A report carried out by Crypto.com has reportedly generated some positive insights for battered Bitcoin (BTC) bulls, claiming that crypto users internationally could achieve one billion by 2022’s end.

Specifically, the report has reportedly come to the conclusion of a combo of developing countries following the footsteps of El Salvador’s orange-peeled example, adopting a “friendlier stance” towards the crypto sphere, which consequently resulting in “nations can no longer afford to ignore the growing push towards crypto by the public.”

Looking back on 2021, the crypto population of the world reportedly experienced a 178% rise, going from 106 million in January to 295 million in December. 

While 2021 started out with Tesla and Mastercard hopping aboard the crypto train via rolling out crypto payments and adoption, BTC drove development in the latter half of the year, leaving ETH behind, in terms of adoption. 

In the run-up to El Salvador’s Bitcoin legal tender bill, August reportedly recorded the highest figure for adoption. 

Regarding the number of crypto users in 2021 witnessing a three-fold jump, estimations from Crypto.com reportedly suggested that “If we extrapolate a similar rate of increase in 2022, we are on track to reach 1 billion crypto users by the end of 2022.”

However, the efforts of one country in Latin America adopting Bitcoin would not be sufficient, there would need to be some regulations in America in place to achieve a higher level of adoption. 

Fortunately, a recent Fidelity report agrees on nation-state adoption, as they “wouldn’t be surprised” to see an increased number of nations adopting BTC in 2022.

In the scene where a U.S. Bitcoin ETF continues to face rejection, and the recent U.S crypto mining hearing was cautious at best, Crypto.com’s predictions are a saving grace.