By The Daily Hodl November 05, 2023 In Blockchain
Source: Jamie Coutts/X
Bloomberg Intelligence expert Jamie Coutts states that a person crypto sector might experience explosive development over the next half a years.
Coutts states that wise agreement blockchains such as Ethereum (ETH) and Solana (SOL) might reach 100 million everyday users by 2028 by growing at 20% quarter-on-quarter.
According to Coutts, the variety of everyday users of clever agreement blockchains is presently over 5 million as an outcome of a quarter-on-quarter development rate of 29% because 2019. A development in the user base from 5 million to 100 million corresponds to 20x development.
Source: Jamie Coutts/X
The Bloomberg Intelligence expert states that the development of clever agreement blockchains might mirror that of online payments huge PayPal.
“It took PayPal 13 years to reach 100 million day-to-day users. They now have more than 400 million however development has actually slowed.
If Ethereum was day absolutely no for clever agreements (2015) then it might take a comparable timespan for blockchains to reach a comparable level of adoption.”
Source: Jamie Coutts/X
According to Coutts, a 20% development rate quarter-on-quarter might lead to the overall market cap of the wise agreements environment skyrocketing from around $350 billion presently to in between $5 trillion and $14 trillion when the variety of users increases to 100 million– a boost of in between 1,328% and 3,900%.
“While extremely simplified projections such as this must never ever be exclusively depended on for appraisal functions, the workout shows that users and costs are inextricably connected which as adoption continues, rates are most likely to track much greater for some possessions.”
Source: Jamie Coutts/X
Created Image: DALLE3
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