Total cryptocurrency owners reached 425 million at the end of 2022, from 306 million at the end of 2021.
Bitcoin and Ethereum Show Strong Growth
The number of Bitcoin (BTC) owners increased from 183 million in January to 219 million in December, representing a 20% increase. Additionally, Ethereum (ETH) owners grew by a whopping 263%. ETH's growth in May 2022 was likely driven by the NFT (non-fungible token) hype.
Industry Growth Expected to Rise
Although 2022 was a disappointing year in monetary growth, Crypto.com's study shows that adoption is steadily increasing. Moreover, the industry's growth is only expected to rise in the coming years.