for 2022. Analysts reported that despite the bearish sentiment in the industry, the number of cryptocurrency asset holders in the world has increased from 306 million to 425.

425 ???

That’s how many cryptocurrency owners there were by the end of 2022; with the market growing 39% year on year.

the #CROFam has also continued to grow, now at over 80 million strong.

Get all the details:https://t.co/2F2IQBTWT9 pic.twitter.com/CDsI4tYIIm

— Crypto.com (@cryptocom) January 19, 2023

The researchers noted that the number of owners of the flagship cryptocurrency BTC $95,976.75 Bitcoin -0.95% Market capitalization $1.9 trillion VOL. 24 hours $2.36 billion has increased by 20% - from 183 million users to 219 million. As for Ethereum ETH $3,335.71 Bridged Ether (StarkGate) -1.39% Market capitalization $0.3 billion VOL. 24 hours $1.42 billion , the growth of virtual coin holders soared by as much as 263%.

As of January 2022, 24 million users owned the leading altcoin, and in December their number increased to 87 million. According to experts, the main catalyst for the high loyalty to Ethereum was the long-awaited merger of networks — The Merge. Thanks to this, the blockchain finally switched from the Proof-of-Work consensus algorithm to Proof-of-Stake. As a result, the amount of carbon dioxide (CO2) emitted into the atmosphere through Ethereum transactions has decreased by 99.99%.

In addition, Crypto.com noted an increase in user interest in the decentralized finance (DeFi) sector. Investors are attracted by the opportunity to engage in ethereum staking and receive guaranteed passive income. «Although the cryptocurrency market experienced serious problems last year, the growth in the number of cryptocurrency holders shows that we are coming out of the crisis,» said Chris Marsalek, CEO of Crypto.com.

Cryptocurrency trader Credible recently predicted record growth for bitcoin. According to him, the flagship cryptocurrency has managed to overcome the «key psychological resistance» at $ 20,000. The expert is confident that bitcoin’s growth above $ 21,500 will signal a new bull market. If the positive dynamics continue, the main cryptocurrency may reach a new all-time high in the coming months.