Data Shows Cryptocurrencies and Blockchain Will Continue to Grow

Data published by Oristep Consulting estimates that the global blockchain technology market was valued at about USD 0.67 Billion in 2017. However, it is expected to reach USD 10.58 Billion by 2023, at an impressive CAGR of 58.39% during the forecast period. North America holds the largest market share due to the significant number of industries which are increasing funding for the development of the technology.

The report indicates that the strengths of Blockchain are its transparent nature and ability to minimize the time consumption during transactions. Chineseinvestors.com, Inc. (OTC: CIIX), Riot Blockchain Inc. (NASDAQ: RIOT), GAIN Capital Holdings, Inc. (NYSE: GCAP), Bitcoin Investment Trust (OTC: GBTC), Overstock.com, Inc. (NASDAQ: OSTK)