Crypto lender Ledn forecasts the bitcoin-backed consumer loan market could expand to $1 trillion within the next decade, according to a new report. Currently valued at approximately $3 billion, the market is projected to grow nearly 300-fold, driven by strong borrower interest. However, trust issues remain a significant barrier to adoption, with only 14% of surveyed cryptocurrency holders currently using crypto-backed loans despite 88% expressing interest. The report highlights that confidence-related concerns, such as crypto price volatility and regulatory uncertainty, are the main obstacles for potential borrowers. The sector's reputation still suffers from the 2022 crypto credit collapse, which saw high-profile failures like Celsius and BlockFi. Ledn emphasizes the need for improved transparency, custody protections, and risk management to rebuild trust and convert latent demand into a substantial consumer market.