Global Bitcoin Industry Set To Hit $132.9 Billion By 2030 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Bitcoin Market Size, Share, and Trend Analysis Report by Application (Exchanges, Remittance Services, Payment, and Wallet), By End Use (BFSI, E-Commerce, Media, and Entertainment) , by Region and Segment Forecast, Report 2022-2030” has been added to from ResearchAndMarkets.com offer.

The global bitcoin market size is expected to reach USD 132.91 billion by 2030, growing at a CAGR of 26.2% from 2022 to 2030, according to this study conducted.

Companies cited

  • Blockstream Corporation Inc.

  • Coinbase Inc.

  • Coinfy ApS

  • Unocoin Technologies Pvt Limited.

  • Bitstamp Ltd.

  • itBit Trust Company LLC

  • Blockchain Luxembourg SA

  • Kraken (Payward Inc.)

  • Bit Pay Inc.

  • Plutus Financial Inc. (ABRA)

The growing acceptance of cryptocurrencies around the world due to the many advantages associated with them such as decentralization and ease of exchange is expected to boost the bitcoin market during the forecast period. Moreover, the focus of payment service providers on providing better payment solutions is driving the expansion of the industry.

Market players are investing in the development of new and innovative products to establish the Bitcoin market. For example, in June 2022, Proshares, an exchange-traded fund (ETF) issuer, launched the first-ever Bitcoin-linked short ETF. It is specifically designed to help investors take advantage of cryptocurrency price declines.

Several crypto exchanges are expanding their operational reach to seize the opportunity to capture the growing Bitcoin and cryptocurrency market. For example, in March 2022, Coinbase planned to expand its presence in European markets, which is in line with the two-pronged growth strategy.

In 2020, the COVID-19 pandemic led to the global economic crisis, which significantly contributed to the growth of the bitcoin market. The epidemic led to a financial crisis, which led to a devaluation of the currency. On the other hand, a peak in the trading volume of Bitcoin was observed during the significant devaluation of the currency. In times of crisis, residents turn to safe assets and Bitcoin trading resumes.

Bitcoin Market Report Highlights

  • The exchange segment is expected to dominate over the forecast period owing to the large volumes traded daily on the exchanges and the growing popularity of bitcoin as an alternative investment option.

  • BFSI segment is expected to dominate the market over the forecast period. Rapid adoption of cryptocurrencies by financial institutions due to unique opportunities such as the payment services revolution is expected to drive growth

  • The Asia-Pacific regional market is expected to witness the fastest CAGR during the forecast period. The growing prevalence of crypto-based startups and decentralized finance (Defi) projects in countries such as Singapore and the Philippines is expected to drive regional growth

Main topics covered:

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

Chapter 3 Bitcoin Industry Outlook

3.1 Market Segmentation and Scope

3.2 Market Size and Growth Prospects

3.3 Bitcoin – Value Chain Analysis

3.4 Bitcoin Market – Market Dynamics

3.4.1 Market Driver Analysis

3.4.1.1 Use of Bitcoin as a medium of exchange

3.4.1.2 The pioneer status of Bitcoin

3.4.2 Market Challenges Analysis

3.4.2.1 Regulatory concerns

3.5 Mapping Penetration and Growth Prospects

3.6 Bitcoin Market – Porter’s Five Forces Analysis

3.7 Bitocin Market – PESTEL Analysis

Chapter 4 Investment Landscape Analysis

4.1 Investor strategies

4.2 Analysis of investors’ vision and objectives

4.3 Funding raised in voice assist devices

4.4 Investments made in self-service stores

Chapter 5 Bitcoin Application Outlook

Chapter 6 Bitcoin End-Use Prospects

Chapter 7 Bitcoin Regional Outlook

Chapter 8 Competitive Analysis

8.1 Recent Developments and Impact Analysis, by Major Market Players

8.2 Company categorization

8.3 Supplier Landscape

8.3.1 Key Company Market Share Analysis, 2021

8.4 Business analysis tools

8.4.1 Company Market Position Analysis

8.4.2 Competitive Scorecard Analysis

Chapter 9 Competitive Landscape

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Global Bitcoin Industry Set To Hit $132.9 Billion By 2030 – ResearchAndMarkets.com


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