Analysts predict a sixteenfold increase in profits of cryptocurrency companies over the next ten years due to dApps.
Bernstein analysts predicted a jump in crypto companies’ revenues over the next ten years. According to their data, profits of cryptocurrency firms could grow to $400 billion by 2033. This is reported by CoinDesk, citing a report from the broker.
Analysts expect that in 2023, the total profitability of crypto companies will be $25 billion. Crypto businesses have the potential to grow 16 times by 2033. Bernstein experts called the next ten years a “golden age” for the crypto industry.
Moreover, Bernstein analysts predict that half of future revenues will come from decentralized applications (dApps). In comparison, dApps currently generate only about 15% of returns in the sector. Researchers explain this prediction for several reasons:
- active developments in the scalability of blockchain networks;
- the increase in the number of decentralized apps in the financial services segment;
- expansion of opportunities to use digital assets within consumer applications.
Analysts foresee the highest rate of return in the sector for DEXs, credit protocols, and asset tokenization platforms. Within consumer dApps, increased returns are expected from gaming NFTs.
Recall that analysts recently predicted an increase in profitability of projects based on Metaverses over the next seven years.
