Triple A’s latest crypto ownership data has made some startling revelations that might amaze the crypto community. Triple A’s data has shown that in the future 48.6% of crypto owners will consider spending cryptocurrency on online gaming or gambling.
This is greater than 25.1% of crypto owners who had used cryptocurrency for this purpose, last year. It is to be noted that online gaming or gambling has witnessed a boom in the last few years, and the gaming market is anticipated to reach a value of US$340 billion by 2027. This has come at a time when the heavy presence of crypto-gambling on Twitch streamers for over a year, is attracting more audiences and garnering increasing controversy.
Gamers constitute over 1/3 of the total population in the world. The top gaming companies which have entered the cryptocurrency space include – Microsoft Xbox, G2A, and Twitch.
Be it in terms of mode of payments or gamefi, Cryptocurrency has changed the gaming industry a great deal. A close analysis of the industry thus tells us that gaming companies will see a vast market opportunity in the coming years given the increased acceptance of cryptocurrencies among gamers and the organisers.
Bitcoin price up by 540,000% from 2012 to 2021
Triple A’s data shows that Bitcoin’s price has jumped as high as 540,000% between 2012 to 2021. Bitcoin also constituted 47% of the total market capitalization of cryptocurrencies in 2021.
This apart, the cryptocurrency market is forecasted to grow with a compound annual growth rate (CAGR) of 56.4% from 2019 to 2025.
