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The number of cryptocurrency users is increasing around the world. According to TripleA data, the average global crypto ownership rate as of May 2023 is estimated at 4.2%. There are more than 420 million crypto users worldwide, including 100 million in India, 58 million in China, 45 million in the United States, and 20 million in Vietnam.
The adoption of cryptocurrencies is increasing on a global scale. As of 2023, there are more than 420 million crypto users worldwide, and the global crypto ownership rate is estimated at an average of 4.2%.
Over time, the number of crypto users is also increasing. Between 2015 and 2023, the price of Bitcoin increased by over 173,000. Bitcoin reached an annual growth rate of 60% in 2021. The cryptocurrency market is projected to grow at a compound annual growth rate of 56.4% from 2019 to 2025.
The world's leading brands are taking more and more steps to accept crypto payments. Cryptocurrency usage is increasing across industries. Over 85% of merchants in the US consider enabling crypto payments a high priority. Merchants accepting crypto payments average 327% ROI and see up to 40% increase in their customer base. Customers using cryptocurrencies spend more than the average customer and spend an average of $250 more per transaction.
The global luxury goods market is expected to grow from US$1.2 trillion to US$1.4 trillion by 2025, with millennials representing 50% of the total market.
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