Nearly half of cryptocurrency owners in the United States, Latin America and the Asia-Pacific region bought the asset for the first time in 2021, according to new research by North American cryptocurrency exchange Gemini.
The survey of nearly 30,000 people in 20 countries, conducted between November 2021 and February 2022, shows that the past year was a great success for cryptocurrencies, as inflation drove the adoption of these assets in countries that suffered from devaluation of cryptocurrencies. coins, according to the report.
Brazil and Indonesia have led the world in cryptocurrency adoption, according to Gemini, as 41% of people surveyed in these countries said they own these assets, compared to 20% in the United States and 18% in the United Kingdom.
Gemini found that 79% of people who said they owned cryptocurrencies last year did so for the long-term investment potential.
The chance that people who currently do not own cryptocurrencies and live in countries that have experienced currency devaluation plan to buy cryptocurrencies as protection against inflation is more than five times greater, according to the survey.
Only 16% of respondents in the US and 15% in Europe agreed that cryptocurrencies protect against inflation, compared to 64% in Indonesia and India, for example.
The Indian rupee has fallen by 17.5% against the dollar over the past five years, while the Indonesian rupee has depreciated by 50% against the dollar between 2011 and 2020.
Only 17% of Europeans said they had digital assets in 2021 and only 7% of those who currently do not have cryptocurrencies have shown any intention to buy the assets at some point.
The most popular cryptocurrency, bitcoin, hit an all-time high of more than $68,000 in November, helping to lift the cryptocurrency market cap to $3 trillion. .8 trillion), according to CoinGecko, but the asset has been trading in the range of US$34,000 (R$157,000) to US$44,000 (R$203,000) more recently.
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