Home
News
- As per some findings through a wider worldwide survey of internet users between the age of 16-64 years, unveiled that digital assets are more than just a trend.
- According to GWI data, over 10% of internet users holds some kind of crypto assets with them.
- As of this writing, the cryptocurrency sector had a market capitalization of $1.7 Trillion, while Bitcoin dominated the market.
Recently, DataReportal unveiled its flagship worldwide overview report, unveiling that over 10% of working-age internet users globally possess some crypto assets.
Global virtual insight facilitator researched core trends associated with folks’ online behavior and reported cryptocurrency elements dependent on GWI’s data, which decrypted digital assets ownership rates per nation and demographics.
Thailand on Top of Crypto Adoption Hill
As per cryptocurrency segment report dependent upon GWI survey conducted in the third quarter previous year, total individuals possessing digital assets surged by 37.8% during the year to year period.
As per GWI data, over 10% of internet users aged 16-64 now possess some kind of cryptocurrencies, but looking closer solely towards nations, it is evident that asset class became particularly famous across underdeveloped countries.
Thailand is on top respective to cryptocurrency adoption on the globe. More than 2/10 adults in the nation (20.1%) possesses some kind of crypto asset.
Nigeria, South Africa and the Philippines have an adoption rate of 19.4% each, Turkey is following behind with an 18.6% adoption rate.
Report isolated Turkey, as cryptocurrency possession among nation’s population almost got twofold in the year to year period (10%), as the domestic currency lost almost half of its value in contrast to USD.
Meanwhile, report unveiled that digital asset ownership remains prominently with males, and not as prominent among older folks.
Fewer than 1 in 20 users of internet aged 55-64 possesses any kind of crypto, according to the report.
As per GWI data, cryptocurrency possession surfaced as most focused among folks aged 25 to 34 years, with male population responsible for 15.5% and female population accounting for 9.5%.
Cryptocurrency Directive
How will these metrics influence policymakers in nations presently exploring cryptocurrency regulation, is yet to be unveiled.
Meanwhile, to what extent, authorities are raining hell on crypto vs friendly regulatory environments directly influencing possession rates stays equally indemonstrable.
As of now, United States is at no. 14 on this list, with 12.7% of citizens possessing digital assets.
This puts US, which is likely to surge cryptocurrency regulations into an issue of national security, above international average (10.2%), unlike some crypto-friendly nations, including Germany(9%) and Portugal(9.7%).
At the same point, Russia, which is chewing over a complicated regulatory structure, is down the hill with 2% crypto adoption.
GWI data unveiled that those investing in cryptocurrencies would entrust digital asset exchanges(32%) with the task, while those mirroring investing interest, but are haven’t acted upon it, are falling into global economic groups (26%) and conventional monetary institutions like banks, (26%), are bracing themselves to regulate surfacing market.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
