Bernstein anticipates that cryptocurrency sales would skyrocket to over $400 billion by the year 2033

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Bernstein stated in a research report that was published on Monday that this year will lay the foundations for a decade-long “golden age” of innovation for cryptocurrency applications. This will take place as cryptocurrency transitions from a “fat infrastructure thesis” to a “fat application thesis.”

The broker forecasts that the overall revenue generated from cryptocurrencies would increase by a factor of sixteen during the following ten years, going from approximately $25 billion in 2023 to approximately $400 billion in 2033.

Bernstein predicts that “decentralised blockchain-driven revenue,” which currently accounts for about 15% of the whole revenue pool, will soon account for nearly half of the total revenue pool, which is anticipated to be $400 billion.

Bernstein anticipates that on-chain revenue will increase from less than around $4 billion today to close to almost $200 billion in the next ten years. This increase will be driven by “innovation in blockchain scalability and application growth across financial services and consumer technology segments.”

According to the report, consumer and finance applications are anticipated to account for approximately 75% of on-chain income, up from approximately 40% in the previous year.

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