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Crypto Industry on Track to Reach 1 Billion Users by End of 2025 – Bitcoin Analyst Willy Woo

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Bitcoin analyst and co-founder of CMCC Crest, a multi-manager market-neutral fund, Willy Woo, has said that the crypto industry is on track to reach 1 billion users by the end of 2025.

Woo took to his X (formerly Twitter) where he posted a chart and the parameters that he used to make his prediction.

He wrote,

“On track for 1 BILLION crypto users by the end of 2025. An extrapolation of many independent prior studies in this chart. Binance estimates 65% of crypto users hold Bitcoin”.

Woo’s prediction is based on a new model mapping crypto user growth, highlighted by Binance’s data on Bitcoin holders.

When asked by a follower how users are defined, he replied,

Unique KYC’d users. Pre-2016 on the chart (not pictured), in the era when almost everyone was under self-custody, it’s unique entities. Entities are unique users derived by forensically clustered addresses taking into account capital flows between addresses.”

Also, growth capital investor and Bitcoin analyst Daniel Batten commended Woo’s postulation, noting that the chart provides a clear visualization of when the crypto industry will cross the 1 billion users mark.

He wrote,

“Incredible chart. The first view we’ve had of when we’ll cross the 1B threshold, with a full backtrace.”

Can The Crypto Industry Reach 1 Billion Users by The End of 2025?

Recall that the 2022 crypto winter had a brutal impact on the entire market, wiping hundreds of billions of dollars off the global crypto market cap, and negatively impacted thousands of crypto companies across the world. But despite the headwinds and setbacks, investors’ interest in cryptocurrencies has continued to rise.

Amidst growing global interest in digital currencies, the crypto industry is on a trajectory to achieve a significant milestone of users. A January 2024 report from crypto.com disclosed that the number of cryptocurrency owners grew by 34% to 580 million in the previous year.

The report disclosed that anticipation around the U.S. Securities and Exchange Commission (SEC) approving 11 spot bitcoin exchange-traded funds (ETFs) spurred an increase in new crypto investors.

In terms of crypto users according to regions, consumers from countries in Africa, Asia, and South America were most reported to have significant owners of cryptocurrencies, such as Bitcoin, in 2023. Notably, one out of three respondents to Statista’s survey in Nigeria, for instance, mentioned they either owned or used a digital coin, as opposed to six out of 100 respondents in the United States.

To reach one billion users by 2025, the crypto industry would need to see a further 72% increase a steep climb given the current growth rates. Notably, the proliferation of Bitcoin exchange-traded funds (ETFs) has been a major catalyst for this expansion.

Further insights from a joint 2022 report by the Boston Consulting Group (BCG), Bitget, and Foresight Ventures, which compared the adoption curve of the internet to that of cryptocurrencies, predicted that the industry would reach one billion users by 2030, considering the current rate of crypto adoption and market conditions.

BCG highlighted that currently, only 0.3% of individual wealth is invested in cryptocurrencies, compared to 25% in global equities, indicating significant potential for growth.

Top 10 Crypto Gambling Sites 2024

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The online gambling world has evolved with the introduction of cryptocurrencies, offering enhanced privacy and quicker transactions. As an enthusiast who has transitioned from traditional betting to the crypto realm over the past seven years, I’ve experienced first-hand the advantages of blockchain technology in gambling.

Let’s explore the top platforms that blend sports betting excitement with the thrill of casino gaming, ensuring both safety and fun.

Sportbet.one: A Blend of Sports and Casino Excitement

Licensed by the Mwali International Services Authority and supporting multiple cryptocurrencies like Bitcoin, Litecoin, and Ethereum, sportbet.one stands out for its comprehensive gambling experience. Launched in 2018, this platform offers not only a wide range of sports betting options, including MMA, cricket, and table tennis but also a variety of casino games.

What makes sportbet.one truly appealing is its no-KYC policy, which ensures complete user anonymity. You can withdraw your winnings instantly without any verification procedures unless you use services like MoonPay for transactions, which may require personal data.

Sportbet.one is designed for on-the-go gambling, with a mobile-friendly interface and responsive customer service, making it ideal for those who like to bet and play anytime, anywhere. In other words, the new betting sites not on GamStop are designed for on-the-go gambling, with a mobile-friendly interface and responsive customer service, making it ideal for those who like to bet and play anytime, anywhere.

Bonuses and Promotions at Sportbet.one

  • Welcome Offer: Newcomers can enjoy a 125% bonus up to $1,000.
  • Risk-Free Bets: Available up to $50, providing a safety net for new players.
  • Reload Bonuses: Active players can benefit from a 150% reload bonus up to $1500, with manageable wagering requirements.

Pros and Cons

  • Pros: No KYC required, instant withdrawals, provably fair gaming, low minimum deposit requirements.
  • Cons: Limited casino game selection, restricted in many countries, limited cryptocurrency options.

BetUS: Veteran All-Rounder in Crypto Gambling

Operating since 1994 and licensed by the Mwali International Services Authority, BetUS offers a seasoned platform with a rich variety of betting options. From sports betting, including less common options like lacrosse and darts, to a vibrant casino section, BetUS caters to all types of gamblers.

BetUS keeps things interesting with novelty bets and up-to-the-minute wagering options, ensuring you never miss out on the action. They also offer a separate racebook for horse racing enthusiasts.

BetUS Bonuses

  • Comprehensive Welcome Package: Offers a 125% bonus on the first three deposits, with up to $3,125 in bonus funds.
  • Crypto Bonuses: A 200% sign-up bonus for crypto deposits, enhancing both sports and casino experiences.
  • Exclusive Casino Offers: Including a 250% sign-up bonus for casino games, catering especially to high rollers.

Pros and Cons

  • Pros: Extensive betting options, robust bonuses, excellent mobile usability.
  • Cons: Limited cryptocurrency support, traditional fiat-first approach, restricted in numerous countries.

xBet: Diverse Betting with a Modern Twist

With a license from the Curacao eGaming Commission and a wide array of cryptocurrencies supported, xBet stands out for its modern betting approach. This site offers everything from traditional sports betting to engaging casino games, with the added option of live dealer games.

Prop bets and futures are among the standout features, allowing detailed and strategic betting. xBet also prides itself on its flexible deposit and withdrawal options, catering to a wide range of preferences.

xBet’s Promotional Offers

  • Sports Sign-Up Bonus: 50% up to $500, plus a $10 casino chip to welcome new users.
  • Rebate on Horse Racing: A 7% rebate with no rollover requirement, applied daily.

Pros and Cons

  • Pros: Wide range of betting lines, extensive crypto options, robust promotional offers.
  • Cons: KYC required, limited payout options, and high rollover requirements.

BUSR: Premium Betting with a Global Flair

Licensed by the Curacao eGaming Authority, BUSR has established itself as a leading international gaming company since its inception in 2014. Although based in the United Kingdom and the Americas, BUSR offers a broad range of betting options, from sports to politics and even horse racing, making it a versatile platform for bettors worldwide. 

Whether you’re into major sports leagues, global horse racing, or political outcomes, BUSR covers an impressive spectrum. Even more, in partnership with the UNLV Lee Business School, BUSR offers insightful non-partisan polling data, adding a unique twist to betting.

Bonuses and Rewards at BUSR

  • Crypto Rewards Program: Earn crypto rewards on each credit card deposit, enhancing your betting power with each transaction.
  • Generous Deposit Bonuses: Your first deposit will receive a 100% sports free play bonus of up to $1000, along with a 250% bonus when you refer friends.

Pros and Cons

  • Pros: High withdrawal limits, a wide range of betting markets, and robust promotions.
  • Cons: Customer service can be slow, and the site has a long list of restricted countries.

JackBit: The Rising Star in Crypto Gambling

JackBit, licensed under Curacao eGaming and launched in 2022, has quickly earned a reputation for its expansive cryptocurrency support and user-friendly platform. While it’s a newer player in the market, JackBit offers a big range of betting options, from traditional sports to niche events and esports. Designed with a sleek interface and mobile compatibility, JackBit ensures a seamless betting experience.

Promotions at JackBit

  • Rakeback VIP Club: Engage more and get more with real-time rakeback that increases the more you play, with no wagering requirements.
  • Innovative Bonuses: Offers like the 3+1 FreeBet and sports welcome bonuses provide extra value for both new and regular users.

Pros and Cons

  • Pros: Wide array of sports and casino bets, a plethora of crypto options, and innovative user features.
  • Cons: The absence of traditional deposit bonuses and the requirement of KYC.

MyBookie: A Veteran’s Approach to Modern Betting

Since 2014, MyBookie has carved out a solid niche in the U.S. market, and it is recognized for its comprehensive betting options, which include both traditional sports and less conventional bets. This platform combines sports betting with an enticing range of casino games and unique bet types. From US politics to table tennis, MyBookie offers a wide variety of betting markets.

Bonuses and Special Offers

  • Generous Sign-Up and Deposit Bonuses: Offers include up to a $1,000 Sign-Up Bonus and a unique $200 First Deposit Cash Bonus with minimal rollover requirements.
  • Casino and Sports Reloads: Tailored bonuses for casino players and sports bettors alike, ensuring ongoing incentives.

Pros and Cons

  • Pros: Wide market coverage, attractive bonus structure, and additional betting features like odds boosters.
  • Cons: Restrictions on withdrawals in fiat currencies and a somewhat narrow range of cryptocurrency options.

Stake.com: Crypto-First with a Community Feel

Stake.com, established in 2017 under a Curacao license, stands out for its strong focus on a crypto-first approach. Supporting over 20 types of cryptocurrencies, Stake.com is not just about sports betting but also offers a dynamic casino experience with provably fair games. It provides over 1,000 games with transparency and fairness, ensuring trust and security.

Promotional Offers

  • Flexible Promotions: Stake.com may lack a traditional welcome bonus but makes up for it with numerous sports and casino promotions tailored to active users.

Pros and Cons

  • Pros: Extensive crypto support, multilingual platform, and unique community features.
  • Cons: No welcome bonus, and information on fees and payouts can be difficult to find.

SportsBetting: A Decade of Expertise in Crypto Betting

Established in 2003 and licensed by the Panama Gaming Commission, SportsBetting.ag is one of the pioneers in the cryptocurrency betting. It’s known for its broad selection of sports and novelty betting markets, as well as a dedicated poker platform, catering to a diverse audience. Its robust poker client offers various game types and big tournament series, providing a full gaming experience.

Bonuses and Rewards

  • Comprehensive Bonuses: A 50% welcome bonus for sports bettors and a 100% match for casino and poker players, enhancing initial deposits significantly.
  • Special Tournaments and Offers: Regular high-stake tournaments and unique promotional events for all bettors.

Pros and Cons

  • Pros: Extensive betting options, competitive promotions, and a user-friendly interface.
  • Cons: High minimum deposits for some non-crypto methods and a detailed KYC process that might deter those seeking anonymity.

BetOnline: Longstanding Reputation with Comprehensive Betting Options

Operating since the early 1990s and licensed by the Panama Gaming Commission, BetOnline has established itself as a leader in the online gambling industry. This site offers a rich array of betting options, from sports to casino games. It excels in providing up-to-date betting odds and innovative wager types like financial markets and entertainment. It also offers some advanced betting tools, such as a prop builder and a vast array of betting enhancements to customize your gambling experience.

Promotional Activities

  • Varied Bonus Structure: Offers a mix of bonuses for new users across sportsbook and casino platforms, including crypto-specific promotions.
  • Dynamic Promotions: Frequent bonuses and promotions updates keep the offerings fresh and exciting.

Pros and Cons

  • Pros: Broad betting options, high-quality customer service, and a flexible range of deposit and withdrawal methods.
  • Cons: Some withdrawal options may include fees, and the platform’s traditional approach may not appeal to all crypto users.

Thunderpick: Esports and Beyond

Thunderpick, licensed by Curacao eGaming, focuses on esports and has offered a specialized betting experience since 2017. This platform not only provides comprehensive esports betting options but also includes traditional sports and a suite of casino games, making it a well-rounded choice for younger bettors and seasoned gamblers alike.

Bonuses and Community Engagement

  • Esports-Centric Bonuses: Tailored promotions for esports enthusiasts, including deposit bonuses and rebate offers.
  • Community Features: Active participation in the platform’s community can lead to rewards and exclusive bonuses.

Pros and Cons

  • Pros: Strong focus on esports, no deposit or withdrawal fees, and a vibrant community.
  • Cons: Limited traditional sports coverage and KYC procedures that might affect the anonymity some users prefer.

Each of these platforms brings a unique flavor to the crypto betting scene, combining the thrill of traditional gambling with blockchain technology innovations. By choosing any of these top sites, you’re not just betting; you’re participating in a larger community of forward-thinking gamblers who value security, privacy, and a diverse array of betting opportunities. 

Whether you’re interested in sports, casino games, or the fast-paced world of esports, these sites offer the top-tier features and robust security measures that modern bettors expect. Dive into the future of betting with confidence and enjoy the seamless integration of cryptocurrency and gambling at its best.

Selecting the Best Crypto & Bitcoin Betting Sites: Our Methodology

With years of crypto experience under my belt, I’ve developed a keen sense of what makes a site trustworthy, and I’m committed to providing a balanced view, highlighting both strengths and weaknesses.

Assessing Reputation and Trustworthiness

My first step involves immersing myself in online reviews and absorbing the experiences of other gamblers. While navigating through potential fake reviews and biased opinions can be challenging, my expertise helps me identify genuine insights crucial for evaluating a site’s credibility.

Evaluating Sports, Lines, and Odds

I then examine the variety and depth of betting options available. A top-notch sportsbook should cater to all preferences, covering everything from popular sports to niche markets, all while offering competitive and fair odds that enhance the betting experience.

Exploring Bonuses and Promotions

Bonuses are a big draw in online betting, and I meticulously search for sites that offer attractive welcome bonuses, reloads, and unique promotions hidden away in niche corners. I also look for exceptional rewards for loyal customers, such as VIP programs and loyalty schemes that add extra value.

Supported Cryptocurrencies and Payment Flexibility

In crypto betting, the flexibility of accepted currencies is vital. I seek out platforms that support a broad range of digital currencies, ensuring no hidden fees or catches, allowing for a more inclusive and flexible betting environment.

Privacy and Security Standards

Security is paramount, so I prioritize sites that offer SSL encryption and two-factor authentication. I also examine the KYC processes to ensure they are streamlined yet effective, supporting a balance between user privacy and regulatory compliance. Additionally, I explore whether the platforms employ provably fair technology, which uses smart contracts to guarantee fairness in gaming.

User Interface (UI) and Customer Support

A user-friendly interface and responsive customer support are essential for a positive gambling experience. I favor sites that are as intuitive to navigate as a clear, well-lit path, with accessible customer service that supports multiple languages and is available around the clock.

Through this comprehensive approach, I ensure that the recommended crypto gambling sites meet and exceed our high standards, providing reliable, enjoyable, and secure gaming options. This systematic process is how we bring you only the best in the crypto betting world.

MTN Nigeria Scales Losses, N575.69B in Q1 2024, And Why Nigeria’s Inflation Remains High

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MTN Nigeria looks ordinary these days. It used to be a rainmaker, making tons of money for men and women. But 2023 happened along with many policy changes, and MTN has come down. Yes, that exceptionalism has been taken out and this company is normalized. Why not? In Nigeria, gravity is powerful.

Good People, MTN is scaling loses at an unprecedented level: “MTN Nigeria, Africa’s largest mobile operator, reported a significant loss of N575.69 billion in Q1 2024 due to the devaluation of the Nigerian Naira and increased energy costs, resulting in a net foreign exchange loss of N656.3 billion… MTN Nigeria is pushing for a tariff hike to address the financial difficulties caused by high-interest rates and the ongoing naira crisis.”

There is one challenge we have in the land now: inflation will continue to scale because the government will continue to print money (Ways and Means is back), and the reason that will happen is straightforward. Nigeria did not think of the implications of the removal of fuel subsidies and the floating of the currency before doing them. So, we’re learning on the fly.

In other words, Nigeria did not consider that by having those policies, it could reduce corporate tax revenue (excluding banking sector) by more than 40%. So, even if we save money on fuel subsidies, we will lose money on corporate taxes, and if we do not manage both well, we cannot balance the budgets. Today, MTN which used to write billions as profits is now in red. Add other companies, you will get the idea why the government has to print money via Ways and Means.

The Federal Government of Nigeria received an additional N3.8 trillion in what appears to be fresh Ways and Means Borrowing in the last six months of 2023. …This is despite news reports noting that the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, which suggest President Bola Tinubu’s?government has not borrowed money from the CBN.” – Nairametrics.

Nigeria will print money because it needs to find ways to make up for these corporate losses, and as it prints the money, it will also offset the apex bank’s monetary policy of rate hike which is done to tame the economy, hoping to cool inflation. But with Ways and Means (flooding the economy with magic money) it will cancel out the impact of those hikes by the Central Bank of Nigeria with one result: inflation stays high and misery scales in the land.

The Journey to Growth, at Tekedia Mini-MBA

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It is Tekedia Mini-MBA Graduation Week. Join us today for the first lecture titled “The Journey to Growth”. After our co-learning process over the last 13 weeks, it is now time for execution. When we execute, we grow our businesses and careers.

Sir Oliver de Coque in his ogene music reminded us that “egwu oma si na chi” [good music comes from God], and we can extrapolate that profits come from great execution, because the reward of superior execution is business growth.

Indeed, there can never be a GREAT company without a great product or service. We solved the equations of market in the last 13 weeks:

Innovation = invention + commercialization

Great Company = Awesome Products + Superior Execution

To join the next edition of Tekedia Mini-MBA, go here  and beat the early deadline for discounts

Brace for Massive Surges with KangaMoon, Optimism and Fetch.ai – Top 3 Altcoins to Watch

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In the current crypto market, three altcoins are making a lot of noise: KangaMoon (KANG), Optimism (OP) and Fetch.ai (FET). While you may be familiar with OP and FET, as they are well-established altcoins, KANG is also picking up steam. Many analysts hint that this Stage 5 presale star could evolve into the next $1 altcoin in 2024. Let’s see why.

1.  KangaMoon (KANG)

First on our best altcoin list is KangaMoon (KANG) – a new presale sensation. Its stellar presale performance has captured mass appeal, boasting over 20,000 community members and 5,800 KANG holders. Additionally, KangaMoon has raised over $5.8M and could hit $6M before April 2024 ends.

Thanks to a recent announcement of a RaidSharks partnership, this number is bound to increase. As a result of this partnership, users will experience thrilling raids and a $1,000 monthly reward pool.

What separates KANG from other altcoins is its ties to the P2E gaming market, which is projected to reach $885M by 2028. KANG will be the main in-game currency in KangaMoon’s upcoming P2E game. With this altcoin, you can buy in-game items and upgrade your characters.

KangaMoon rewards its most active community members with free KANG tokens before its launch. Currently, one KANG costs just $0.0196 – a 290% growth from its starting price of $0.005. However, this is a Stage 5 presale price, and more price jumps will happen as it advances. Experts foresee a rise to $1 once a Tier-1 CEX lists this altcoin in Q2 2024.

2.  Optimism (OP)

Another one of the altcoins to watch is Optimism (OP). Recently, this crypto has been on a tear. CoinMarketCap data shows that the price of OP rose from $2.26 to $2.34 in the past week alone. During that time, its market cap grew from $2.38B to $2.44B. This increase came after the first Optimism open-source fault-proof system was launched on the Sepolia testnet.

The technical analysis of the Optimism crypto also shows bullish signs. For example, this altcoin is trading above its 50-day EMA. Due to all these green signals, experts in the crypto field have made a bullish Optimism price prediction. They forecast a surge to $3.80 within Q2 of 2024 for Optimism.

3.  Fetch.ai (FET)

Last, we must mention Fetch.ai (FET) as another of the best altcoins. According to CoinMarketCap data, the price of FET soared from $2.15 to $2.20 in the 1-week chart. During that period, the Fetch.ai market cap jumped from $1.82B to $1.86B. This increase can be attributed to the recent rally of AI-based coins.

From a technical analysis perspective, the Fetch.ai coin may continue this bullish trend. Notably, this altcoin is trading above its 100—and 200-day EMAs. In addition, 17 technical indicators are in the buy zone for Fetch.ai. Because of this, market analysts foresee a jump to $3.42 for Fetch.ai before Q2 of 2024 ends.

Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!

Website: https://Kangamoon.com/

Join Our Telegram Community: https://t.me/Kangamoonofficial