Surprise for global crypto owners

The survey was conducted with about 30,000 people across 20 countries between November 2021 and February 2022. The results show that 2021 is a boom year with electronic moneyespecially in developing countries.

“Brazil and Indonesia lead the world in crypto ownership, with 41% of respondents reporting holding it, compared with 20% in the US and 18% in the UK.” Gemini said.

Cryptocurrency Mining Mine at Scrubgrass Factory in Kennerdale, Pennsylvania – USA. Photo: Reuters

Up to 79% of owners revealed that the reason they invest in cryptocurrencies is because of their long-term potential, with the rest claiming that they choose cryptocurrencies for fear of inflation – this reason is the most in Indonesia with 64%. In fact, the Indian rupee has fallen by 17.5% against the USD in the past five years, while the Indonesian rupiah has depreciated by 50% against the USD between 2011 and 2020.

The survey that Gemini just released also found that only 7% of those who do not currently own crypto say they intend to buy it at some point.

Bitcoin is currently considered the most popular cryptocurrency, peaking at over $68,000/Bitcoin in November 2021, helping push the cryptocurrency market value to $3 trillion. However, CoinGecko, the world’s largest independent cryptocurrency data aggregator, sees the price of Bitcoin trading in a narrow stable range of $34,000 to $44,000/Bitcoin throughout 2022.

Bitcoin is still considered the most popular among cryptocurrencies. (Photo: Adobe)

Cryptocurrency app downloads also surged in 2021, according to analytics platform Adjust and app data provider Apptopia. Specifically, downloads of crypto-related software increased by 902% in the fourth quarter of 2021 compared to the same period last year. The largest increase was in the US (645%), Asia – Pacific (475%), Europe, the Middle East and Africa (284%), Latin America (182%).

The number of people installing and accessing cryptocurrency applications in 2021 also increased by 400% compared to the previous year. In terms of user engagement, crypto apps also outperform stock trading apps in many metrics such as session duration, number of sessions per user per day, or rate of access. retention and engagement levels.