NFT craze and institutional money to bring next 100 million crypto users, says Crypto.com CEO

Cointelegraph’s latest interview with Crypto.com CEO Chris Marshalek to understand the catalysts that will take crypto to 200 million users. For more on crypto and blockchain related content, visit and subscribe to Cointelegraph’s YouTube channel!

When will the adoption take place?

According to a study by Crypto.com, it took more than a decade for cryptocurrencies to reach 100 million users, or ~1% of the world’s population. But Marshalec expects the next 100 million users to come in a much shorter time frame.

He said:

From 100 to 200 million will be much, much faster than from 50 to 100 [million].

He explained that the expansion of the network effect of cryptography will come from a combination of converging trends.

All board the institutional money train

For many, the entry of well-known institutions into the crypto space indicates that widespread adoption is underway. Big names like Paypal and Tesla are stepping up their bitcoin purchases and supporting bitcoin payment rails for local non-crypto customers.

Marszalek commented:

There are simply a number of financial institutions that are now investing some of their assets in bitcoin. This triggers a whole series of actions.

Establishment of the CLF

So far, NMT has emerged as the hottest topic of the year 2021. The NBA, Jack Dorsey and some of the world’s most prestigious auction houses are profiting from this madness. Marszalek is excited about the prospect of high-profile celebrities with 100, 200, or 250 million followers leveraging their fan bases for the cryptocurrency. He thinks this could lead to an influx of new users:

Today’s culture is run by powerful people who only work on the internet. This is the perfect time for NFTs to really go mainstream.

Watch the full video for a closer look at Marshalec’s arguments. If you enjoyed this content, check it out and subscribe to Cointelegraph’s YouTube channel for more crypto interviews!

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