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According to a new study, 562,000,000 people around the world now own cryptocurrencies
According to digital currency payments company Triple-A, approximately 6.8% of the world’s population currently holds cryptocurrencies.
In a new report, Triple A He says the number of people owning cryptocurrencies is now 562 million, up about 34% from 420 million in 2023.
Among countries in the world, the United Arab Emirates has the highest cryptocurrency ownership rate at 25.3%, followed by Singapore at 24.4%.
Other leading countries include Turkey (19.3%), Argentina (18.9%), Thailand (17.6%), Brazil (17.4%), Vietnam (17.4%), United States (15.5 %), Saudi Arabia (15.0%), Malaysia (14.3%) and Hong Kong (14.3%).
Says Triple-A,
“Among the top 30 countries with the highest ownership rate, we find countries from various continents and economic locations, ranging from emerging markets such as Turkey and Argentina to smaller economies such as Slovenia and Luxembourg.
Asia reinforces its reputation as a hub for digital currency adoption and innovation, with 10 of its countries ranking in the top 30 globally with the highest adoption rates.”
As for what’s driving the global rise in cryptocurrency ownership, Triple-A points to the regulatory changes that paved the way for Bitcoin’s approval (Bitcoin) spot exchange-traded funds (ETFs).
Discussions of crypto events like the Bitcoin halving and expanding educational resources that address the growing demand for information about digital assets also attract new investors.
The report states that macroeconomic factors such as inflation and currency devaluation also fuel the growing adoption of cryptocurrencies.
Triple-A says they await new opportunities as more and more people are likely to embrace cryptocurrencies.
“With half a billion users globally, increased regulation and technological advancements, cryptocurrency adoption and usage rates will continue to increase.”
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