Dublin–(business wire)–“North American Blockchain and Cryptocurrency Market 2022” report added of ResearchAndMarkets.com Recruitment.
This publication summarizes trends and developments within the market. The publication also reveals that the number of adults owning and using cryptocurrencies in the US is projected to double by 2023.
Cryptocurrency Use And Ownership Is Growing Across Canada
The Canadian market is no exception to this trend, as the cryptocurrency market has grown in the United States. According to the report, the global average of consumers owning cryptocurrency as of 2021 was higher than in Canada by a percentage, while his average of consumers owning cryptocurrency as of 2021 Nearly one in ten of him is catching up with Canada. In addition to this, Bitcoin and Ethereum were among the most preferred cryptocurrencies among cryptocurrency users as of November 2022.
When it comes to the top reasons to invest in cryptocurrencies, more than half of buyers say making a profit at the expense of risk is the top reason, and nearly half of the survey respondents say that it supports decentralized finance. said it is investing in Be part of a systems philosophy and something innovative. Additionally, as of November 2022, more men than women were indicated to have used cryptocurrencies, the magazine reports.
U.S. Leads the Way in Enforcing Tighter Regulations on Cryptocurrencies as Crypto Market Crashes
Cryptocurrency adoption has increased significantly across the world, and the United States is no exception to this trend. As of July 2022, nearly three-quarters of adults surveyed across the U.S. have never traded, invested, or used cryptocurrencies, but, as revealed in the report, own cryptocurrencies. and the number of adult predictions they use was expected to double by 2023. Enthusiasm to own and invest in cryptocurrencies in the US is highest among the 25-34 age group. As the crypto market has developed, the United States has tightened government regulations regarding cryptocurrencies. For example, the country recently witnessed the implementation of the Responsible Financial Innovation Act, which details the rules and regulations of the cryptocurrency market.
In addition, the U.S. government also implemented the Crypto Regulation Bill as a strict policy instrument on cryptocurrencies. However, the decline in global cryptocurrency market values beginning in the spring of 2022 has led to a loss of investor sentiment and negative asset price movements across North America. Furthermore, the crypto market in the region is expected to witness modest growth in investment and funding in the first half of 2022, and the cryptocurrency market investment scenario is estimated to face continued challenges due to the crash in the second half of 2022. increase.
Inflation in the U.S. economy and a slowdown in the global economy have caused further cryptocurrency declines. Additionally, the cryptocurrency market has been relatively flat since his June 2022 with no signs of growth. Apart from this, the collapse of FTX and the decision of Celsius, a US-based cryptocurrency company, to freeze withdrawals further contributed to the downfall of the crypto market.
Subject of main question
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What are the main reasons people in the US invest in cryptocurrencies?
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What are the main reasons Canadian adults do not invest in cryptocurrencies?
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Which is the most preferred way to make crypto investments among Canadian crypto users?
Main topics:
1. Management overview
2. Global expansion
3. Bank activities and trends
4. North America
companies mentioned
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Ally
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Amazon
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apple
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asia bank
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goldman sachs
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HSBC
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JP Morgan Chase
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master Card
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meta
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Morgan Stanley
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PayPal
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Royal Bank of Scotland
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square
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visa
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walmart
For more information on this report, please visit https://www.researchandmarkets.com/r/h56nqn.
