2022-4-12 18:51 |
47% of female respondents were crypto-curious; over 50% of crypto owners in many developing countries are women.Over 50% of crypto owners in India, Brazil, and Hong Kong bought crypto first time in 2021.Lack of educational resources is a key barrier while regulation and tax complexities major concerns among non-owners.
Forty-one percent of the crypto owners globally bought cryptocurrencies for the first time in 2021, claimed a study commissioned by digital assets exchange Gemini. The countries where the highest number of respondents bought their first cryptocurrency in 2021 are India (54%), Brazil (51%), and the United States (44%).
The 2022 Global State of Crypto Report released on April 4 terms 2021 as the Breakout year for the cryptocurrency sector when the “market capitalization almost hit $3 trillion and bitcoin reached an all-time high of almost $69,000, making crypto the best performing asset class of the past 10 years.”
Among the non-owners, regulations and tax complexities are major concerns. The Gemini report recognizes a lack of knowledge and educational resources as a major barrier to crypto adoption, the study says.
Gemini’s report on crypto trends covers adoption, barriers, entry, and attitude are based on a survey that was conducted online by Data-Driven Consulting Group between November 2001 and February 2022. It covered 20 countries and nearly 30,000 respondents who were aged 18-75 years and had a household income of $14,000 or more.
Key findings
The 2022 Global State of Crypto Report provides an outlook for the industry, saying 41% of respondents were found to be crypto-curious — those who don’t own crypto but are interested, learning, or planning to buy it next year.It says the primary driver of crypto adoption is the concern around inflation. For example, in the US where inflation has been a serious concern lately, “40% of crypto owners see crypto as a hedge against inflation.”People in countries whose currencies have experienced 50% or more devaluation against the US dollars in the last 10 years are 5 times more likely to buy digital coins.The rate of crypto adoption was much higher in developing countries with Brazil and Indonesia reporting 41% of respondents saying they own digital coins in comparison to 20% in the US and 17% in Europe. Gender Gap in Crypto Adoptions NarrowsAnother significant trend that the Gemini study uncovers is the narrowing of the gender gap in crypto adoption. The study finds 47% of women respondents globally as crypto-curious. Women in developing nations, with Israel (51%), Indonesia (51%), and Nigeria (50%), are leading the table in crypto adoption. In contrast, only a third (33%) of current crypto owners in the developed world are women.
Similar to Notcoin - Blum - Airdrops In 2024