Cryptocurrency adoption has reached 300 million users, nearly double the triple-digit speed of the Internet and mobile phones. What are the factors behind this rapid adoption?

According to a hadith He studies By BlackRock Global cryptocurrency adoption has reached 300 million users in just 12 years – a pace about 43% faster than mobile adoption and about 20% faster than the Internet. In comparison, mobile phones took 21 years to reach 300 million, while the Internet reached the milestone in 15 years.

The global investment firm also stated that adoption is supported by demographic trends such as “digital natives,” with younger generations being more open to Bitcoin (Bitcoin) Approved by GenX and Baby Boomers, the report reads.

Meanwhile, Enablea US-based financial services company, researched 1,009 US individuals, which supports BlackRock's views. The survey found that 34% of Gen Z respondents chose cryptocurrencies over cash, the highest rate of any age group.

Moreover, according to Stilta platform for financial products and resources for immigrants, buyers in the Gen Z and Millennial age groups account for nearly 94% of all cryptocurrency buyers, leaving just over 6% for those over 40.

Zooming in on each group, Gen Z buyers outnumber Gen X by a factor of 3.5 and Baby Boomers by a factor of 14.3. Meanwhile, Millennials outnumber Gen

Other macroeconomic shifts such as fear of inflation, “global political division,” and the ongoing digital transformation within the banking sector have also led to the growth of BTC, and thus the popularity of cryptocurrencies growing faster than other sectors.

Is the golden age of cryptocurrency adoption coming?

BlackRock analysts are not the only forecasters who see strong momentum for the cryptocurrency industry in the future. according to GalaxyAnalysts expect Bitcoin exchange-traded products (ETPs) in the United States to reach more than $250 billion in assets under management by 2025, a move that represents strong institutional investment.

Credit for the cryptocurrency boom can be attributed to President-elect Donald Trump, who was honored with a title Time Magazine's Person of the Year In 2024.

Now, Trump is expected to issue executive orders on his first day in office and address crypto-related matters, as reported by The Guardian. The Washington Post. The former president has been a strong voice for the cryptocurrency industry, and the ripples are slowly trickling down to the cryptocurrency industry.

Coinbase partly beat The case against the SEC follows a January 14 court ruling that called the SEC's rejection of its 2022 request for cryptocurrency regulations "arbitrary and capricious," thus ordering the agency to submit its justifications on the issue.

For the emerging cryptocurrency industry, this marginal win suggests that the regulatory bind may slowly loosen its grip and foster more mainstream adoption here.