ICYMI: according to Gemini's survey, Indonesia and Brazil are the top countries when it comes to cryptoadoption cryptocurrency
Gemini has surveyed 20 countries from North America, Latin America and the Asia-Pacific region.
The pace of adoption is now surprising given how much cryptocurrency prices grew in 2021. In November, the total market capitalization peaked at more than $3 trillion, with Bitcoin reaching an all-time high of roughly $69,000. Some altcoins, such as Solana, Terra and Dogecoin, recorded massive gains, captivating the attention of the investment community.Unsurprisingly, the survey shows that countries with relatively high inflation tend to lead in cryptocurrency adoption.
Sixty-four percent of Indonesians view cryptocurrencies as a hedge against inflation in spite of their volatility.Cryptocurrencies are less popular in countries with more stable fiat currencies. For instance, 18% of respondents own digital assets in the U.K. Only 15% of Europeans believe that cryptocurrencies serve as a viable inflation hedge.
Seven percent of those European respondents who do not currently hold any digital assets plan to purchase them in the future.While cryptocurrencies made significant strides in terms of penetrating the mainstream conscience last year, it remains to be seen whether this interest is sustainable. Despite a recent rally, the majority of altcoins remain far from record highs .
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Multiple people were killed, including several children, after floods and landslides in BrazilMultiple people, including several children, were killed after days of heavy rains triggered flooding and landslides in the southeastern Brazilian state of Rio de Janeiro.
Read more »
After U.S., women in Brazil seek damages over birth control implantA U.S. class-action lawsuit related to Bayer’s Essure, a birth control implant, resulted in a $1.6 billion out-of-court settlement in 2020. Now, more than 380 women in Brazil are seeking damages from Bayer.
Read more »
Brazil eases COVID-related restrictions on international travelersBrazilian health agency Anvisa on Saturday issued a new set of rules for incoming international travelers, easing restrictions related to the COVID-19 pandemic as the health crisis subsides in the South American nation.
Read more »
New crypto owners nearly doubled in 3 key regions in 2021: ReportIndonesia and Brazil are leading the world in terms of the share of cryptocurrency investors among the general population, according to a new report by Gemini.
Read more »
Nearly half of crypto owners first bought digital assets in 2021 -surveyAlmost half of all cryptocurrency owners in the United States, Latin America and Asia Pacific purchased the digital assets for the first time in 2021, according to a new survey from U.S. cryptocurrency exchange Gemini.
Read more »