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New report shows 30% annual growth for the cryptocurrency market through 2026

June 9, 2020

A new report for the cryptocurrency market analyzes historical and current trends in the cryptocurrency industry and then points out the forecasts that can be expected in the cryptocurrency market in the coming years.

This study shows that the global cryptocurrency market was around $ 792.53 million in 2019. The market is expected to grow at an average annual growth rate of 30% and will reach $ 5,190.62 million by 2026.

The cryptocurrency market report analyzes and reports industry statistics globally, regionally and nationally to get a comprehensive overview of the entire cryptocurrency market.

New report shows 30% annual growth for the cryptocurrency market through 2026New report shows 30% annual growth for the cryptocurrency market through 2026

The regional segmentation of the cryptocurrency industry spans the entire ranking of all major continents, including North America, Latin America, Europe, Asia-Pacific, the Middle East and Africa.

Projected trends for crypto 2020-2026

The historical and past perspectives from 2016 to 2019 are also provided. While the forecast trends for 2020 will be delivered by 2026.

This report covered all of the industry’s proven analytical models and tools, and illustrates in detail all of the key trading strategies and business models used in the cryptocurrency industry. It also turned out that Bitcoin was the market leader in 2019 with more than USD 300 million, which is due to the capitalization in the crypto market.

Minimum exchange rates with Bitcoin and cryptocurrencies

Keep in mind that cryptocurrencies generally offer minimal exchange rates. Blockchain technology helps in the execution of financial transactions, allows all kinds of changes by improving the speed of transaction processing and making real-time processing more efficient.

Blockchain offers a robust environment for secure data exchange in real time. This could boost the cryptocurrency market for years to come. The legal status of the cryptocurrency varies widely from country to country and is still undefined or changing in many of them. Although some countries have expressly permitted their use and trade, others have prohibited or restricted it.

Obstacles to Bitcoin

However, Numerous government agencies, courts and departments have categorized Bitcoin differently. These parameters can hinder the growth of the market. In addition, the lack of awareness of cryptocurrency and Bitcoin has been a problem due to the ban on advertising on digital channels, so that the multiplication of cryptos takes place on a larger scale.

The report also detailed that the mining segment had a significant overall market share of nearly 65% ​​in 2019 and is expected to grow in the coming years due to the provision of specific hardware solutions for cryptocurrency mining.

Other highlights of the report

Other aspects to be highlighted according to the analysis are that the real estate category is expected to grow in the coming years due to the transformation in the financial sector. By providing real estate solutions, cryptocurrencies will make crypto more real in the minds of consumers.

On the other hand, the mining segment should continue to show profitable growth in the coming years. Crypto miners are moving to more profitable countries. What the report shows means that countries are focusing on lowering taxes and improving legal requirements for businesses, which will become an important trend in the market.

In short, cryptocurrencies are much safer and faster when making transactions. Banks or other agencies cannot devalue money. The money is kept safe in the cryptocurrency. With all of these parameters, the cryptocurrency market is expected to rise over the forecast period, according to a recent Bloomberg report, that Bitcoin may be preparing to release a $ 20,000 value.