Compound

Bitcoin

April

Trillion

<div class="watcher-guru">
 <p>According to a recent report, the Bitcoin (BTC) payment ecosystem market may rise from $1.076 trillion in 2022 to $4.82 trillion by 2032. The rise translates to a Compound Annual Growth Rate (CAGR) of 16.19% for the period.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="582" src="https://cdn.thebittimes.com/images/2024/01/25/1e99aae478a913fe086fdb2362bd89ef.webp" alt class="wp-image-125995" srcset="https://cdn.thebittimes.com/images/2024/01/25/1e99aae478a913fe086fdb2362bd89ef.webp 1024w, https://cdn.thebittimes.com/images/2024/01/25/1e99aae478a913fe086fdb2362bd89ef.webp 300w, https://cdn.thebittimes.com/images/2024/01/25/1e99aae478a913fe086fdb2362bd89ef.webp 768w, https://cdn.thebittimes.com/images/2024/01/25/1e99aae478a913fe086fdb2362bd89ef.webp 1536w, https://cdn.thebittimes.com/images/2024/01/25/1e99aae478a913fe086fdb2362bd89ef.webp 380w, https://cdn.thebittimes.com/images/2024/01/25/1e99aae478a913fe086fdb2362bd89ef.webp 550w, https://cdn.thebittimes.com/images/2024/01/25/1e99aae478a913fe086fdb2362bd89ef.webp 800w, https://cdn.thebittimes.com/images/2024/01/25/1e99aae478a913fe086fdb2362bd89ef.webp 1160w, https://cdn.thebittimes.com/images/2024/01/25/1e99aae478a913fe086fdb2362bd89ef.webp 1544w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: Spherical Insights
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 </figure>
 <p><strong>Also Read: Grayscale Bitcoin Fund Could Suffer Further Selloff: JPMorgan</strong></p>
 <p>According to the report, factors influencing Bitcoin’s (BTC) payment ecosystem growth are growing exchange markets, non-compliance, and increasing flexibility of commercial transactions in e-commerce. Moreover, the report notes that government regulations could further help boost BTC’s payment ecosystem.</p>
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 <p>However, the report highlights that BTC’s volatility could impede the payment market’s growth. Moreover, the original cryptocurrency faced a significant correction over the previous week after the US SEC’s (Securities and Exchange Commission) historic approval of 11 spot BTC ETFs (Exchange Traded Funds).</p>
 <h3 class="wp-block-heading" id="h-bitcoin-s-price-to-fall-to-20-000">Bitcoin’s price to fall to $20,000?</h3>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="682" src="https://cdn.thebittimes.com/images/2024/01/25/94bb7d45e819505f91f53d3faf2bded1.webp" alt="US Space Force Officer Declares Bitcoin as a Cybersecurity Revolution Catalyst" class="wp-image-108434" srcset="https://cdn.thebittimes.com/images/2024/01/25/94bb7d45e819505f91f53d3faf2bded1.webp 1024w, https://cdn.thebittimes.com/images/2024/01/25/94bb7d45e819505f91f53d3faf2bded1.webp 300w, https://cdn.thebittimes.com/images/2024/01/25/94bb7d45e819505f91f53d3faf2bded1.webp 768w, https://cdn.thebittimes.com/images/2024/01/25/94bb7d45e819505f91f53d3faf2bded1.webp 380w, https://cdn.thebittimes.com/images/2024/01/25/94bb7d45e819505f91f53d3faf2bded1.webp 550w, https://cdn.thebittimes.com/images/2024/01/25/94bb7d45e819505f91f53d3faf2bded1.webp 800w, https://cdn.thebittimes.com/images/2024/01/25/94bb7d45e819505f91f53d3faf2bded1.webp 1160w, https://cdn.thebittimes.com/images/2024/01/25/94bb7d45e819505f91f53d3faf2bded1.webp 1280w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: Crypto news
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 </figure>
 <p>According to a recent report by Deutsche Bank, one-third of all respondents in a poll said that BTC’s price could fall to $20,000 by January 2025. If BTC drops to $20,000, it would translate to a nearly 50% dip from current levels.</p>
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 <p>Bitcoin (BTC) is currently down by 6.7% in the weekly charts and 7.7% over the previous month. However, the asset is up by over 72% since January 2023.</p>
 <p><strong>Also Read: Ripple: El Salvador Bitcoin Advisor Says XRP to Fall 98%, to $0.01</strong></p>
 <figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="859" src="https://cdn.thebittimes.com/images/2024/01/25/2ea64eadafab5d35a3e8bd2de2f00875.webp" alt class="wp-image-125999" srcset="https://cdn.thebittimes.com/images/2024/01/25/2ea64eadafab5d35a3e8bd2de2f00875.webp 1024w, https://cdn.thebittimes.com/images/2024/01/25/2ea64eadafab5d35a3e8bd2de2f00875.webp 300w, https://cdn.thebittimes.com/images/2024/01/25/2ea64eadafab5d35a3e8bd2de2f00875.webp 768w, https://cdn.thebittimes.com/images/2024/01/25/2ea64eadafab5d35a3e8bd2de2f00875.webp 1536w, https://cdn.thebittimes.com/images/2024/01/25/2ea64eadafab5d35a3e8bd2de2f00875.webp 380w, https://cdn.thebittimes.com/images/2024/01/25/2ea64eadafab5d35a3e8bd2de2f00875.webp 550w, https://cdn.thebittimes.com/images/2024/01/25/2ea64eadafab5d35a3e8bd2de2f00875.webp 800w, https://cdn.thebittimes.com/images/2024/01/25/2ea64eadafab5d35a3e8bd2de2f00875.webp 1160w, https://cdn.thebittimes.com/images/2024/01/25/2ea64eadafab5d35a3e8bd2de2f00875.webp 1688w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: CoinGecko
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 </figure>
 <p>However, Changelly predicts an average price of $49,141 for BTC in January 2025. Moreover, the platform anticipates BTC to surpass its all-time high of $69,044, which it attained in November 2021, in July of next year.</p>
 <p>Although Bitcoin (BTC) is undergoing a correction right now, the asset may pick up steam very soon. BTC will witness its next halving cycle in April this year, which many consider a bullish event. The original cryptocurrency may see a sharp reversal in trend very soon.</p>
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<div class="cs-entry__tags">
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  <li>bitcoin</li>
  <li>btc</li>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-payment-market-to-surge-to-4-8-trillion-by-2032-report-tbt77648.html">https://thebittimes.com/bitcoin-payment-market-to-surge-to-4-8-trillion-by-2032-report-tbt77648.html</a></p>

Bitcoin Payment Market to Surge to $4.8 Trillion By 2032: Report

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