Bloomberg analyst Jamie Coutts sees the ongoing adoption of blockchain technology to potentially attract 100 million daily users by 2028.

On X, Coutts highlighted the growth of daily active addresses, surpassing 5 million in Q3 of 2023, which represents a 14% increase from 2022.

Over the past four years, the quarter-on-quarter growth has averaged 29%, illustrating a remarkable acceleration. Comparing this to the growth trajectory of PayPal, which took 13 years to achieve the same number of daily users, Coutts stressed the rapid evolution in the blockchain space.

The Bloomberg analyst predicts that  companies operating within this sphere could see significant valuation increases with continued blockchain adoption.

Coutts estimates a potential value ranging between $US5 trillion and $US14 trillion once the user base reaches 100 million, a substantial surge from the current $US350 billion valuation.

These predictions align with data indicating sustained interest in blockchain technology. Despite market fluctuations, the crypto industry saw a 5% growth in development in 2022.

In addition, a 2022 survey by Celent revealed that 91% of institutional investors expressed keen interest in investing in tokenised assets.