Cryptocurrency popularity has skyrocketed over the last 3 years
According to the Statista Global Consumer Survey, the number of users and owners of cryptocurrencies increased significantly in India, Brazil, the US and Germany between 2018/19 and 2021/22.
India stands out in particular, as the number of people investing in crypto has more than tripled over this period – from 8% to 27%.
While the popularity of cryptocurrencies is skyrocketing around the world, China has seen a backlash due to local government efforts to ban the use of cryptocurrency.
Although not represented in the infographic, the Middle East and North Africa, known as MENA, also continue to adopt cryptocurrencies. According to Chainanalysis, the region experienced a 48% increase in cryptocurrency volume in the year 2022.
Even with the recent drop in cryptocurrency prices, the popularity of this investment category continues to skyrocket and there is no reason to believe this will change. Investors are increasingly informed about cryptos and global demand will continue to consolidate in the four corners of the world.