Attributing the rapid growth of an acceptance of digital currencies and monetary regulation fluctuation, experts anticipate a 7.2% compound annual growth rate (CAGR) between 2022 and 2030, crypto media outlet CryptoSlate reported on January 10.

Despite the fact that digital assets still face barriers to growth, including regulatory uncertainty, the major factor driving the growth is the efficiency of the use of crypto for cross-border remittance using cryptocurrencies, which may result in the replacement of fiat money.

Notably, over the weekend, the price of Bitcoin (BTC) crossed the $17,000 mark. However, as is common during a bear market, it has been trading very flat with little volatility during the first ten days of 2023 indicating the market’s recovery.

The popularity and acceptability of digital currencies are growing, and the global cryptocurrency sector exhibits great development potential overall.

Source: CRYPTOSLATE