Increasing Use of Cryptocurrency and Blockchain Will See Global Market Hit Over

[Tnoy30]

As the use and adoption of blockchain, the underlying technology behind bitcoin, continues to grow in different sectors, the global market is estimated to hit around $30.7 billion by 2027.

The growth is triggered by the Coronavirus pandemic. As per the new report by Research and Markets, the use of cryptocurrency has grown by about 90.96% ever since it has started.

The global blockchain tech market size was standing at about $3.67 billion in 2020 and was projected to grow with a compound annual growth rate (CAGR) of 82.4% from 2021 to 2028, but due to different factors including lack of regulation and Covid-19 pandemic. The new CAGR is 43% that will trigger the global blockchain market value to overcome $30 billion in 6 years.
Source: Increasing Use of Cryptocurrency and Blockchain Will See Global Market Hit Over $30B by 2027