The adoption of cryptocurrency is growing all around the world. Some countries, however, are leading the way in terms of bitcoin acceptance. This article will examine the five countries with the greatest bitcoin usage rates in the world.
Before we begin, the estimated global ownership rate of #cryptocurrency is 4%, and over 330 million people worldwide possess #cryptocurrencies! And it’s no surprise that #bitcoin will be worth $1.15 trillion within 2024, accounting for 47 percent of total cryptocurrency market #capitalization.
Despite the #market enduring a severe cold spell, these statistics provide insight into bitcoin ownership and dominance.
So let’s get this party started!
Over 46 million people in the United States utilize cryptocurrencies, and 13.7 percent of the population owns them. However, it is critical to understand who these users are in the United States.
Many young people are drawn to the bitcoin realm. According to our data, 82 percent of crypto owners in the United States are between the ages of 18 and 44, with only 7 percent being beyond the age of 55!
It’s no surprise that this new #technology has become so popular among millennials – they control the majority of the country’s fast-rising populace.
India has 27 million #bitcoin users; however, this accounts for only 2% of the overall population of 1.38 billion people!
Despite regulatory uncertainty, an increasing number of people are investing in cryptocurrencies. In addition, the number of #female bitcoin users in India has increased to 41 percent.
Pakistan ranks third with 26 million users, accounting for up to 10% of the population. The bitcoin market in Pakistan is still in its early stages, but it is rapidly expanding, according to Urdubit, the country’s first and largest #trading platform.
There are 22 million bitcoin owners in Nigeria. Although it ranks fourth in terms of overall #crypto owners, the country has a strong cryptocurrency culture, with more than 10% of the population having crypto.
In Africa, #peer-to-peer lending is on the rise!
Vietnam is a small country, but it demonstrates its worth with over 20 million users, accounting for more than 20% of its overall population! In Vietnam, 59 percent expressed interest in cryptocurrency, and 31 percent said they would use cryptocurrency for #online payments. Furthermore, there is a significant level of #awareness of #cryptocurrencies among the Vietnamese people, which is approximately 82 percent.
Adoption is on the rise all across the world.
Cryptocurrency use is increasing all around the world. If you want to enter this fascinating and developing sector, you must first identify where the majority of people reside.
When it comes to expanding your cryptocurrency business, these five countries are an excellent place to start.