The Cryptocurrency industry could hit 1 billion users by the end of 2025 according to Bitcoin Analyst Willy Woo.
According to CoinTelegraph, Willy Woo took to his X platform to post his postulations and the parameters that he used to make his prediction.
Willy Woo, who presented a chart showcasing his prediction was replied to by Daniel Batten, investor and author of the Bitcoin ESG Forecast.
Batten said Woo’s chart was the first comprehensive model aiming to map out all existing crypto asset users and to predict the first billion adopters.
The chart presents crypto users as unique entities that have completed their Know Your Customer (KYC) verification and have previously transacted on the blockchain.
Reaching the first billion users of cryptocurrency has been recognized as a major milestone in the crypto world. The news could spur mainstream crypto adopters to input fresh capital into the market resulting in the appreciation of digital asset prices.
Willy Woo’s chart is the first major prediction of when crypto users will hit the 1 billion mark this year.
In a 2022 joint report, the world’s largest management consulting firm, Boston Consulting Group, along with Bitget and Foresight Ventures, is estimated to reach the first billion crypto users by 2030.