<center><img src="https://i.imgur.com/28tYHLh.png"/></center>

[source](https://www.statista.com/statistics/1202503/global-cryptocurrency-user-base/)
**Figures depicting the crypto user base (verified so must be KYC) up until December 2021.**

I was reading a report from Crypto.com earlier today suggesting the number of crypto users globally would break the 1 billion barrier. If that does happen then that is going to break all existing records. Between 2018 and 2021 crypto saw a 180% growth in crypto wallets. The 1 billion barrier to be broken means we will need a 300 % plus growth this year.

Price is everything when it comes to new users being attracted which is kind of the reverse thinking of any investor who knows what they are doing.
<center><img src="https://i.imgur.com/WcuyCrk.png"/></center>

[source](https://www.statista.com/statistics/1206516/global-cryptocurrency-app-downloads/)

This graph shows us how price has a direct impact on users being attracted to crypto the spikes are 2017 and 2021. Any users on Hive back in 2017 know price drove people to join the blockchain to take advantage of the price frenzy taking place.

For crypto to achieve a 3 x growth of it's user base we need some fireworks to happen this year and I am not saying it is impossible as we know how adoption happens over time. Bitcoin will need to produce some magic price wise if this figure will even get close. The scaling effect will happen at some point when the user base is big enough to attract those not involved. This is a numbers game of those involved and those who are not. Masa adoption does increase fairly rapidly once this scaling effect takes hold. 

If it took 3 years to do a 180% growth then with the right conditions ie price action then doubling from where we are today would be something to behold. The countries who are contemplating making Bitcoin a legal tender and joining El Salvador this year or next year will definitely help rack up the numbers.

<center><img src="https://files.peakd.com/file/peakd-hive/cryptoandcoffee/Eo4A6AMJmx2rawXvr26wQJeGy7jXCBdC28eVwLv8SAdQ4TFp4e1DWy2AkVkUBi3F9hS.webp"/.</center>

[source](https://www.moneycontrol.com/news/business/companies/in-charts-growth-of-the-crypto-tech-market-in-india-7513551.html)
Having a clear and precise regulation on crypto is not what we want to hear or see but it will drive the masses into crypto. One has to just look at a country like India to understand the enormity and possibilities out there towards growth. Ever since the Government lifted bans on crypto the entire industry has blossomed into a major industry.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@cryptoandcoffee/crypto-user-base-doing-a-3x-in-2022-according-to-crypto-com-stats)