Rise of Crypto Titans: USA and Russia Set to Dominate Blockchain World by 2027
Russia and the USA are expected to take the lead in crypto adoption, according to a new report published on Statista called Digital Assets: Market Data & Analysis.
According to the figures, the number of crypto users in Russia could reach 38.5 million by 2027. That’s a 15% increase year-on-year (yoy) from the 19.3 million crypto users in 2022. This percentage is the highest average growth rate for any of the countries or regions surveyed in the report.
That means Russia’s total number of crypto users, which at present exceeds high numbers posted by UK, Japan, Canada and Germany, will go on being the second highest in the world for cryptocurrencies, ahead of every European and Asian rival and second only to the U.S..
Over the Pacific, the US recorded a staggering 52.8 million crypto users in 2022, a figure which exceeds Russia’s projected 2027 figure by a fraction over 37%, indicating the world-leading scale of adoption in both the former Cold War rivals.
However, adoption in the US will skyrocket too, with a near doubling over five years to a projected 102.2 million users by 2027. Altogether, the year-on-year growth rate for the US between 2022 and 2027 is 14%, which is in line with Japanese and European projections but lags 1% behind Russia.
The number of European crypto users in 2022 was 101.5 million; this looks set to blow up to 191.6 million by 2027.
The rest of the world will see exponential growth in crypto adoption. At present, the total number of users across all the countries that are not USA or continental Europe is 291.7 million. That figure will mushroom 20% year-on-year to peak at 729.3 million in 2027.
One interesting point to observe is how the popularity of NFTs and Decentralized Finance protocol users varies
