Nobl Insurance was founded in 2017 with an aim to provide simple and affordable insurance for everyone. The firm which is all set to release its first product recently made its crypto report public with claims of having the largest and most robust sample set of US citizens. The research was mainly to find the public interest towards and how many US citizens see it as a viable future financial tool.
The results of these surveys were quite astonishing as it hinted that mass crypto adoption is just around the corner. Not only Nobl Insurance has reached that conclusion, in fact, the report also cited several other studies with similar results.
Greg Wixted, Chief Innovation Officer at nobl noted that their data sets were quite accurate and thus he was confident that the results of the survey were accurate. He said,
“Our accurate telephone-based research predicts that crypto ownership in the U.S. will top the 25 million mark by the end of 2020, meaning that 1 in 10 Americans will be crypto owners.”
He continued further,
” This is significant because scientists at Rensselaer Polytechnic Institute in New York have discovered that when just 10% of the population holds an unshakable belief, this belief will always be adopted by the majority of society. So, we believe this will be the most exciting year for crypto yet, the year where we finally reach the tipping point that leads to mass adoption of cryptocurrency.”
The Interesting Findings of the Survey
The final report revealed several interesting facts about public interest in crypto. The study claimed that 1 in 20 Americans would own cryptocurrency by 2020. The study found that the number of crypto users would soar by 25 million by the end of 2020.
The study further revealed that 1 in 5 millennials will own cryptocurrency by 2021, which means almost 15 million youths would have invested in cryptocurrency by 2021. This should not come as a surprise given in the past couple of years cryptocurrency has seen major adoption from institutional and retail investors suggesting the growing demand.
Major online retail marketplace like Amazon-Whole Foods Nordstrom, Starbucks, and many other retail giants have started to accept crypto as a model of payment. Apart from these major tech companies such as Facebook, Google, American Express, GE Comcast and Airbnb also accept crypto as a remuneration.
70% of Americans will own Crypto by 2030
The report noted that stable coins would become a mainstream standard for retail use of cryptocurrencies which would lead to faster adoption. Not only that many banks who have criticized cryptocurrency earlier might come around just like JP Morgan to take a piece of the Crypto wave.
The study went onto claim that by 2030 the number of US citizens using Crypto would be on par with credit card users. The study claimed that almost 70% of the population would be using crypto in their daily lives. The study also claimed that by 2030 one third of the total transactions in the US will be held on the blockchain.