Almost twice as many people in three key regions will own crypto in 2021

Over half of people who live in India, Brazil, and Hong Kong will buy their first cryptocurrency in 2021.

The number of people who own cryptocurrency has gone up a lot in the last year, according to a new report. Nearly half of all owners around the world will buy cryptocurrency for the first time in 2021.

During the months of November 2021 and February 2022, Gemini, a cryptocurrency exchange founded by Cameron and Tyler Winklevoss, polled about 30,000 people in 20 countries. This gives a picture of how the crypto ecosystem is growing quickly. This is part of a report that was shared on Monday. The survey results were released by the company as part of its “2022 Global State of Crypto” report.

Gemini says that in countries like India, Brazil, and Hong Kong, more than half of people started investing in crypto in 2021. More than half of people in India, Brazil, and Hong Kong said they were.

In other parts of the world, people in Latin America (LATAM) and the Asia Pacific (APAC) were also buying crypto in 2021. In LATAM, 46% of people bought their first crypto in 2021, and in APAC, 45% bought their first crypto in 2021. It says that 44 percent of respondents from the United States and 40 percent from Europe started investing in 2021, and that’s what the report says.

This isn’t the only thing Gemini found. Countries like Indonesia and Brazil have the highest share of people who own cryptocurrency. People in both Brazil and Indonesia said they own crypto, compared to just 20% in the United States, 18% in Australia and 17% of people in Europe.

In countries like the United Arab Emirates, Singapore, and Israel, it’s said that a lot of people own crypto, with 35% of people in the UAE, 30% of people in Singapore, and 28% of people in Israel owning it.

The report also said that there is a lot of uncertainty about how crypto will be regulated and not enough people know about it. 39 percent of people who didn’t own crypto said there was a lot of uncertainty about how crypto was going to be treated by the law in APAC, 37 percent in LATAM, and 36 percent in Europe. People in the Middle East, Asia, and Latin America said that crypto tax reporting kept them from buying crypto.

If Gemini is correct, there will be a lot more US crypto investors by 2021 than there are now. This was reported last year. Other surveys say that there were a lot more people who bought crypto in the country in 2021 than there were then. “Crypto Perception Report 2022”: In January, Huobi released a report about how people think about cryptocurrencies like Bitcoin (BTC). About 70% of crypto owners in the United States started investing in them for the first time in 2021, the report said.

 

Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

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