Crypto adoption achieved new milestones in 2022, with the number of crypto owners reaching 425 million during the year, a new report by Crypto.com shows. Moreover, 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 Achieves New Milestones
Crypto.com published a report titled “Crypto Market Sizing” for the year 2022 last week. The company explained that its analysis is built on a combination of Bitcoin and Ethereum on-chain data, survey analysis, and its own internal data.
Regarding the total number of global crypto owners, the firm’s Research and Insights team wrote that “in spite of macro headwinds,” namely high inflation, the conflict in Europe, supply chain disruptions, and lingering effects of the Covid-19 pandemic:
Crypto adoption in 2022 achieved new milestones, with the number of crypto owners reaching 425 million (December 2022).
The overall number of crypto owners worldwide grew by 39% from 306 million to 425 million during the year, the report elaborates.
The report also highlights the number of bitcoin and ethereum owners, stating:
Bitcoin (BTC) owners grew by 20% from 183 million in January to 219 million in December, accounting for 52% of global owners.
The strongest growth for bitcoin ownership in 2022 happened in April when the Central African Republic (CAR) became the second country to adopt the cryptocurrency as legal tender after El Salvador, the report notes. In addition, global investment bank Goldman Sachs offering its first BTC-backed loan in the same month showed “further signs of increased interest in crypto from Wall Street institutions,” the Crypto.com research team detailed.
Meanwhile, “Ethereum (ETH) owners grew by 263% from 24 million in January to 87 million in December, accounting for 20% of global owners,” the report continues, adding that “the main catalyst behind Ethereum’s high adoption growth rate was The Merge.” Further, the research team pointed out that “Ethereum’s monthly growth rates were higher than that of Bitcoin’s during the whole year except in April.”
Another company that recently estimated the number of global crypto owners is Triple A. The firm wrote: “As of 2023, we estimated global crypto ownership rates at an average of 4.2%, with over 420 million crypto users worldwide.”
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Kevin Helms
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