
Cryptocurrency market volume will reach
$ 184 million by 2024
Recently experts have published a paper entitled “The Cryptomatics Market: Forecasts for 2019 - 2024”💰
According to this work, the growth rate of the cryptocurrency market will increase by 47%. As a result, in four years, the sector will count for
$ 183.7 mln. At the same time, in 2017, this indicator was only 18.5 mln.
According to analysts, today the industry is constrained only by the lack of
regulation.
However, in the near future this problem can be solved. As previously reported, representatives of the European Union said that in 2019 the regulation of cryptocurrency and
blockchain will be one of the priority tasks. In addition, the US Securities and Exchange Commission recently issued a license to the cryptocurrency exchange
Bitmain. It became the nineteenth sector company in New York, which received
official permission to operate. It is also planned to bring the market out of the shadows in the CIS countries and other parts of the world.
According to the study authors, North America and Europe are currently the
leaders in the industry, where they are actively introducing blockchain and are increasingly paying with cryptocurrency. At the same time, experts expect an increase in demand for cryptocurrency ATMs in the Asia-Pacific region, where the popularity of digital money, especially bitcoins, is now
growing.