According to a report by ResearchAndMarkets, the global Bitcoin market is expected to reach $132.91 billion by 2030, growing at a compound annual growth rate of 26.2% from 2022 to 2030. The increasing acceptance of cryptocurrency globally due to its numerous advantages, such as decentralization and ease of exchange, is expected to drive the Bitcoin market over the forecast period. Furthermore, the emphasis of payment service providers on providing better payment solutions has contributed to the expansion of the industry.