Lunu's Ceo Predicts Cryptocurrency Investors Will Triple By 2026

The current 560 million cryptocurrency holders could triple within the next two years; however, user experience remains the biggest challenge.

Cryptocurrency adoption has the potential to surpass the one billion user mark as early as 2026.

Pavlo Denysiuk, CEO of cryptocurrency payment firm Lunu, predicts that the number of cryptocurrency holders could triple within the next two years based on the current user growth rate.

Speaking at a panel at NFT Fest 2024, Denysiuk stated, "In two years, there will be at least two or three times more cryptocurrency holders globally. This indicates increased adoption both in general usage and in payments."

According to the 2024 Cryptocurrency Ownership report prepared by Triple-A, there are approximately 560 million cryptocurrency holders worldwide, which means about 6.8% of the global population owns cryptocurrency.

Cryptocurrency Adoption Will Happen Once Infrastructure is in Place

With approximately 7% of the global population owning cryptocurrency, the adoption of crypto payments is seen as just a matter of time. According to Pavlo Denysiuk, CEO of Lunu, the adoption of crypto payments will accelerate once mainstream companies begin to offer the necessary infrastructure. Denysiuk stated, "The adoption of crypto payments is not about convincing people. It will happen when the infrastructure is in place, and you see a sign saying 'we accept crypto' when you visit a Starbucks or another store."

Denysiuk also noted that crypto payments are not significantly different from existing mainstream payment methods like credit cards and digital payments, and can be seen as just another payment method.

Stablecoins Are Critical for Mass Adoption

Denysiuk emphasized that stablecoins are considered one of the main ramps for transitioning from fiat to the digital economy and will continue to be a crucial part of reaching the first billion crypto users. He said, "Stablecoins are very important for adoption. Although Bitcoin was invented as a digital currency, we almost never see people making payments with Bitcoin."

According to CoinMarketCap, the stablecoin market is currently valued at over $163 billion, representing 7.7% of the total cryptocurrency market cap of $2.11 trillion. However, Chintan Turakhia, Senior Engineering Director at Coinbase, noted that more user-friendly applications will be needed to reach the first billion crypto users. Speaking to Cointelegraph at EthCC, Turakhia said, "If our goal is to attract the next billion users—starting with just 100 million—we need to eliminate all these friction points."

Stay updated on the latest developments and news in the cryptocurrency markets with Kriptospot.com.