The figure of people possessing crypto has increased to a great extent in the previous year, as 50% of the entire owners across the globe have initially purchased crypto during 2021, as indicated by an exclusive report. Tyler Winklevoss and Cameron founded a crypto exchange named Gemini that has conducted the polling of nearly 30,000 respondents throughout 20 countries from 2021’s November to 2022’s February to present an image of a swiftly broadening crypto ecosystem.
The firm issued the inferences of the survey as included in the report thereof. As per the results pointed out by Gemini, the adoption of cryptocurrency spiked in the previous year in the nations such as Hong Kong, Brazil, and India to a large scale with up to 50% of the respondents beginning their crypto investment in 2021. Such respondents counted 54% across India whereas 51% in both Hong Kong and Brazil.
Elsewhere around the world, the respondents from APAC (Asia Pacific) and LATAM (Latin America) were additionally active in purchasing cryptocurrency in 2021, as 46% of LATAM respondents and 45% of APAC respondents bought their initial crypto in the same year. The report further notes that 44% of US respondents and 40% of European investors began their investment in 2021.
Apart from this, Gemini detected that countries such as Brazil and Indonesia are the frontrunners across the globe in case of crypto investors’ share in the common masses. The report made it clear that 41% of Indonesian and Brazilian respondents expressed owning crypto, in comparison with 17% of European and 18% of the US respondents. The rates of crypto ownership are also reported to be considerably elevated in the countries such as Israel, Singapore, and the United Arab Emirates.
35% of the UAE-based respondents, 30% of Singaporeans as well as 28% of respondents from Israel also revealed that they hold crypto. The uncertainty in terms of crypto regulation as well as the deficiency of awareness has been referred to by the report as a couple of the largest hindrances in the way of wider crypto adoption. It was formerly reported that in the last year Gemini anticipated that the US-based crypto investors’ figure rose to approximately double.
As per a few of the other surveys, the latest crypto investors’ number was much greater than that. A crypto exchange Huobi released a report in January, presenting that 70% of the US-based crypto owners entered the crypto bandwagon with cryptos such as BTC (Bitcoin).