Singaporean cryptocurrency payment company Triple-A recently released a report stating that cryptocurrencies are gaining unprecedented momentum and will reach a global user base of 562 million, accounting for 6.8% of the world’s population, by 2024. This represents a significant growth of 34% compared to last year’s 420 million users.
Among the cryptocurrency holders, 34% are between the ages of 24 and 35, making it the largest age group. In terms of cryptocurrency ownership, the top three economies are the United Arab Emirates (25.3%), Singapore (24.4%), and Turkey (19.3%).
Asia remains a leader in cryptocurrency ownership, with the number of holders increasing from 268.2 million last year to 326.8 million this year. North America follows with 72.2 million holders, followed by South America with 55.2 million, Europe with 49.2 million, Africa with 43.5 million, and Oceania with 3 million.
Triple-A attributes the surge in global cryptocurrency users to factors such as regulatory changes and media coverage. Clearer regulatory requirements by 2024 will transform cryptocurrencies from a niche market to a significant player in the global financial sector, thereby enhancing investor confidence and paving the way for innovative products like Bitcoin ETFs. Additionally, increased media attention and educational resources, such as Binance Academy, Crypto.com University, and Coinbase Institute, have sparked discussions and catered to the growing demand for information on cutting-edge technologies.
Furthermore, macroeconomic factors such as inflation and currency depreciation have also contributed to the increasing popularity of cryptocurrencies. Triple-A emphasizes that digital currencies are not just investment tools but also reliable payment methods for everyday transactions, gaining popularity among consumers and businesses alike. With strengthened regulations and technological advancements, the adoption of cryptocurrencies is expected to continue rising on the foundation of 500 million global users.
(Source: 
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