The cryptocurrency market could grow to $ 3 trillion by 2025. This forecast was given by analysts of the Bakkt platform in a presentation for investors.
According to the company, Bakkt’s Serviceable Available Market (SAM) in 2020 was $ 1.6 trillion, including $ 564 billion in cryptocurrency (data as of December 14, 2020). The total amount of SAM by 2025 is projected to reach $ 5.1 trillion, including $ 3 trillion in cryptocurrency.
Data: Bakkt presentation to investors on the US Securities and Exchange Commission (SEC) website.
Last week, the cryptocurrency market capitalization exceeded $ 1 trillion for the first time, but the figure fell below that mark along with the Bitcoin correction. At the time of writing, it stands at $ 964 billion.
On January 9, Bitcoin capitalization reached 7% of the total market value of gold.
Earlier, Bakkt confirmed its listing on the stock exchange with an estimate of $ 2.1 billion.