Ledn Predicts $1 Trillion Growth for Consumer Bitcoin-Backed Loan Market

A report released by Ledn has shed light on the potential growth of the consumer bitcoin-backed loan market, which is expected to reach $1 trillion within the next decade. The forecast was made based on a study conducted by Protocol Theory, which surveyed over 1,200 cryptocurrency holders across the US and Australia.

The research found that while 88% of respondents expressed interest in using a crypto-backed loan or credit product, only 14% currently use such services. This '6-to-1 consideration-to-adoption gap' highlights the challenges facing the industry in rebuilding trust among consumers.