- United Kingdom Crypto Market Projected For 99% Growth To $3.77B By 2027
- The UK Are Anticipated The Largest Growth In The Cryptocurrency Market By 2027
- The US Will Continue To Lead The Crypto Market With 76% Growth By 2027
It’s been a rough few years for crypto traders but there could be some light at the end of the tunnel. It seems like cryptocurrencies are projecting another boom, as crypto revenue is projected to grow by 99 percent over the next four years, according to Statista Market Insights.
There was a huge decline in the crypto market from 2021 to 2022. Revenue dropped 49 percent in just one year falling from $1.65 billion to just $840 million. Over the last two years, several economic factors have held down the growth of the cryptocurrency market. However, a lot of the bad publicity stemmed from the downfall of one of the largest cryptocurrency exchanges, FTX.
With public trust waning in the value of digital assets, it’s no surprise that the crypto market has been extremely volatile in the last few years. But, it seems like the market is projected to recover at the end of 2023 with a projected 125 percent revenue increase.
Cryptocurrency Revenue Expected To Increase By 99% By 2027 In The UK
According to Statista Market Insights, the crypto bull market is set to return over the next few years.
The market is still very volatile, which has stopped low-risk investors from adding cryptocurrencies to their portfolios. However, that could change by 2027, as the market continues to stabilize and new buyers re-enter the industry seeking growth opportunities.
By the end of 2023, the revenue in the crypto market is projected to reach $1.89 billion.
The average revenue per user on the crypto market is an estimated $107.10 USD in 2023. That number is expected to nearly double over the next four years, as the crypto market is expected to experience an annual growth rate of 18.84 percent during that span. That amounts to a total market revenue of $3.77 billion USD by 2027.
With revenue set to increase by 99 percent, the number of users will also be on the rise as well.
The crypto market is expected to amass 22.23 million users by 2027.
“The crypto market has always experienced periods of high volatility,” said Crypto Analyst Nick Raffoul. “But as public trust returns, both companies and users will continue to adopt blockchain technology, which will aid the inevitable growth of cryptocurrencies worldwide.”
The UK Are Anticipated The Largest Growth In The Cryptocurrency Market By 2027
The largest market increase will be seen in the United Kingdom, where crypto market revenue is projected to grow by 99% to a total of $3.77 billion. The U.S. will continue to dominate the crypto market in 2027 with an estimated market revenue of $31.62 billion, up 76 percent from 2023.
According to estimates, the lowest projected growth will occur in Germany, which will only have $2.35 billion in market revenue by 2027, up just 45 percent compared to 2023.
|Country||Crypto Market Revenue 2023||Projected Crypto Market Revenue 2027||Percent Increase|
|United States||$17.96 Billion||$31.62 Billion||+76%|
|United Kingdom||$1.89 Billion||$3.77 Billion||+99%|
|Germany||$1.62 Billion||$2.35 Billion||+45%|
|Canada||$1.42 Billion||$2.41 Billion||+70%|
|Japan||$1.38 Billion||$2.43 Billion||+76%|