Crypto industry to contribute $55B to US economy in 2026: NCA study

0
Crypto industry to contribute B to US economy in 2026: NCA study

Crypto industry to contribute $55B to US economy in 2026: NCA study

The research released by the organization said that crypto companies will directly or indirectly lead to 232,000 jobs across the entire US economy in 2026.

Research from the National Cryptocurrency Association (NCA), an organization backed by Ripple Labs, broke down the economic impact of the entire crypto industry on the United States, estimating that salaries, worker spending and output will have contributed $55 billion this year.

According to a report released Wednesday by the Pragmatic Policy Group on behalf of the NCA, the total economic contribution was based on direct, indirect and induced employment. Of the sectors to benefit from crypto’s economic contributions, the NCA said that investments in securities and commodity contracts were among the highest at $9.7 billion, while housing and real estate were a combined $4.8 billion. 

The research found that about 34,000 people in the US were directly employed by crypto companies, accounting for just a fraction of the 232,000 jobs supported by the industry across the entire economy. This would mean crypto companies directly employ more Americans than the coffee and tea manufacturing and aerospace industries, according to data from the US Bureau of Labor Statistics.

Read more

About The Author

Leave a Reply

Please enter CoinGecko Free Api Key to get this plugin works.