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Global Cryptocurrency Market

by Market Capitalization of Major Cryptocurrencies (Bitcoin, Ethereum, Bitcoin Cash, Ripple, Dash, Litecoin, Monero, NEM and Others), by Mining Facilities and by Use of Bitcoin - Outlook to 2022

Region:Asia

Product Code:KR562

Download Sample Report
Published On

December 2017

Total pages

125

About the Report

The report titled "Global Cryptocurrency Market Outlook to 2022" by Market Capitalization of Major Cryptocurrencies (Bitcoin, Ethereum, Bitcoin Cash, Ripple, Dash, Litecoin, Monero, NEM and Others), by Mining Facilities and by Use of Bitcoin provides a comprehensive analysis of cryptocurrency and bitcoin market around the globe. The report provides information on Global cryptocurrency market size by revenue, market segments by market cap of major digital currencies, Global bitcoin market, Global bitcoin market size by revenue, by bitcoin circulation and revenue from mining.
Global Cryptocurrency Market
 
The report also provides statistics on Global bitcoin mining market by type of mining, exchanges, matrix for bitcoin mining pool and type of payment methods, Working Model of Bitcoin, Implications of Bitcoin Market Growth, Target Profile in Global cryptocurrency market and Competitive landscape of major players in the market along with emerging trends and developments in the market, key issues and challenges in the market, government regulations for cryptocurrency across various regions, decision influencers in the cryptocurrency market. The report covers company profile of major mining pools including AntPool, F2Pool, BitFury, BTCC Pool, BW.com, ViaBTC, SlushPool, HaoBTC, BTC.com and 1Hash. The report concludes with market projection built on scenario analysis and analyst recommendations highlighting the major opportunities and cautions.
 
Global Cryptocurrency Market: The cryptocurrency market is composed of many important intermediaries and groups and this industry has influenced four major sectors including Exchanges, Wallets, Payment Companies and Mining. The global cryptocurrency market is still in its growing phase as the major currencies are gaining prominence in the market. With the introduction of bitcoin, other digital currencies followed the market such as Ethereum, Litecoin, Dash, Monero and others.
The prominence and popularity of crypto currency technology quickly spread through the general public as means to store and transfer wealth, as well as engage in secure e-commerce. It was witnessed that the global crypto currency market capitalization augmented from USD ~ billion on 2nd January, 2014 to USD ~ billion on 4th December 2017 at a CAGR of ~% during 2014-2017. Growth in the crypto currency market has been driven largely by investors counting in technology infrastructure, and other investors seeking to profit from price fluctuations, rather than by consumers actually using crypto currency.
 
Global Bitcoin Market: Global bitcoin market capitalization has increased from USD ~ billion on 1st January 2011 to USD ~ billion on 4th December 2017 at a CAGR of ~% during 2011-2017. The market of bitcoins surged during 2017 at a very high pace majorly owing to soaring demand in the Asian countries. Increasing market value of bitcoin and increasing awareness around the globe will result in market growth in the future.
 
Global Cryptocurrency Market Cap Segmentation: Bitcoin is the market leader in terms of market cap dominating the crypto currency market around the globe. During 2017, bitcoin accounted for ~% of the overall market cap among all the crypto currencies in the world. Over the years market price of a single Bitcoin fluctuated from below USD ~ on 1st January 2010 to over USD ~ on 4th December 2017. The highly volatile price has made Bitcoin an attractive investment alternative for traders seeking to profit from the market.
Ethereum accounted for ~% of the overall global crypto currency market cap on 4th December 2017. Like Bitcoin, no one controls or owns Ethereum - it is an open-source project built by many people around the world. But unlike the Bitcoin protocol, Ethereum was designed to be adaptable and flexible.
Bitcoin Cash is peer-to-peer electronic cash for the Internet. It is fully decentralized currency, with no central bank and requires no trusted third parties to operate. Bitcoin cash accounted for a share of ~% of the overall cryptocurrency market on 4th December 2017.

Litecoin accounted for ~% of the overall market cap on 4th December 2017 in the global crypto currency market. Litecoin was launched in 2011 and is considered to be the ‘silver’ to bitcoin’s ‘gold’ due to its more plentiful total supply of ~ million LTC. Ripple accounted for ~% of the overall global crypto currency market share on 4th December 2017. Dash is the first privacy centric cryptographic currency based on the work of Satoshi Nakamoto launched in 2014. Dash has accounted for ~% of the overall global crypto currency market share on 4th December 2017. Other major cryptocurrencies which have dominated the global cryptocurrency market are NEM and Monero.
 

Global Bitcoin Market Segmentation

By Use of Bitcoin: In terms of trading volume, speculation & investment segment accounted for ~% of the overall market share during 2017. All the major digital currency wallets, exchanges, payment processors and others use bitcoin for payment purposes. Bitcoin’s advantage of instant transfer and negligible transaction cost has increased its prominence in the market. Thus, payment & gift vouchers accounted for ~% of the overall market share during 2017.
By Mining Facilities around Globe: China is the country which hosts most mining facilities and uses the highest power consumption of all countries for crypto currency mining. A significant concentration can be observed in the Sichuan province. China accounted for ~% of the total number of mining facilities around the globe during 2016. Mining facilities in the US accounted for ~% of the revenues of the global mining market during 2016. Other countries such as Sweden, Czech Republic and Germany accounted for the remaining percentage share of mining facilities.
 
Competitive Scenario in the Global Cryptocurrency Market: The cryptocurrency market is fragmented as the currency can be developed anonymously by anyone and launched in the market. Increasing awareness and demand of the currency increases the market value of currency. The mining companies in the network are dependent on financial institution websites for their marketing and as increasing number of users register on their (mining companies’) portal and trade, the mining companies earn revenues. The payment methods and reward system in all the companies are majorly same and companies do not provide special offerings to attract users to their websites as they are aware that a user will be willing to join only if he is interested in the cryptocurrency.
AntPool is the leading mining pool in the global cryptocurrency market accounting for ~% of the overall market share during 2017. F2Pool followed AntPool in terms of number of blocks mined during 2017. F2Pool accounted for ~% of the overall market share during 2017. F2Pool is a Chinese mining pool, also referred to as "Discus Fish" which was opened on May 5, 2013. BitFury followed F2Pool in terms of number of blocks mined during 2017. BitFury accounted for ~% of the overall market share by number of blocks mined during 2017. BTCC Pool followed BitFury in terms of number of blocks mined during 2017. BTCC Pool accounted for ~% of the total number of blocked mined during 2017 around the globe. Headquartered in Hong Kong, BTCC serves a global customer base and has become an industry leader for security, risk mitigation, credibility, and technological innovation. Other major players in the mining industry included ViaBTC, BW.com, SlushPool, HaoBTC and others.
 
Future Outlook and Projections of Global Bitcoin Market: It has been expected that bitcoin market will have three potential futures scenarios during 2017-2022.
Firstly, bitcoin market may witness a major bubble burst and the value of bitcoin will witness major fall and then stabilize over the years. It has been witnessed that price of bitcoin has gone up at a faster pace than any other speculative vehicle in market history which has attracted a lot of investment and speculation in the market. The experts at Ken Research believe that the bubble is expected to burst and the price of bitcoin will fall drastically and stabilize with time.
Secondly, it is highly expected that respective governments will accept and introduce norms against bitcoins and the market witness steady growth in coming years. Criminal activities in and around the world have raised the concern for the government to introduce new regulations in the market for using bitcoins. Many countries have officially started using bitcoins as mode of payment but the regulations imposed aren’t strict enough in the countries to avoid illegal activities. It is anticipated that as the prominence of bitcoin in the market increases, it will be mandatory for the government to impose necessary regulations to avoid misuse of the currency.
Thirdly, it has been anticipated that the bitcoin market will grow at same growth rate and will rise at a good pace in coming years. It is expected that three to four major cryptocurrencies will grow in future and bitcoin will be one of those and the major reason for the same will the first-mover advantage, the scale and the pioneering. The price of bitcoin has been highly volatile but its value has increased at a double digit CAGR in past five years. It is anticipated that the value will increase at higher or same growth rate in near future.
 

Key Topics Covered in the Report

  • Global Cryptocurrency Market Overview and Genesis
  • Global Cryptocurrency Market Size, 2013-2017
  • Global Cryptocurrency Market Segmentation by Market Cap of Cryptocurrencies
  • Global Bitcoin Market Overview and Genesis
  • Global Bitcoin Market Size, 2011-2017
  • Global Bitcoin Market Segmentation by use of Bitcoin, by Volume of Trade in Exchanges and by Mining Facilities around the Globe
  • Working Model of Bitcoin
  • Implications of Bitcoin Market Growth
  • Trends and Development in Global Cryptocurrency and Bitcoin Market
  • Issues and challenges in Global Cryptocurrency and Bitcoin market
  • Market Share and Competitive Profile of Major Mining Pools in Global Cryptocurrency and Bitcoin Market, 2017
  • Global Cryptocurrency and Bitcoin Market Future Outlook and Projections
  • Analyst Recommendations

Products

Bitcoin market may witness a major bubble burst and the value of bitcoin will witness major fall and then stabilize over the years. It has been witnessed that price of bitcoin has gone up at a faster pace than any other speculative vehicle in market history which has attracted a lot of investment and speculation in the market.

Companies

  • AntPool,
  • F2Pool,
  • BitFury,
  • BTCC Pool,
  • BW.com,
  • ViaBTC,
  • SlushPool,
  • HaoBTC,
  • BTC.com and 1Hash

Table of Contents

1. Executive Summary

Global Cryptocurrency Market
Global Bitcoin Market
Global Cryptocurrency Market Cap Segmentation
Global Bitcoin Market Segmentation
Competitive Scenario in the Global Cryptocurrency Market
Future Outlook and Projections of Global Bitcoin Market

2. Appendix

2.1. Market Definitions
2.2. Abbreviations
Research Methodology
Approach - Market Sizing
Limitations
Variables (Dependent and Independent)
Multi Factor Based Sensitivity Model
Regression Matrix
Final Conclusion

3. Global Crypto Currency Market

3.1. Global Cryptocurrency Market Introduction
3.2. Global Crypto Currency Market Size, 2014-2017
3.3. Global Crypto Currency Market Cap Segmentation by Currency type, 2014-2017

4. Global Bitcoin Market

4.1. Global Bitcoin Market Introduction
4.2. Global Bit Coin Market Size by Market Capitalization, 2011-2017
4.3. Bitcoins in Circulation, 2011-2017
4.4. Revenues from Mining, 2011-2016

5. Global Bitcoin Market Segmentation

5.1. By Volume of Trade in Exchanges, 2017
5.2. By Use of Bitcoin, 2017
5.3. By Mining Facilities Across the Globe, 2016

6. Global Bitcoin Mining Market

6.1. Type of Mining (Hardware Based and Cloud Based)
6.2. Exchanges (Small and Large) by Region
6.3. Matrix for Bitcoin Mining Pool
6.4. Type of Payment Methods

7. Working Model of Bitcoin in the Global Market

8. Implications of Bitcoin Market Growth

8.1. Cross Comparison of Crypto Currency Transactions
8.2. Decision Influencers for Using Cryptocurrency
8.3. Major Sectors Benefited from Growth of Cryptocurrency
8.4. Major Companies That Accept Bitcoin
8.5. Investors in Bitcoin & Blockchain Market

9. Target Profiles in The Global Cryptocurrency Market

9.1. By Ability to Influence Protocol Development, 2017
9.2. By Ability of Miners to Influence Protocol Development, 2017
9.3. Common Languages on Major Mining Pool Websites, 2017
9.4. Perception of Miners Regarding Current Regulatory Environment, 2017
9.5. Payment Service Providers’ Perception of Current Regulatory Environment, 2017
9.6. By License, 2017
9.7. Familiarity With Bitcoin, 2017

10. Profitability Analysis of Bitcoin Mining

11. Trends and Developments in the Bitcoin and Cryptocurrency Market

11.1. Increasing Acceptance of New Currencies
11.2. Emergence of Japan and South Korea as Major Bitcoin Markets
11.3. Lucrative Mode of Investment
11.4. Cryptocurrency for Transaction & Payments

12. Issues and Challenges in The Global Bitcoin and Cryptocurrency Market

12.1. Illegal Use of Cryptocurrency
12.2. Off-line Payments and Transactions Acceptance Period
12.3. Security Issues
12.4. Not a Profitable Business

13. Government Regulations in the Global Cryptocurrency Market

14. Competitive Scenario in Global Cryptocurrency Market

15. Market Share of Major Mining Pools in the Global Cryptocurrency Market

16. Competitive Landscape of Major Mining Pools in the Global Bitcoin Mining Market

16.1. AntPool
16.2. F2Pool
16.3. BitFury
16.4. BTCC Pool
16.5. BW.com
16.6. ViaBTC
16.7. SlushPool
16.8. HaoBTC
16.9. BTC.com
16.10. 1Hash

17. Future Outlook and Projections of Global Bitcoin Market, 2017-2022

Scenario 1: Bubble Burst
Scenario 2: Positive Growth with New Regulations
Scenario 3: Exponential Growth
17.1. Future Trends and Technologies in the Global Cryptocurrency Market
17.2. Analyst Recommendations

18. Macroeconomic Factors Affecting Global Crypto Currency Market

18.1. Global Retail E-commerce Market, 2012-2022
18.2. Bitcoin Block Rewards, 2012-2022

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