Indonesia and Brazil lead the world in the adoption of crypto. With 41% of the people surveyed in the countries that reports in ownership of crypto. Many of the owners of crypto in United States, Asia Pacific and Latin America and purchased digital assets for initial most time in year 2021. As per the latest survey from the U.S. currency exchange. This survey of almost 30,000 people that are across 20 countries, was conducted in November 2021 & February 2022. The data show that the year 2021 was a superb blockbuster year for the crypto. Here, inflation in specific of driving the adoption in countries which have experienced the devaluation of currency.
Survey and the report done on Crypto Owners
Almost 41% of the people were survey in the countries that report the crypto ownership. It is as compared to 20% in United States almost 18% in United Kingdom. Moreover, it was also observe that almost 79% of people that are owning the crypto in previous year. These people said that they prefer to purchase digital assets for the potential of long-term investment.
People those do not recently own crypto and those who live in the countries which have experienced devaluation of the currency against U.S. dollar. It was more than almost five times possibly to say as they plan to buy the crypto for hedging against inflation.
Simply 16% of the respondents in U.S. and almost 15% in Europe have agree that the hedging of crypto currency against inflation as compared 64% in India and Indonesia.
On the other hand, Indian rupee decline to 17.5% against dollar in last five years. Though, Indonesian rupiah also decline 50% against dollar in between 2011 or 2020. It stays to be notice for the adoption of momentum may keep the pace during the year.
