• The gaming industry is expected to be worth $340 billion by 2027, with cryptocurrency playing an important role

  • The latest crypto ownership statistics from Triple A has revealed some unexpected facts that may astound the crypto world. According to Triple A’s study, 48.6% of bitcoin owners may contemplate spending cryptocurrency on online gaming or gambling in the future.

    This is more than the 25.1% of cryptocurrency owners who used cryptocurrencies for this reason last year. It should be emphasized that online gaming or gambling has experienced a growth in recent years, with the gaming sector expected to reach a value of US$340 billion by 2027. This comes at a time when the heavy presence of crypto-gambling on Twitch broadcasters has been attracting greater audiences and generating more controversy for over a year.

    Gamers account for more than one-third of the global population. Microsoft Xbox, G2A, and Twitch are among the main gaming businesses that have joined the cryptocurrency industry.

    Cryptocurrency has significantly altered the gaming industry, whether in terms of payment or gamefi. A detailed examination of the sector reveals that gaming companies will find a large market opportunity in the coming years as cryptocurrency gain recognition among gamers and organizers.

    From 2012 to 2021, the price of bitcoin increased by 540,000%.

    According to Triple A data, the price of Bitcoin has increased by 540,000% between 2012 and 2021. In 2021, Bitcoin accounted for 47% of the total market capitalization of cryptocurrencies.

    Aside from that, the cryptocurrency market is expected to develop at a compound annual growth rate (CAGR) of 56.4% between 2019 and 2025.

    The United States has the most cryptocurrency holders.

    According to the data, the top five countries with the most crypto holders are the United States, India, Pakistan, Nigeria, and Vietnam. The United States leads the pack with 46,020,521 cryptocurrency owners.

    Aside from gaming, other significant areas that embrace cryptocurrencies include e-commerce, luxury products, and remittance. Crypto transfer is predicted to be 388 times faster and 127 times cheaper than regular remittance techniques.

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