The countries where cryptocurrency use is most common
With both cryptocurrency seeing a huge increase in adoption in the past year alone, it’s no surprise to see a surge in some of the most populated countries in the world — but some adopt it more enthusiastically than others. Here’s a breakdown of the top spots where cryptocurrency use is the most common:
Which country has the most crypto holders and users?
That would be India, by a landslide. Known as a spiritual haven with incredible architecture and food, India is also apparently a cryptocurrency hub. With its huge population (of about 1.3 billion people), it’s no surprise that India also has more crypto holders than any other country (100 million) — even though only about 7.3 percent of the population in India owns cryptocurrency.
In the good ol’ USA, about 27 million people own cryptocurrency (about 8.3 percent of the population) which makes it the country with the second-most crypto holders and users. This isn’t really surprising given that the U.S. is one of the world’s leading technology and innovation hubs too.
In which country does the highest percentage of the population own cryptocurrency?
Have you ever heard of the Tunnel of Love? If you haven’t, you’ve probably seen it on Pinterest. The industrial railway is surrounded by leafy green arches and is about five kilometres long. It’s known as the tunnel of love because it’s a popular spot for lovers to take a walk, surrounded by greenery. It’s also located in one of the biggest countries in Europe (the same one that has most enthusiastically adopted cryptocurrency): Ukraine. Russia’s neighbour takes the title of highest percentage of the population owning cryptocurrency, with 12.73 percent owning (and apparently loving) crypto. Russia is a close second, followed by Kenya and the United States.
Other fun stats on crypto ownership
Wondering exactly who is buying all that crypto in all of these countries? Well, it skews towards young men with bachelor’s degrees and disposable income. More specifically:
● 82 percent of crypto holders have a bachelor’s degree (or higher)
● 58 percent of crypto holders are 34 years old (or younger)
● 79 percent of crypto holders are male
● 36 percent of crypto holders have an annual income of US$100,000 or more
Where do you fit in?
Do you fit into the typical demographic of crypto users? Do you live in one of the most crypto-loving countries? Either way, it’s never too late to do your research and see if crypto ownership is for you.
Hubkoin, a Canadian cryptocurrency exchange, could be the place to do it: they are making it their mission to help educate and empower potential investors and make it easy for them to get started.