Although the cryptocurrency market has been through a lot over recent weeks and months, data have demonstrated that the interest of the public in owning crypto assets has not suffered under the effects of unfavorable circumstances – quite the contrary.
Indeed, the average global cryptocurrency ownership rate currently stands at 4.2%, with more than 420 million people using crypto assets around the world, according to the data by crypto payment gateway Triple-A, last updated on May 16 and retrieved on June 21.
According to the map shared by the platform, the region that has the largest portion of crypto users – 260 million – is Asia, followed by North America with an average of 54 million, Africa with 38 million, South America with 33 million, Europe with 31 million, and Oceania with 1.5 million.
Crypto ownership around the world. Source: Triple-A
Crunching the numbers
Further breaking down the data shows that the United States is the country with the largest number of crypto owners, with 46 million people dealing with digital assets. At its heels are India and Pakistan, with 27 million and 26 million, respectively, followed by Nigeria, with 22 million, and Vietnam, with 20 million crypto users.
In terms of demographics, the analysis estimates that 63% of crypto users are male, as opposed to 37% female. Seventy-two percent of them are younger than 34, and 71% hold a Bachelor’s degree or higher, whereas the annual income of an average crypto owner stands at around $25,000.
Interestingly, the crypto adoption curve in the last 10 years has followed that of the internet between 1990 and 2000 almost identically, and the crypto sector is currently at the same stage where the internet adoption was in 1998, as it becomes increasingly popular across industries such as e-commerce, luxury goods, gaming, and remittance.
Crypto versus internet adoption. Source: Triple-A
Meanwhile, the digital asset market has broken the recent bearish streak as $40 billion poured into the market capitalization of Bitcoin (BTC) in the last 24 hours, bringing the price of the flagship decentralized finance (DeFi) asset closer to the psychological level of $30,000, as Finbold earlier reported.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
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