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After recent missconceptions about the worldwide crypto usage I summarized and collected some data for you guys. I hope you enjoy data as much as I do.
Demographics:
- 79% male, 21% female
- 58% are under 34 years old
- 82% have a Bachelor's degree or higher
- 36% have an income over 100K in USD
crypto ownership data
Country |
Number of crypto owners |
% of the population |
Ukraine |
5,565,881 |
12.73% |
Russia |
17,379,175 |
11.91% |
Venezuela |
2,941,502 |
10.34% |
Kenya |
4,580,760 |
8.52% |
USA |
27,491,810 |
8.31% |
India |
100,740,320 |
7.30% |
South Africa |
4,215,944 |
7.11% |
Nigeria |
13,016,341 |
6.31% |
Colombia |
3,122,449 |
6.14% |
Vietnam |
5,961,684 |
6.12% |
Thailand |
3,629,713 |
5.20% |
United Kingdom |
3,360,591 |
4.95% |
Brazil |
10,373,187 |
4.88% |
Pakistan |
9,051,827 |
4.10% |
Philippines |
4,360,579 |
3.98% |
South Korea |
1,942,933 |
3.79% |
Australia |
857,553 |
3.36% |
France |
2,179,654 |
3.34% |
Netherlands |
521,404 |
3.04% |
Turkey |
2,476,418 |
2.94% |
Chile |
500,125 |
2.62% |
Germany |
2,191,986 |
2.62% |
Portugal |
241,389 |
2.37% |
El Salvador |
125,873 |
1.94% |
Ukraine
- Ukrainians are open to cryptocurrencies
- It is the birthplace of Bitfury, Hacken and Propy
- Many developers are also from Ukraine
- Last year they were considering using nuclear plants for crypto mining
Russia
- Vitalik Buterin is Russian-Canadian you probably knew that
- Crypto is the fifth most popular investment in Russia
Venezuela
- Venezuelans similar to Ukrainians are very open to cryptocurrency
- Peer to peer transactions are the most favored
- Venezuela announced the "authorisation of decentralised stock exchange of Venezuela" (BDVE) it allows users the access to an exchange from anywhere in the world without restrictions, that's at least the Idea so far
Kenya
- Kenya has the highest peer to peer crypto trading worldwide
- Kenya is leading the African countries in terms of holding
- Kenya is the top Bitcoin maximalist country (well, that's something)
USA
- Largely young (tech savvy and wealthy) Americans invest in it
- Highly educated Americans are more likely to own cryptocurrency
- USA has the highest amount of traders on major exchanges like coinbase (60%) or binance (24%) and Bittrex (28%)
- 46% of Americans use crypto already as payment options the rest only uses it for investment reasons
India
- Crypto is a still a controversial topic in India still many Indians are open to the idea of crypto as an alternative way to store wealth
- Many Indians working in global firms prefer to be paid in crypto over fiat
- WazirX and CoinDCX are the biggest Indian exchanges
South Africa
- About 17% of South African already had contact in some form with crypto currency
- About 10% of it's internet users also use crypto
Nigeria
- Nigeria leads Africas peer to peer lending
- I am sure you heard about the Nigerian prince
Colombia
- Colombia is ranked 4th on peer to peer bitcoin lending
- Colombia had a major boost in 2020 due to new crypto exchanges and lending services
- It also has the highest amount of BTC ATMs in Latin America
Vietnam
- Vietnam is ranked second, for most on chain retail transactions worldwide
- More than half of Vietnamese expressed interest in cryptocurrency
Thailand
- Thailand is one of the first southeast Asian countries to enact cryptocurrency legislation
- Since 2018 they have a more liberal stance towards crypto
- About 10% of thai internet users own crypto
United Kingdom
- 42% of Briton crypto users already use it as payment
- The surveys had similar results as in the US the more educated the more likely it is that the person owns crypto
- The overall interest is increasing
Brazil
- Brazil leads South America in terms of crypto owners
- About 92% of crypto users are male
- 40% of the users are between 20 and 25 years old
Pakistan
- The bitcoin market is very new to Pakistan, but it's fast growing
- Recently a province announced to start their own mining farms
Philippines
- Last year it's peer to peer trading volume reached record highs
- According to a report it's one of the fastest adopting countries
- Over half of Filipinos expressed interest in crypto
- Pretty interesting is that wealthy Filipinos rather spend and send it than speculate with it
Chile
- It's most popular exchange is Crypto MKT
- Chile had its peak on peer to peer trading volume in September 2020
Germany
- 71% of germans already heard about cryptocurrency
- In Germany the education level has not such a high impact whether a person invests in crypto or not
- Germany allows institutional funds to invest in crypto (2021)
El Salvador
- First country to accept bitcoin as legal tender
- Bitcoin mining with volcanic energy
- No taxes for a btc/fiat swap
Source: here
other Articles: here
much love,
thelovetoy
Edit: added more countries due to community wishes hope you enjoy π
submitted by /u/thelovetoy [link] [comments] |